Caspian Sunrise Plc Stock Forecast
On Monday, Caspian Sunrise Plc stock price gained an impressive 5.45%
(Updated on Apr 22, 2024)
The Caspian Sunrise Plc stock price gained 5.45% on the last trading day (Monday, 22nd Apr 2024), rising from £2.75 to £2.90. During the last trading day the stock fluctuated 7.91% from a day low at £2.78 to a day high of £3.00. The price has fallen in 7 of the last 10 days and is down by -19.19% for this period. Volume fell on the last day by -5 million shares and in total, 747 thousand shares were bought and sold for approximately £2.17 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £2.70 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 34.04% during the next 3 months and, with a 90% probability hold a price between £3.62 and £5.71 at the end of this 3-month period.
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CASP.L Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Caspian Sunrise Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £3.06 and £3.01. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -28.40%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Caspian Sunrise Plc stock
Caspian Sunrise Plc finds support from accumulated volume at £2.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved £0.220 between high and low, or 7.91%. For the last week, the stock has had daily average volatility of 7.90%.
Caspian Sunrise Plc is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CASP.L) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Caspian Sunrise Plc to open at £2.89, and during the day (based on 14 day Average True Range), to move between £2.62 and £3.18, which gives a possible trading interval of +/-£0.278 (+/-9.59%) up or down from last closing price. If Caspian Sunrise Plc takes out the full calculated possible swing range there will be an estimated 19.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £3.00 (3.45%) than the support at £2.80 (3.45%), 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 Caspian Sunrise Plc stock A Buy?
The Caspian Sunrise Plc stock holds several negative signals and despite the positive trend, we believe Caspian Sunrise Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.929 Sell Candidate Upgraded
Predicted Opening Price for Caspian Sunrise Plc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| £2.89 ( 0.230%) | £2.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CASP.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.11 | 7.36 % | |
| R2 | 3.03 | 4.46 % | ||
| R1 | 2.98 | 2.67 % | ||
| Current price: | 2.90 | |||
| Support | S1 | 2.81 | -3.13 % | |
| S2 | 2.76 | -4.92 % | ||
| S3 | 2.67 | -7.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.59 | 23.74 % | |
| R2 | 3.40 | 17.24 % | ||
| R1 | 3.00 | 3.45 % | ||
| Current price | 2.90 | |||
| Support | S1 | 2.80 | -3.45% | |
| S2 | 2.75 | -5.17% | ||
| S3 | 2.55 | -12.07% |
CASP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2023 | Mar 02, 2023 | Mar 23, 2023 | £0.0444 | 0.694% |
| 2 | Jan 12, 2023 | Jan 19, 2023 | Feb 16, 2023 | £0.0444 | 0.634% |
| 3 | Dec 05, 2022 | Dec 15, 2022 | Jan 16, 2023 | £0.0444 | 0.86% |
| 4 | Nov 04, 2022 | Nov 17, 2022 | Dec 16, 2022 | £0.0444 | 1.07% |
FAQ
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