Caledonia Investments PLC Stock Forecast

Caledonia Investments PLC stock price ended at £3,450.00 on Monday, after losing 0%.
(Updated on Apr 22, 2024)

CLDN.L Signals & Forecast

The Caledonia Investments PLC stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £3,455.71. On a fall, the stock will find some support from the long-term average at approximately £3,321.00. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -0.576%. Further fall is indicated until a new bottom pivot has been found. 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 Caledonia Investments PLC stock

Caledonia Investments PLC finds support from accumulated volume at £3,375.00 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 1.05%

The Caledonia Investments PLC stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: £3,326.23 (-3.59%) (This stock has low daily movements and this gives low risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (CLDN.L) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Caledonia Investments PLC to open at £3,450.00, and during the day (based on 14 day Average True Range), to move between £3,402.97 and £3,497.03, which gives a possible trading interval of +/-£47.03 (+/-1.36%) up or down from last closing price. If Caledonia Investments PLC takes out the full calculated possible swing range there will be an estimated 2.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £3,460.00 (0.29%) than the support at £3,375.00 (2.17%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Caledonia Investments PLC stock A Buy?

Caledonia Investments PLC holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.383 Hold/Accumulate Unchanged

Predicted Opening Price for Caledonia Investments PLC of Tuesday, April 23, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.