Cementos Pacasmayo SAA Stock Forecast

Red day on Friday for Cementos Pacasmayo SAA
(Updated on Apr 19, 2024)

CPAC Signals & Forecast

There are mixed signals in the stock today. The Cementos Pacasmayo SAA stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $5.85. On a fall, the stock will find some support from the short-term average at $5.19. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Cementos Pacasmayo SAA gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.75%. Further rise is indicated until a new top pivot has been found. The stock had a Golden Star Signal on Thursday, January 18, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Cementos Pacasmayo SAA stock

Cementos Pacasmayo SAA finds support from accumulated volume at $5.17 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.196 between high and low, or 3.80%. For the last week, the stock has had daily average volatility of 1.89%.

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

Trading Expectations (CPAC) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Cementos Pacasmayo SAA to open at $5.24, and during the day (based on 14 day Average True Range), to move between $5.01 and $5.45, which gives a possible trading interval of +/-$0.218 (+/-4.16%) up or down from last closing price. If Cementos Pacasmayo SAA takes out the full calculated possible swing range there will be an estimated 8.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $5.28 (0.96%) than the support at $5.17 (1.15%), 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 Cementos Pacasmayo SAA stock A Buy?

Cementos Pacasmayo SAA holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.856 Sell Candidate Unchanged

Predicted Opening Price for Cementos Pacasmayo SAA of Monday, April 22, 2024

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