Callidus Software Fund Forecast
Red day on Thursday for Callidus Software fund after losing 0%
(Updated on Apr 19, 2018)
No changes to the price of Callidus Software fund on the last trading day (Thursday, 19th Apr 2018). During the last trading day the fund fluctuated 0% from a day low at $36.00 to a day high of $36.00. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the fund is expected to rise 6.75% during the next 3 months and, with a 90% probability hold a price between $35.53 and $39.86 at the end of this 3-month period.
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CALD Signals & Forecast
The Callidus Software fund 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 $36.00 and $35.96. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, April 18, 2018, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Callidus Software fund
Callidus Software finds support from accumulated volume at $35.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund 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 fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: $34.56 (-4.00%) (This fund has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (CALD) For The Upcoming Trading Day Of Friday 20th
For the upcoming trading day on Friday, 20th we expect Callidus Software to open at $36.00, and during the day (based on 14 day Average True Range), to move between $35.95 and $36.05, which gives a possible trading interval of +/-$0.0520 (+/-0.14%) up or down from last closing price. If Callidus Software takes out the full calculated possible swing range there will be an estimated 0.29% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $35.95, some $0.0500 (0.14%) from the current price of $36.00, our system finds the risk reward attractive.
Is Callidus Software fund A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Callidus Software fund to perform well in the short-term.
Current score: 1.770 Buy Candidate Unchanged
Predicted Opening Price for Callidus Software of Friday, April 20, 2018
| Fair opening price April 20, 2018 | Current price |
|---|---|
| $36.00 ( 0%) | $36.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CALD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.00 | . | |
| R2 | 36.00 | . | ||
| R1 | 36.00 | . | ||
| Current price: | 36.00 | |||
| Support | S1 | 36.00 | . | |
| S2 | 36.00 | . | ||
| S3 | 36.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 36.00 | |||
| Support | S1 | 35.95 | -0.139% | |
| S2 | 35.90 | -0.278% | ||
| S3 | 35.80 | -0.556% |
FAQ
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