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RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CMCL.L
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Red day on Thursday for Caledonia Mining Corporation PLC
(Updated on May 09, 2024)

Sell candidate since May 08, 2024 PDF

No changes to the price of Caledonia Mining Corporation PLC stock on the last trading day (Thursday, 9th May 2024). During the last trading day the stock fluctuated 0% from a day low at £791.00 to a day high of £791.00. The price has been going up and down for this period, and there has been a -3.54% loss for the last 2 weeks.

The stock lies in the middle of a wide and weak 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 5.14% during the next 3 months and, with a 90% probability hold a price between £790.98 and £928.28 at the end of this 3-month period.

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CMCL.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 08, 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 Caledonia Mining Corporation PLC 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 £811.00 and £836.58. 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 Caledonia Mining Corporation PLC stock

Caledonia Mining Corporation PLC finds support from accumulated volume at £785.00 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 3.47%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CMCL.L) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Caledonia Mining Corporation PLC to open at £791.00, and during the day (based on 14 day Average True Range), to move between £760.94 and £821.06, which gives a possible trading interval of +/-£30.06 (+/-3.80%) up or down from last closing price. If Caledonia Mining Corporation PLC takes out the full calculated possible swing range there will be an estimated 7.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £785.00 (0.76%) than the resistance at £815.00 (3.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Earnings coming up

Caledonia Mining Corporation PLC will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Caledonia Mining Corporation PLC, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.36% in the first trading day after earnings release.

Is Caledonia Mining Corporation PLC stock A Buy?

The Caledonia Mining Corporation PLC stock holds several negative signals and despite the positive trend, we believe Caledonia Mining Corporation PLC will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.245 Sell Candidate Unchanged

Predicted Opening Price for Caledonia Mining Corporation PLC of Friday, May 10, 2024

Fair opening price May 10, 2024 Current price
£791.00 ( 0%) £791.00

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

Trading levels for CMCL.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 791.00 .
R2 791.00 .
R1 791.00 .
Current price: 791.00
Support S1 791.00 .
S2 791.00 .
S3 791.00 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 850.00 7.46 %
R2 825.00 4.30 %
R1 815.00 3.03 %
Current price 791.00
Support S1 785.00 -0.759%
S2 750.00 -5.18%
S3 720.00 -8.98%

CMCL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 11, 2024 Apr 11, 2024 Apr 26, 2024 £11.09 1.37%
2 Jan 11, 2024 Jan 11, 2024 Jan 11, 2024 £0 0%
3 Oct 12, 2023 Oct 12, 2023 Oct 12, 2023 £14.00 1.59%
4 Jul 13, 2023 Jul 13, 2023 Jul 13, 2023 £14.00 1.43%
5 Apr 13, 2023 Apr 13, 2023 Apr 13, 2023 £14.00 1.04%

FAQ

What is the symbol for Caledonia Mining Corporation PLC Stock and on which exchange is it traded?
The symbol for Caledonia Mining Corporation PLC is CMCL.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Caledonia Mining Corporation PLC Stock?
The Caledonia Mining Corporation PLC stock holds several negative signals and despite the positive trend, we believe Caledonia Mining Corporation PLC will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Caledonia Mining Corporation PLC Stock?
Caledonia Mining Corporation PLC Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Caledonia Mining Corporation PLC Stock.

What's the current price of Caledonia Mining Corporation PLC Stock?
As of the end of day on the May 09, 2024, the price of an Caledonia Mining Corporation PLC (CMCL.L) share was £791.00.

What is the 52-week high and low for Caledonia Mining Corporation PLC Stock?
The 52-week high for Caledonia Mining Corporation PLC Stock is £1,130.00 and the 52-week low is £600.00.

What is the market capitalization of Caledonia Mining Corporation PLC Stock?
As of the May 09, 2024, the market capitalization of Caledonia Mining Corporation PLC is 151.832M.

When is the next earnings date for Caledonia Mining Corporation PLC?
The upcoming earnings date for Caledonia Mining Corporation PLC is May 13, 2024.
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About Caledonia Mining Corporation PLC

Caledonia Mining  PLC Caledonia Mining Corporation Plc primarily engages in the operation of a gold mine. It also explores for and develops mineral properties for precious metals. The company holds 64% interest in the Blanket Mine, a gold mine located in Matabeleland South Province, Zimbabwe. It also has an agreement to purchase 100% ownership in the Maligreen project, a brownfield gold exploration project located in Gweru mining district in the Zimbabwe Midlands. The... CMCL.L Profile

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