Contl Ag Bearer Shs Stock Forecast
Contl Ag Bearer Shs stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 24, 2024)
The Contl Ag Bearer Shs stock price gained 1.23% on the last trading day (Friday, 24th May 2024), rising from $6.48 to $6.56. During the last trading day the stock fluctuated 0.92% from a day low at $6.53 to a day high of $6.59. The price has been going up and down for this period, and there has been a 0.61% gain for the last 2 weeks. Volume fell on the last day by -44 thousand shares and in total, 79 thousand shares were bought and sold for approximately $517.60 thousand. 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 lies the upper part of a wide and falling 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 $6.69 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -17.66% during the next 3 months and, with a 90% probability hold a price between $4.97 and $5.51 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CTTAY Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 2.18%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Contl Ag Bearer Shs stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $6.63 and $6.70. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Contl Ag Bearer Shs stock
Contl Ag Bearer Shs finds support from accumulated volume at $6.55 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0600 between high and low, or 0.92%. For the last week the stock has had daily average volatility of 1.66%
Our recommended stop-loss: $6.22 (-5.14%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (CTTAY) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Contl Ag Bearer Shs to open at $6.56, and during the day (based on 14 day Average True Range), to move between $6.42 and $6.70, which gives a possible trading interval of +/-$0.136 (+/-2.07%) up or down from last closing price. If Contl Ag Bearer Shs takes out the full calculated possible swing range there will be an estimated 4.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.55 (0.15%) than the resistance at $6.91 (5.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Contl Ag Bearer Shs stock A Buy?
Contl Ag Bearer Shs holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.739 Hold/Accumulate Upgraded
Predicted Opening Price for Contl Ag Bearer Shs of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $6.56 ( 0%) | $6.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CTTAY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.62 | 0.91 % | |
| R2 | 6.60 | 0.565 % | ||
| R1 | 6.58 | 0.349 % | ||
| Current price: | 6.56 | |||
| Support | S1 | 6.54 | -0.349 % | |
| S2 | 6.52 | -0.565 % | ||
| S3 | 6.50 | -0.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.24 | 10.37 % | |
| R2 | 7.16 | 9.15 % | ||
| R1 | 6.91 | 5.34 % | ||
| Current price | 6.56 | |||
| Support | S1 | 6.55 | -0.152% | |
| S2 | 6.48 | -1.22% | ||
| S3 | 6.48 | -1.22% |
CTTAY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 09, 2024 | $0.157 | 2.39% |
| 2 | Jul 30, 2023 | May 01, 2023 | May 10, 2023 | $0.161 | 2.24% |
| 3 | May 02, 2022 | May 02, 2022 | May 11, 2022 | $0.245 | 3.72% |
| 4 | Jul 15, 2020 | Jul 15, 2020 | Jul 15, 2020 | $0.337 | 3.44% |
| 5 | Apr 29, 2019 | Apr 29, 2019 | Apr 29, 2019 | $0.538 | 3.21% |
FAQ
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