Caledonian Trust PLC Trust Forecast

Evaluation of Caledonian Trust PLC trust downgraded after the last trading session.
(Updated on Jul 02, 2024)

CNN.L Signals & Forecast

The Caledonian Trust PLC trust 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 trust giving a positive forecast for the stock. On further gains, the trust will meet resistance from the short-term Moving Average at approximately £130.30. On a fall, the trust will find some support from the long-term average at approximately £112.29. 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 Monday, July 01, 2024, and so far it has fallen 0%. 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 Caledonian Trust PLC trust

On the downside, the trust finds support just below today's level from accumulated volume at £120.00 and £120.00. There is a natural risk involved when a trust is testing a support level, since if this is broken, the trust then may fall to the next support level. In this case, Caledonian Trust PLC finds support just below today's level at £120.00. If this is broken, then the next support from accumulated volume will be at £120.00 and £100.00.

In general the trust 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 trust During the last day, the trust moved £0 between high and low, or 0%. For the last week the trust has had daily average volatility of 3.57%

Our recommended stop-loss: £123.67 (-3.68%) (This trust has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (CNN.L) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Caledonian Trust PLC to open at £128.40, and during the day (based on 14 day Average True Range), to move between £116.83 and £139.97, which gives a possible trading interval of +/-£11.57 (+/-9.01%) up or down from last closing price. If Caledonian Trust PLC takes out the full calculated possible swing range there will be an estimated 18.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £130.00 (1.25%) than the support at £120.00 (6.54%), 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 Caledonian Trust PLC trust A Buy?

Caledonian Trust 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this trust since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.061 Hold/Accumulate Downgraded

Predicted Opening Price for Caledonian Trust PLC of Wednesday, July 3, 2024

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