Capital Appreciation Limited Stock Forecast
Stronger technical forecast for Capital Appreciation Limited stock price after Thursday trading.
(Updated on Jun 27, 2024)
The Capital Appreciation Limited stock price gained 0.84% on the last trading day (Thursday, 27th Jun 2024), rising from $119.00 to $120.00. During the last trading day the stock fluctuated 1.69% from a day low at $118.00 to a day high of $120.00. The price has been going up and down for this period, and there has been a -0.83% loss for the last 2 weeks. Volume fell on the last day by -641 thousand shares and in total, 297 thousand shares were bought and sold for approximately $35.62 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Capital Appreciation Limited stock with a 90% probability to be traded between $114.75 and $127.49 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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CTA.JO Signals & Forecast
Mostly positive signals in the chart today. The Capital Appreciation Limited stock 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 stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $122.57. On a fall, the stock will find some support from the long-term average at approximately $117.83. 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. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 0.84%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Wednesday, April 24, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, April 29, 2024.
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.
Golden Star
The stock had a Golden Star Signal on Wednesday, April 24, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, April 29, 2024.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.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, April 24, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, April 29, 2024.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 Capital Appreciation Limited stock
Capital Appreciation Limited finds support from accumulated volume at $118.00 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 $2.00 between high and low, or 1.69%. For the last week, the stock has had daily average volatility of 5.94%.
Our recommended stop-loss: $113.84 (-5.13%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (CTA.JO) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Capital Appreciation Limited to open at $119.33, and during the day (based on 14 day Average True Range), to move between $115.65 and $124.35, which gives a possible trading interval of +/-$4.35 (+/-3.63%) up or down from last closing price. If Capital Appreciation Limited takes out the full calculated possible swing range there will be an estimated 7.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $121.00 (0.83%) than the support at $118.00 (1.67%), 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 Capital Appreciation Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Capital Appreciation Limited stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.224 Buy Candidate Upgraded
Predicted Opening Price for Capital Appreciation Limited of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
$119.33 ( 0.556%) | $120.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CTA.JO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 121.33 | 1.11% |
R2 | 120.57 | 0.474% |
R1 | 120.10 | 0.0811% |
Price | 120.00 | |
S1 | 118.57 | -1.19% |
S2 | 118.10 | -1.59% |
S3 | 117.33 | -2.22% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 125.00 | 4.17% |
R2 | 124.00 | 3.33% |
R1 | 121.00 | 0.83% |
Price | 120.00 | |
S1 | 118.00 | -1.67% |
S2 | 116.00 | -3.33% |
S3 | 115.00 | -4.17% |
CTA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 26, 2024 | Jun 26, 2024 | Jul 01, 2024 | $5.75 | 4.79% |
2 | Jan 03, 2024 | Jan 03, 2024 | Jan 08, 2024 | $4.25 | 3.40% |
3 | Jun 28, 2023 | Jun 28, 2023 | Jun 28, 2023 | $4.00 | 2.63% |
4 | Dec 21, 2022 | Dec 21, 2022 | Dec 21, 2022 | $4.25 | 2.93% |
5 | Jun 22, 2022 | Jun 22, 2022 | Jun 22, 2022 | $3.75 | 2.12% |
FAQ
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