Cargotec Corporation Stock Forecast
Cargotec Corporation stock price ended at 62.25€ on Friday, after losing 0.797%.
(Updated on Apr 19, 2024)
The Cargotec Corporation stock price fell by -0.797% on the last day (Friday, 19th Apr 2024) from 62.75€ to 62.25€. During the last trading day the stock fluctuated 1.80% from a day low at 61.20€ to a day high of 62.30€. The price has fallen in 6 of the last 10 days and is down by -2.12% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -24 thousand shares and in total, 46 thousand shares were bought and sold for approximately 2.83€ million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.40% during the next 3 months and, with a 90% probability hold a price between 71.80€ and 78.11€ at the end of this 3-month period.
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CGCBV.HE Signals & Forecast
There are few to no technical positive signals at the moment. The Cargotec Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 62.74€ and 63.28€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -4.38%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Cargotec Corporation stock
Cargotec Corporation finds support from accumulated volume at 62.15€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 1.10€ between high and low, or 1.80%. For the last week the stock has had daily average volatility of 2.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CGCBV.HE) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Cargotec Corporation to open at 61.92€, and during the day (based on 14 day Average True Range), to move between 60.56€ and 63.94€, which gives a possible trading interval of +/-1.69€ (+/-2.71%) up or down from last closing price. If Cargotec Corporation takes out the full calculated possible swing range there will be an estimated 5.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 62.15€ (0.16%) than the resistance at 62.50€ (0.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cargotec Corporation stock A Buy?
The Cargotec Corporation stock holds several negative signals and despite the positive trend, we believe Cargotec Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.198 Sell Candidate Unchanged
Predicted Opening Price for Cargotec Corporation of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
61.92€ ( 0.535%) | 62.25€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CGCBV.HE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 63.02 | 1.23 % | |
R2 | 62.60 | 0.557 % | ||
R1 | 62.34 | 0.140 % | ||
Current price: | 62.25 | |||
Support | S1 | 61.50 | -1.21 % | |
S2 | 61.24 | -1.63 % | ||
S3 | 60.82 | -2.30 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 63.25 | 1.61 % | |
R2 | 62.70 | 0.723 % | ||
R1 | 62.50 | 0.402 % | ||
Current price | 62.25 | |||
Support | S1 | 62.15 | -0.161% | |
S2 | 55.55 | -10.76% | ||
S3 | 51.30 | -17.59% |
CGCBV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 31, 2024 | May 31, 2024 | Jun 10, 2024 | 2.15€ | 3.46% |
2 | Mar 24, 2023 | Mar 24, 2023 | Mar 24, 2023 | 1.35€ | 3.26% |
3 | Mar 18, 2022 | Mar 18, 2022 | Mar 18, 2022 | 1.08€ | 3.06% |
4 | Mar 24, 2021 | Mar 24, 2021 | Mar 24, 2021 | 1.08€ | 2.51% |
5 | Sep 30, 2020 | Sep 30, 2020 | Sep 30, 2020 | 0.600€ | 2.04% |
FAQ
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