Caspian Sunrise Plc Stock Forecast

Caspian Sunrise Plc stock price down 0% on Wednesday
(Updated on Apr 24, 2024)

CASP.L Signals & Forecast

The volume rose on the last day while price remained unchanged. This may be an early warning and 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. 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 £2.96 and £3.03. 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 -27.16%. 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

On the downside, the stock finds support just below today's level from accumulated volume at £2.80 and £2.75. 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, Caspian Sunrise Plc finds support just below today's level at £2.80. If this is broken, then the next support from accumulated volume will be at £2.75 and £2.55.

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 £0.179 between high and low, or 6.25%. For the last week, the stock has had daily average volatility of 8.72%.

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 Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Caspian Sunrise Plc to open at £2.95, and during the day (based on 14 day Average True Range), to move between £2.68 and £3.22, which gives a possible trading interval of +/-£0.272 (+/-9.22%) up or down from last closing price. If Caspian Sunrise Plc takes out the full calculated possible swing range there will be an estimated 18.44% 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 (1.69%) than the support at £2.80 (5.08%), 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.

Current score: -4.401 Sell Candidate Unchanged

Predicted Opening Price for Caspian Sunrise Plc of Thursday, April 25, 2024

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