CACI International Inc Stock Forecast
On Thursday, CACI International Inc stock price gained an impressive 5.93%
(Updated on Apr 25, 2024)
The CACI International Inc stock price gained 5.93% on the last trading day (Thursday, 25th Apr 2024), rising from $379.38 to $401.87. During the last trading day the stock fluctuated 4.95% from a day low at $384.80 to a day high of $403.85. The price has risen in 6 of the last 10 days and is up by 9.27% 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, 138 thousand more shares were traded than the day before. In total, 294 thousand shares were bought and sold for approximately $118.05 million.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $393.97, a level that may pose a second chance to hit a runner. According to fan-theory $422.87 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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CACI Signals & Forecast
The CACI International Inc 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 $376.53 and $372.93. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 10.86%. 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 CACI International Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $379.38 and $373.99. 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, CACI International Inc finds support just below today's level at $379.38. If this is broken, then the next support from accumulated volume will be at $373.99 and $342.33.
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 $19.05 between high and low, or 4.95%. For the last week the stock has had daily average volatility of 2.34%.
Our recommended stop-loss: $387.40 (-3.60%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (CACI) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect CACI International Inc to open at $396.84, and during the day (based on 14 day Average True Range), to move between $394.52 and $409.22, which gives a possible trading interval of +/-$7.35 (+/-1.83%) up or down from last closing price. If CACI International Inc takes out the full calculated possible swing range there will be an estimated 3.66% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $379.38, some $22.49 (5.60%) from the current price of $401.87, our system finds the risk reward attractive.
Is CACI International Inc stock A Buy?
CACI International Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for CACI International Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $396.84 ( 1.25%) | $401.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CACI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 415.89 | 3.49 % | |
| R2 | 408.61 | 1.68 % | ||
| R1 | 404.12 | 0.559 % | ||
| Current price: | 401.87 | |||
| Support | S1 | 389.56 | -3.06 % | |
| S2 | 385.07 | -4.18 % | ||
| S3 | 377.79 | -5.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 401.87 | |||
| Support | S1 | 379.38 | -5.60% | |
| S2 | 373.99 | -6.94% | ||
| S3 | 342.33 | -14.82% |
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