RSI low/high Values: [ 15 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CTEC.L
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Red day on Wednesday for CHOLESTECH CORPORATION
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 01, 2024 Gain 15.50% PDF

The CHOLESTECH CORPORATION stock price fell by -0.138% on the last day (Wednesday, 27th Mar 2024) from £289.60 to £289.20. During the last trading day the stock fluctuated 1.73% from a day low at £288.60 to a day high of £293.60. The price has been going up and down for this period, and there has been a 2.19% gain for the last 2 weeks. Volume has increased on the last day by 890 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, 5 million shares were bought and sold for approximately £1.51 billion.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £290.35 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 19.32% during the next 3 months and, with a 90% probability hold a price between £307.54 and £346.46 at the end of this 3-month period.

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CTEC.L Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -0.138%. 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. The CHOLESTECH CORPORATION 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 £287.51 and £262.50. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for CHOLESTECH CORPORATION stock

CHOLESTECH CORPORATION finds support from accumulated volume at £280.80 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 £5.00 between high and low, or 1.73%. For the last week, the stock has had daily average volatility of 1.94%.

Our recommended stop-loss: £281.59 (-2.63%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (CTEC.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect CHOLESTECH CORPORATION to open at £290.47, and during the day (based on 14 day Average True Range), to move between £283.26 and £295.14, which gives a possible trading interval of +/-£5.94 (+/-2.06%) up or down from last closing price. If CHOLESTECH CORPORATION takes out the full calculated possible swing range there will be an estimated 4.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £289.60 (0.14%) than the support at £280.80 (2.90%), 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 CHOLESTECH CORPORATION stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CHOLESTECH CORPORATION stock to perform well in the short-term.

Current score: 1.889 Buy Candidate Unchanged

Predicted Opening Price for CHOLESTECH CORPORATION of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£290.47 ( 0.438%) £289.20

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

Trading levels for CTEC.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 295.47 2.17 %
R2 293.56 1.51 %
R1 292.38 1.10 %
Current price: 289.20
Support S1 288.56 -0.222 %
S2 287.38 -0.630 %
S3 285.47 -1.29 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 289.60 0.138 %
Current price 289.20
Support S1 280.80 -2.90%
S2 267.80 -7.40%
S3 246.20 -14.87%

CTEC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 25, 2024 Apr 25, 2024 May 23, 2024 £3.52 1.22%
2 Mar 09, 2023 Apr 06, 2023 May 25, 2023 £3.66 1.75%
3 Aug 04, 2022 Aug 25, 2022 Oct 06, 2022 £1.41 0.668%
4 Mar 08, 2022 Mar 31, 2022 May 19, 2022 £3.16 1.46%
5 Jul 30, 2021 Sep 02, 2021 Oct 14, 2021 £1.23 0.602%

FAQ

What is the symbol for CHOLESTECH CORPORATION Stock and on which exchange is it traded?
The symbol for CHOLESTECH CORPORATION is CTEC.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell CHOLESTECH CORPORATION Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CHOLESTECH CORPORATION stock to perform well in the short-term.

How to buy CHOLESTECH CORPORATION Stock?
CHOLESTECH CORPORATION Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy CHOLESTECH CORPORATION Stock.

What's the current price of CHOLESTECH CORPORATION Stock?
As of the end of day on the 2024-03-27, the price of an CHOLESTECH CORPORATION (CTEC.L) share was £289.20.

What is the 52-week high and low for CHOLESTECH CORPORATION Stock?
The 52-week high for CHOLESTECH CORPORATION Stock is £293.60 and the 52-week low is £195.10.

What is the market capitalization of CHOLESTECH CORPORATION Stock?
As of the 2024-03-27, the market capitalization of CHOLESTECH CORPORATION is 5.896B.

When is the next earnings date for CHOLESTECH CORPORATION?
The upcoming earnings date for CHOLESTECH CORPORATION is Jul 30, 2024.
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About CHOLESTECH CORPORATION

CHOLESTECH CORPORATION ConvaTec Group Plc develops, manufactures, and markets medical products and technologies worldwide. It offers advanced wound dressings and skin care products for the management of acute and chronic wounds resulting from various conditions, such as diabetes, immobility, and venous disease, as well as from traumatic injury, burns, invasive surgery, and other causes. The company also provides devices, accessories, and services for people with a stom... CTEC.L Profile

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