RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of KDNC.L
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Volatile ride for Cadence Minerals Plc stock price on Wednesday moving between £5.15 and £6.00
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 22, 2024 Loss -0.76% PDF

The Cadence Minerals Plc stock price fell by -9.57% on the last day (Wednesday, 27th Mar 2024) from £5.75 to £5.20. During the last trading day the stock fluctuated 16.50% from a day low at £5.15 to a day high of £6.00. The price has fallen in 4 of the last 10 days and is down by -0.95% for this period. Volume has increased on the last day by 347 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 466 thousand shares were bought and sold for approximately £2.42 million.

The stock lies in the middle of a very 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 -8.79% during the next 3 months and, with a 90% probability hold a price between £3.92 and £5.24 at the end of this 3-month period.

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KDNC.L Signals & Forecast

The Cadence Minerals 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 £5.26. On a fall, the stock will find some support from the long-term average at approximately £4.98. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, March 26, 2024, and so far it has fallen -9.57%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Cadence Minerals Plc stock

Cadence Minerals Plc finds support from accumulated volume at £5.10 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.85 between high and low, or 16.50%. For the last week, the stock has had daily average volatility of 9.42%.

Our recommended stop-loss: £4.95 (-4.74%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (KDNC.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Cadence Minerals Plc to open at £5.45, and during the day (based on 14 day Average True Range), to move between £4.63 and £5.77, which gives a possible trading interval of +/-£0.567 (+/-10.90%) up or down from last closing price. If Cadence Minerals Plc takes out the full calculated possible swing range there will be an estimated 21.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £5.25 (0.96%) than the support at £5.10 (1.92%), 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 Cadence Minerals Plc stock A Buy?

Cadence Minerals Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.516 Hold/Accumulate Unchanged

Predicted Opening Price for Cadence Minerals Plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£5.45 ( 4.81%) £5.20

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

Trading levels for KDNC.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 6.30 21.15 %
R2 5.98 14.91 %
R1 5.77 11.05 %
Current price: 5.20
Support S1 5.13 -1.44 %
S2 4.92 -5.29 %
S3 4.60 -11.54 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 5.60 7.69 %
R2 5.50 5.77 %
R1 5.25 0.96 %
Current price 5.20
Support S1 5.10 -1.92%
S2 4.75 -8.65%
S3 4.50 -13.46%

FAQ

What is the symbol for Cadence Minerals Plc Stock and on which exchange is it traded?
The symbol for Cadence Minerals Plc is KDNC.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Cadence Minerals Plc Stock?
Cadence Minerals Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

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

What's the current price of Cadence Minerals Plc Stock?
As of the end of day on the 2024-03-27, the price of an Cadence Minerals Plc (KDNC.L) share was £5.20.

What is the 52-week high and low for Cadence Minerals Plc Stock?
The 52-week high for Cadence Minerals Plc Stock is £11.00 and the 52-week low is £4.15.

What is the market capitalization of Cadence Minerals Plc Stock?
As of the 2024-03-27, the market capitalization of Cadence Minerals Plc is 7.902M.

When is the next earnings date for Cadence Minerals Plc?
The upcoming earnings date for Cadence Minerals Plc is Jun 25, 2024.
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About Cadence Minerals Plc

Cadence Minerals Plc Cadence Minerals Plc identifies, invests in, and develops lithium and rare earth assets. The company is also exploring for iron ore and other mining related opportunities. In addition, it holds interests in the Sonora Lithium project located in Northern Mexico; and Yangibana project situated in Gascoyne, Western Australia; and the Amapa Iron Ore project located in Brazil . The company was formerly known as Rare Earth Minerals plc and changed its ... KDNC.L Profile

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