Contl Ag Bearer Shs Stock Forecast
Red day on Monday for Contl Ag Bearer Shs
(Updated on Jun 03, 2024)
The Contl Ag Bearer Shs stock price fell by -0.148% on the last day (Monday, 3rd Jun 2024) from $6.76 to $6.75. During the last trading day the stock fluctuated 2.87% from a day low at $6.62 to a day high of $6.81. The price has fallen in 6 of the last 10 days but is still up by 0.45% over the past 2 weeks. Volume has increased on the last day by 40 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, 122 thousand shares were bought and sold for approximately $820.17 thousand.
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 $6.82 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 -14.01% during the next 3 months and, with a 90% probability hold a price between $5.19 and $5.86 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
The Contl Ag Bearer Shs stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $6.62 and $6.63. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 5.14%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Contl Ag Bearer Shs gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Contl Ag Bearer Shs stock
Contl Ag Bearer Shs finds support from accumulated volume at $6.67 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 $0.190 between high and low, or 2.87%. For the last week the stock has had daily average volatility of 1.50%.
Our recommended stop-loss: $6.54 (-3.17%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (CTTAY) For The Upcoming Trading Day Of Tuesday 4th
For the upcoming trading day on Tuesday, 4th we expect Contl Ag Bearer Shs to open at $6.73, and during the day (based on 14 day Average True Range), to move between $6.60 and $6.90, which gives a possible trading interval of +/-$0.145 (+/-2.15%) 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 4.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.67 (1.19%) than the resistance at $6.91 (2.37%), 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 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: -0.381 Hold/Accumulate Unchanged
Predicted Opening Price for Contl Ag Bearer Shs of Tuesday, June 4, 2024
| Fair opening price June 4, 2024 | Current price |
|---|---|
| $6.73 ( 0.346%) | $6.75 |
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 | 6.92 | 2.47 % | |
| R2 | 6.84 | 1.39 % | ||
| R1 | 6.80 | 0.730 % | ||
| Current price: | 6.75 | |||
| Support | S1 | 6.65 | -1.42 % | |
| S2 | 6.61 | -2.09 % | ||
| S3 | 6.54 | -3.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.24 | 7.26 % | |
| R2 | 7.16 | 6.07 % | ||
| R1 | 6.91 | 2.37 % | ||
| Current price | 6.75 | |||
| Support | S1 | 6.67 | -1.19% | |
| S2 | 6.56 | -2.81% | ||
| S3 | 6.55 | -2.96% |
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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