Caspian Sunrise Plc Stock Forecast

Stronger technical forecast for Caspian Sunrise Plc stock price after Thursday trading.
(Updated on Apr 18, 2024)

CASP.L Signals & Forecast

The Caspian Sunrise Plc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £3.21. On a fall, the stock will find some support from the long-term average at approximately £2.99. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Thursday, April 04, 2024, and so far it has fallen -25.93%. 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). 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".

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 £2.55. 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 £2.55 and £2.45.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved £0.200 between high and low, or 6.90%. For the last week the stock has had daily average volatility of 5.12%.

Our recommended stop-loss: £2.81 (-6.44%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (CASP.L) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Caspian Sunrise Plc to open at £3.00, and during the day (based on 14 day Average True Range), to move between £2.73 and £3.27, which gives a possible trading interval of +/-£0.272 (+/-9.07%) up or down from last closing price. If Caspian Sunrise Plc takes out the full calculated possible swing range there will be an estimated 18.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £2.80 (6.67%) than the resistance at £3.40 (13.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Caspian Sunrise Plc stock 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 Caspian Sunrise Plc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.136 Buy Candidate Upgraded

Predicted Opening Price for Caspian Sunrise Plc of Friday, April 19, 2024

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