RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CAAP
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Green day on Thursday for Corporacion America Airports S.A. stock after gaining 3.77%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 21, 2024 Gain 6.87% PDF

The Corporacion America Airports S.A. stock price gained 3.77% on the last trading day (Thursday, 28th Mar 2024), rising from $16.19 to $16.80. During the last trading day the stock fluctuated 6.47% from a day low at $16.24 to a day high of $17.29. The price has risen in 6 of the last 10 days and is up by 13.06% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 322 thousand more shares were traded than the day before. In total, 443 thousand shares were bought and sold for approximately $7.44 million.

Given the current short-term trend, the stock is expected to fall -6.29% during the next 3 months and, with a 90% probability hold a price between $12.89 and $15.74 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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CAAP Signals & Forecast

Mostly positive signals in the chart today. The Corporacion America Airports S.A. 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 $16.09 and $15.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 11, 2024, and so far it has risen 20.09%. 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 is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Corporacion America Airports S.A. stock

On the downside, the stock finds support just below today's level from accumulated volume at $15.75 and $15.72. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Corporacion America Airports S.A. finds support just below today's level at $15.75. If this is broken, then the next support from accumulated volume will be at $15.72 and $14.52.

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 $1.05 between high and low, or 6.47%. For the last week, the stock has had daily average volatility of 3.58%.

The Corporacion America Airports S.A. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $16.24 (-3.34%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (CAAP) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Corporacion America Airports S.A. to open at $16.78, and during the day (based on 14 day Average True Range), to move between $16.22 and $17.38, which gives a possible trading interval of +/-$0.584 (+/-3.47%) up or down from last closing price. If Corporacion America Airports S.A. takes out the full calculated possible swing range there will be an estimated 6.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $16.81 (0.06%) than the support at $15.75 (6.25%), 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 Corporacion America Airports S.A. stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 3.570 Buy Candidate Unchanged

Predicted Opening Price for Corporacion America Airports S.A. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$16.78 ( 0.139%) $16.80

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

Trading levels for CAAP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 17.83 6.11 %
R2 17.43 3.72 %
R1 17.18 2.25 %
Current price: 16.80
Support S1 16.38 -2.53 %
S2 16.13 -4.00 %
S3 15.73 -6.39 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 17.21 2.44 %
R1 16.81 0.0595 %
Current price 16.80
Support S1 15.75 -6.25%
S2 15.72 -6.43%
S3 14.52 -13.57%

FAQ

What is the symbol for Corporacion America Airports S.A. Stock and on which exchange is it traded?
The symbol for Corporacion America Airports S.A. is CAAP and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Corporacion America Airports S.A. Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy Corporacion America Airports S.A. Stock?
Corporacion America Airports S.A. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Corporacion America Airports S.A. Stock.

What's the current price of Corporacion America Airports S.A. Stock?
As of the end of day on the 2024-03-28, the price of an Corporacion America Airports S.A. (CAAP) share was $16.80.

What is the 52-week high and low for Corporacion America Airports S.A. Stock?
The 52-week high for Corporacion America Airports S.A. Stock is $17.57 and the 52-week low is $9.88.

What is the market capitalization of Corporacion America Airports S.A. Stock?
As of the 2024-03-28, the market capitalization of Corporacion America Airports S.A. is 2.702B.

When is the next earnings date for Corporacion America Airports S.A.?
The upcoming earnings date for Corporacion America Airports S.A. is May 28, 2024.
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About Corporacion America Airports S.A.

Corporación América Airports S.A., through its subsidiaries, acquires, develops, and operates airport concessions. It operates 53 airports in Latin America, Europe, and Eurasia. The company was formerly known as A.C.I. Airports International S.à r.l. The company was founded in 1998 and is headquartered in Luxembourg City, Luxembourg. Corporación América Airports S.A. is a subsidiary of A.C.I. Airports S.à r.l.... CAAP Profile

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