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(CATY) Cathay General complete technical analysis [charts+indicators] | Buy/Sell Cathay General | (CATY) share price targets

Complete technical analysis of Cathay General (CATY) by charts plus indicators, forecast predictions and share price targets for Cathay General (CATY)

Cathay General trades in USA in Finance sector.

Showing technical analysis as on 2024-02-28 View latest technical analysis

10 day averaged volume of Cathay General is 293490

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	38.57	38.73	39.20	38.53	0.726 times
27 Tue Feb 2024	39.11	39.00	39.28	38.71	0.666 times
26 Mon Feb 2024	39.10	39.29	39.60	38.94	0.826 times
23 Fri Feb 2024	39.45	39.21	39.93	38.87	0.608 times
22 Thu Feb 2024	39.25	39.18	39.46	38.83	0.935 times
21 Wed Feb 2024	39.38	39.81	39.81	39.23	0.982 times
20 Tue Feb 2024	39.86	39.72	40.34	39.66	1.505 times
16 Fri Feb 2024	40.35	40.57	40.76	40.15	0.768 times
15 Thu Feb 2024	40.88	39.48	41.17	39.48	1.007 times
14 Wed Feb 2024	39.27	39.25	39.60	38.49	1.149 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 38.9, but if it comes above 38.9, then a intra day buy could be more profitable.
If you take a sell trade below 38.9, then use 38.9 as stoploss and 38.1 as target. However if you take a buy trade in stock , then use 38.9 as stoploss and 39.62 as target.

Share price targets for Cathay General (CATY)

Target Type	Value
Downside Target	32.08
Downside Target	33.55
Downside Target	35.95
Downside Target	38.00
Upside Target	39.85
Upside Target	40.34
Upside Target	40.78
Upside Target	41.17
Upside Target	41.74
Upside Target	43.81
Upside Target	45.12
Upside Target	45.72

Intraday share price targets for Cathay General (CATY)

Target Type	Value
Downside Intraday Target	38.2
Downside Intraday Target	37.83
Upside Intraday Target	39.27
Upside Intraday Target	39.97
Upside Intraday Target	38.9

Weekly technical analysis of Cathay General (CATY)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	38.57	39.29	39.60	38.53	0.55 times
23 Fri Feb 2024	39.45	39.72	40.34	38.83	0.739 times
16 Fri Feb 2024	40.35	39.78	41.17	38.13	1.091 times
09 Fri Feb 2024	39.76	39.61	39.85	38.30	0.774 times
02 Fri Feb 2024	40.09	43.32	43.81	38.88	1.004 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Cathay General (CATY)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	38.57	41.46	41.74	38.13	0.883 times
31 Wed Jan 2024	41.17	44.07	45.12	40.78	0.91 times
29 Fri Dec 2023	44.57	36.65	45.72	36.17	1.207 times
30 Thu Nov 2023	36.68	33.84	38.00	33.55	0.688 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Cathay General (CATY)

Price action analysis of Cathay General ( (CATY) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Cathay General ( (CATY) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Cathay General ( (CATY) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Cathay General stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Cathay General in short term and the sell signal is strong.

Cathay General Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Cathay General in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Cathay General is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 39.57 and Cathay General (CATY) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Cathay General (CATY) stock. Volume based technical analysis of Cathay General (CATY) stock is negative.

Cathay General Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.