CAE Inc Stock Forecast
Red day on Thursday for CAE Inc
(Updated on Apr 25, 2024)
The CAE Inc stock price fell by -1.94% on the last day (Thursday, 25th Apr 2024) from $19.12 to $18.75. During the last trading day the stock fluctuated 2.76% from a day low at $18.46 to a day high of $18.97. The price has fallen in 6 of the last 10 days and is down by -4.68% for this period. Volume has increased on the last day by 299 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, 640 thousand shares were bought and sold for approximately $11.99 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.90% during the next 3 months and, with a 90% probability hold a price between $17.52 and $20.34 at the end of this 3-month period.
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CAE Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 1.13%. 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. The CAE Inc 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 $18.80 and $19.69. A break-up above any of these levels will issue buy signals. 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.
A buy signal from a double bottom formation was found on Monday, April 22, 2024 and based on theory for this formation the price should go up by 17.77% to $22.08 within 37 trading days since signal was issued (Friday, April 26, 2024).
Support, Risk & Stop-loss for CAE Inc stock
CAE Inc finds support from accumulated volume at $18.64 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 $0.510 between high and low, or 2.76%. For the last week, the stock has had daily average volatility of 1.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CAE) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect CAE Inc to open at $18.73, and during the day (based on 14 day Average True Range), to move between $18.32 and $19.18, which gives a possible trading interval of +/-$0.435 (+/-2.32%) up or down from last closing price. If CAE Inc takes out the full calculated possible swing range there will be an estimated 4.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.64 (0.59%) than the resistance at $18.91 (0.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CAE Inc stock A Buy?
CAE Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.003 Sell Candidate Unchanged
Predicted Opening Price for CAE Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $18.73 ( 0.124%) | $18.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CAE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.24 | 2.60 % | |
| R2 | 19.04 | 1.56 % | ||
| R1 | 18.92 | 0.91 % | ||
| Current price: | 18.75 | |||
| Support | S1 | 18.53 | -1.16 % | |
| S2 | 18.41 | -1.81 % | ||
| S3 | 18.22 | -2.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.01 | 1.39 % | |
| R2 | 18.92 | 0.91 % | ||
| R1 | 18.91 | 0.85 % | ||
| Current price | 18.75 | |||
| Support | S1 | 18.64 | -0.587% | |
| S2 | 18.57 | -0.96% | ||
| S3 | 18.54 | -1.12% |
CAE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 10, 2020 | Mar 12, 2020 | Mar 31, 2020 | $0.0800 | 0.634% |
| 2 | Nov 13, 2019 | Dec 12, 2019 | Dec 31, 2019 | $0.0830 | 0.314% |
| 3 | Aug 14, 2019 | Sep 12, 2019 | Sep 30, 2019 | $0.0830 | 0.327% |
| 4 | May 20, 2019 | Jun 13, 2019 | Jun 28, 2019 | $0.0750 | 0.279% |
| 5 | Aug 14, 2018 | Sep 13, 2018 | Sep 28, 2018 | $0.0770 | 0.379% |
FAQ
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