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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 2024-03-08 View latest technical analysis

10 day averaged volume of Cathay General is 239410

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Mar 2024	40.53	41.30	41.35	40.51	0.83 times
07 Thu Mar 2024	40.63	41.05	41.18	40.51	0.861 times
06 Wed Mar 2024	40.49	40.83	41.22	39.26	1.071 times
05 Tue Mar 2024	40.74	38.71	40.78	38.56	1.51 times
04 Mon Mar 2024	38.85	39.20	39.74	38.81	1.223 times
01 Fri Mar 2024	38.79	38.87	38.93	38.17	0.787 times
29 Thu Feb 2024	39.05	39.36	39.84	38.84	1.084 times
28 Wed Feb 2024	38.57	38.73	39.20	38.53	0.89 times
27 Tue Feb 2024	39.11	39.00	39.28	38.71	0.816 times
26 Mon Feb 2024	39.10	39.29	39.60	38.94	1.012 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 40.4, but if it comes below 40.4, then a intra day sell could be more profitable.
If you take a sell trade below 40.4, then use 40.4 as stoploss and 39.67 as target. However if you take a buy trade in stock , then use 40.4 as stoploss and 41.3 as target.

Share price targets for Cathay General (CATY)

Target Type	Value
Downside Target	33.55
Downside Target	36.17
Downside Target	38.00
Downside Target	39.84
Downside Target	40.34
Upside Target	40.78
Upside Target	41.17
Upside Target	41.35
Upside Target	41.74
Upside Target	45.12
Upside Target	45.72

Intraday share price targets for Cathay General (CATY)

Target Type	Value
Downside Intraday Target	38.94
Downside Intraday Target	37.36
Upside Intraday Target	41.73
Upside Intraday Target	42.94
Downside Intraday Target	40.15

Weekly technical analysis of Cathay General (CATY)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Mar 2024	40.53	39.20	41.35	38.56	1.198 times
01 Fri Mar 2024	38.79	39.29	39.84	38.17	0.929 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

Price has moved up 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
08 Fri Mar 2024	40.53	38.87	41.35	38.17	0.257 times
29 Thu Feb 2024	39.05	41.46	41.74	38.13	0.924 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

Scroll below to view daily charts

Price has moved up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Cathay General ( (CATY) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Cathay General in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Cathay General Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a buy signal for Cathay General in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 39.64 and Cathay General (CATY) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 is giving positive 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.