Cashbuild Limited Stock Forecast
Evaluation of Cashbuild Limited stock downgraded after the last trading session.
(Updated on May 17, 2024)
The Cashbuild Limited stock price fell by -3.85% on the last day (Friday, 17th May 2024) from $14,786.00 to $14,217.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 7.61% from a day low at $14,217.00 to a day high of $15,299.00. The price has fallen in 6 of the last 10 days and is down by -3.29% for this period. Volume has increased on the last day by 46 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 47 thousand shares were bought and sold for approximately $664.94 million.
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 9.26% during the next 3 months and, with a 90% probability hold a price between $14,722.26 and $17,333.98 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.
CSB.JO Signals & Forecast
There are few to no technical positive signals at the moment. The Cashbuild Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $15,114.43 and $14,532.49. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -10.01%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Cashbuild Limited stock
Cashbuild Limited finds support from accumulated volume at $14,000.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1,082.00 between high and low, or 7.61%. For the last week, the stock has had daily average volatility of 4.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CSB.JO) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Cashbuild Limited to open at $14,577.67, and during the day (based on 14 day Average True Range), to move between $13,400.87 and $15,033.13, which gives a possible trading interval of +/-$816.13 (+/-5.74%) up or down from last closing price. If Cashbuild Limited takes out the full calculated possible swing range there will be an estimated 11.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14,400.00 (1.29%) than the support at $14,000.00 (1.53%), 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 Cashbuild Limited stock A Buy?
The Cashbuild Limited stock holds several negative signals and despite the positive trend, we believe Cashbuild Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -5.093 Strong Sell Candidate Downgraded
Predicted Opening Price for Cashbuild Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $14,577.67 ( 2.54%) | $14,217.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSB.JO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15,659.67 | 10.15 % | |
| R2 | 15,246.34 | 7.24 % | ||
| R1 | 14,990.99 | 5.44 % | ||
| Current price: | 14,217.00 | |||
| Support | S1 | 14,164.34 | -0.370 % | |
| S2 | 13,908.99 | -2.17 % | ||
| S3 | 13,495.67 | -5.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15,400.00 | 8.32 % | |
| R2 | 15,200.00 | 6.91 % | ||
| R1 | 14,400.00 | 1.29 % | ||
| Current price | 14,217.00 | |||
| Support | S1 | 14,000.00 | -1.53% | |
| S2 | 13,150.00 | -7.51% | ||
| S3 | 12,815.00 | -9.86% |
CSB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 19, 2024 | Mar 19, 2024 | Mar 25, 2024 | $325.00 | 2.34% |
| 2 | Sep 20, 2023 | Sep 20, 2023 | Sep 20, 2023 | $332.00 | 2.02% |
| 3 | Mar 22, 2023 | Mar 22, 2023 | Mar 22, 2023 | $400.00 | 2.14% |
| 4 | Sep 21, 2022 | Sep 21, 2022 | Sep 21, 2022 | $677.00 | 3.28% |
| 5 | Mar 23, 2022 | Mar 23, 2022 | Mar 23, 2022 | $587.00 | 2.21% |
FAQ
Click here for our free guide on how to buy Cashbuild Limited Stock.
