Cardinal Energy Ltd. Stock Forecast
Cardinal Energy Ltd. stock price down 0% on Monday
(Updated on Jun 17, 2024)
No changes to the price of Cardinal Energy Ltd. stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $6.62 to a day high of $6.62. The price has fallen in 6 of the last 10 days and is down by -1.19% for this period.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $6.57 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.98% during the next 3 months and, with a 90% probability hold a price between $6.31 and $6.91 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CJ.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cardinal Energy Ltd. 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 $6.73 and $6.87. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Cardinal Energy Ltd. stock
Cardinal Energy Ltd. finds support from accumulated volume at $6.61 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.42%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CJ.TO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Cardinal Energy Ltd. to open at $6.62, and during the day (based on 14 day Average True Range), to move between $6.50 and $6.74, which gives a possible trading interval of +/-$0.125 (+/-1.88%) up or down from last closing price. If Cardinal Energy Ltd. takes out the full calculated possible swing range there will be an estimated 3.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.61 (0.15%) than the resistance at $6.91 (4.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cardinal Energy Ltd. stock A Buy?
Cardinal Energy Ltd. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.153 Sell Candidate Unchanged
Predicted Opening Price for Cardinal Energy Ltd. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $6.62 ( 0%) | $6.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CJ.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.62 | - |
| R2 | 6.62 | - |
| R1 | 6.62 | - |
| Price | 6.62 | |
| S1 | 6.62 | - |
| S2 | 6.62 | - |
| S3 | 6.62 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.08 | 6.95% |
| R2 | 7.06 | 6.65% |
| R1 | 6.91 | 4.38% |
| Price | 6.62 | |
| S1 | 6.61 | -0.151% |
| S2 | 0 | - |
| S3 | 0 | - |
CJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.0600 | 0.90% |
| 2 | May 31, 2024 | May 31, 2024 | Jun 14, 2024 | $0.0600 | 0.91% |
| 3 | Apr 29, 2024 | Apr 29, 2024 | May 15, 2024 | $0.0600 | 0.88% |
| 4 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0600 | 0.86% |
| 5 | Feb 12, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.0600 | 0.89% |
FAQ
Click here for our free guide on how to buy Cardinal Energy Ltd. Stock.
