RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CTLT
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Green day on Wednesday for Catalent Inc stock after gaining 0.391%
(Updated on Mar 27, 2024)

Sell candidate since Mar 25, 2024 Gain 0.14% PDF

The Catalent Inc stock price gained 0.391% on the last trading day (Wednesday, 27th Mar 2024), rising from $56.26 to $56.48. During the last trading day the stock fluctuated 0.659% from a day low at $56.14 to a day high of $56.51. The price has fallen in 7 of the last 10 days and is down by -0.21% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 451 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $88.58 million.

The stock lies in the lower part of a 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 $54.15 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 22.23% during the next 3 months and, with a 90% probability hold a price between $66.19 and $81.91 at the end of this 3-month period.

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CTLT Signals & Forecast

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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Catalent Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $56.93. On a fall, the stock will find some support from the short-term average at $56.09. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, February 05, 2024, and so far it has fallen -5.58%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Catalent Inc stock

Catalent Inc finds support from accumulated volume at $56.24 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.370 between high and low, or 0.659%. For the last week the stock has had daily average volatility of 0.82%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CTLT) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Catalent Inc to open at $56.38, and during the day (based on 14 day Average True Range), to move between $55.81 and $57.15, which gives a possible trading interval of +/-$0.668 (+/-1.18%) up or down from last closing price. If Catalent Inc takes out the full calculated possible swing range there will be an estimated 2.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $56.50 (0.04%) than the support at $56.24 (0.42%), 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 Catalent Inc stock A Buy?

Catalent Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.714 Sell Candidate Unchanged

Predicted Opening Price for Catalent Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$56.38 ( 0.183%) $56.48

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

Trading levels for CTLT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 56.75 0.472 %
R2 56.61 0.222 %
R1 56.52 0.0673 %
Current price: 56.48
Support S1 56.24 -0.433 %
S2 56.15 -0.588 %
S3 56.01 -0.84 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 59.82 5.91 %
R2 58.46 3.51 %
R1 56.50 0.0354 %
Current price 56.48
Support S1 56.24 -0.425%
S2 54.51 -3.49%
S3 49.41 -12.52%

FAQ

What is the symbol for Catalent Inc Stock and on which exchange is it traded?
The symbol for Catalent Inc is CTLT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Catalent Inc Stock?
Catalent Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Catalent Inc Stock?
Catalent Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Catalent Inc Stock.

What's the current price of Catalent Inc Stock?
As of the end of day on the 2024-03-27, the price of an Catalent Inc (CTLT) share was $56.48.

What is the 52-week high and low for Catalent Inc Stock?
The 52-week high for Catalent Inc Stock is $68.08 and the 52-week low is $31.46.

What is the market capitalization of Catalent Inc Stock?
As of the 2024-03-27, the market capitalization of Catalent Inc is 10.208B.

When is the next earnings date for Catalent Inc?
The upcoming earnings date for Catalent Inc is May 17, 2024.
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About Catalent Inc

Catalent Catalent, Inc., together with its subsidiaries, develops and manufactures solutions for drugs, protein-based biologics, cell and gene therapies, and consumer health products worldwide. It operates through four segments: Biologics, Softgel and Oral Technologies, Oral and Specialty Delivery, and Clinical Supply Services. The Softgel and Oral Technologies segment provides formulation, development, and manufacturing services for soft capsules for use... CTLT Profile

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