Consilium Acquisition Corp I, Ltd. Stock Forecast
Red day on Monday for Consilium Acquisition Corp I, Ltd.
(Updated on Jun 24, 2024)
No changes to the price of Consilium Acquisition Corp I, Ltd. stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $11.21 to a day high of $11.21. The price has been going up and down for this period, and there has been a 0.18% gain for the last 2 weeks.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Consilium Acquisition Corp I, Ltd. stock with a 90% probability to be traded between $11.33 and $11.42 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CSLM Signals & Forecast
The Consilium Acquisition Corp I, Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $11.20 and $11.16. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 Tuesday, June 11, 2024, and so far it has fallen -0.0891%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Consilium Acquisition Corp I, Ltd. stock
Consilium Acquisition Corp I, Ltd. finds support from accumulated volume at $11.14 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 with good liquidity the risk is considered very low in this 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 0%.
Our recommended stop-loss: $10.79 (-3.78%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (CSLM) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Consilium Acquisition Corp I, Ltd. to open at $11.21, and during the day (based on 14 day Average True Range), to move between $11.18 and $11.24, which gives a possible trading interval of +/-$0.0309 (+/-0.28%) up or down from last closing price. If Consilium Acquisition Corp I, Ltd. takes out the full calculated possible swing range there will be an estimated 0.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.22 (0.09%) than the support at $11.14 (0.62%), 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 Consilium Acquisition Corp I, Ltd. stock A Buy?
Consilium Acquisition Corp I, Ltd. 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: 0.414 Hold/Accumulate Unchanged
Predicted Opening Price for Consilium Acquisition Corp I, Ltd. of Tuesday, June 25, 2024
Fair opening price June 25, 2024 | Current price |
---|---|
$11.21 ( 0%) | $11.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSLM
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 11.21 | - |
R2 | 11.21 | - |
R1 | 11.21 | - |
Price | 11.21 | |
S1 | 11.21 | - |
S2 | 11.21 | - |
S3 | 11.21 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 11.22 | 0.0892% |
Price | 11.21 | |
S1 | 11.14 | -0.624% |
S2 | 11.10 | -0.98% |
S3 | 11.05 | -1.43% |
FAQ
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