CAE Inc Stock Forecast
CAE Inc stock price up 2.94% on Tuesday
(Updated on Apr 23, 2024)
The CAE Inc stock price gained 2.94% on the last trading day (Tuesday, 23rd Apr 2024), rising from $18.54 to $19.09. During the last trading day the stock fluctuated 2.74% from a day low at $18.58 to a day high of $19.09. The price has fallen in 7 of the last 10 days and is down by -4.38% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 136 thousand more shares were traded than the day before. In total, 554 thousand shares were bought and sold for approximately $10.57 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 -2.73% during the next 3 months and, with a 90% probability hold a price between $17.60 and $19.92 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 2.94%. Further rise is indicated until a new top pivot has been found. 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 CAE 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 $19.71. On a fall, the stock will find some support from the short-term average at $18.83. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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 15.71% to $22.08 within 37 trading days since signal was issued (Wednesday, April 24, 2024).
Support, Risk & Stop-loss for CAE Inc stock
CAE Inc finds support from accumulated volume at $19.01 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 2.74%. For the last week, the stock has had daily average volatility of 1.91%.
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 Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect CAE Inc to open at $18.92, and during the day (based on 14 day Average True Range), to move between $18.67 and $19.50, which gives a possible trading interval of +/-$0.418 (+/-2.19%) up or down from last closing price. If CAE Inc takes out the full calculated possible swing range there will be an estimated 4.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.13 (0.24%) than the support at $19.01 (0.39%), 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 CAE Inc stock A Buy?
CAE 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: -1.367 Sell Candidate Unchanged
Predicted Opening Price for CAE Inc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $18.92 ( 0.87%) | $19.09 |
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 | 19.43 | 1.80 % | |
| R2 | 19.23 | 0.778 % | ||
| R1 | 19.11 | 0.148 % | ||
| Current price: | 19.09 | |||
| Support | S1 | 18.72 | -1.89 % | |
| S2 | 18.60 | -2.52 % | ||
| S3 | 18.41 | -3.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.00 | 4.79 % | |
| R2 | 19.72 | 3.33 % | ||
| R1 | 19.13 | 0.236 % | ||
| Current price | 19.09 | |||
| Support | S1 | 19.01 | -0.393% | |
| S2 | 18.92 | -0.86% | ||
| S3 | 18.91 | -0.92% |
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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