CVD Equipment Corporation Stock Forecast
Evaluation of CVD Equipment Corporation stock downgraded after the last trading session.
(Updated on Apr 18, 2024)
The CVD Equipment Corporation stock price fell by -2.07% on the last day (Thursday, 18th Apr 2024) from $4.82 to $4.72. During the last trading day the stock fluctuated 3.83% from a day low at $4.70 to a day high of $4.88. The price has fallen in 7 of the last 10 days and is down by -18.06% for this period. Volume has increased on the last day by 11 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, 15 thousand shares were bought and sold for approximately $70.58 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.59 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.22% during the next 3 months and, with a 90% probability hold a price between $4.87 and $6.42 at the end of this 3-month period.
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CVV Signals & Forecast
There are few to no technical positive signals at the moment. The CVD Equipment Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $5.01 and $4.97. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -21.20%. 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). CVD Equipment Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for CVD Equipment Corporation stock
CVD Equipment Corporation finds support from accumulated volume at $4.70 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 $0.180 between high and low, or 3.83%. For the last week, the stock has had daily average volatility of 6.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CVV) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect CVD Equipment Corporation to open at $4.77, and during the day (based on 14 day Average True Range), to move between $4.36 and $5.08, which gives a possible trading interval of +/-$0.359 (+/-7.60%) up or down from last closing price. If CVD Equipment Corporation takes out the full calculated possible swing range there will be an estimated 15.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.70 (0.42%) than the resistance at $4.92 (4.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CVD Equipment Corporation stock A Buy?
The CVD Equipment Corporation stock holds several negative signals and despite the positive trend, we believe CVD Equipment Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.503 Sell Candidate Downgraded
Predicted Opening Price for CVD Equipment Corporation of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$4.77 ( 0.99%) | $4.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CVV
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.95 | 4.80 % | |
R2 | 4.88 | 3.35 % | ||
R1 | 4.84 | 2.45 % | ||
Current price: | 4.72 | |||
Support | S1 | 4.70 | -0.468 % | |
S2 | 4.66 | -1.37 % | ||
S3 | 4.59 | -2.82 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.84 | 23.73 % | |
R2 | 5.76 | 22.03 % | ||
R1 | 4.92 | 4.24 % | ||
Current price | 4.72 | |||
Support | S1 | 4.70 | -0.424% | |
S2 | 4.66 | -1.27% | ||
S3 | 4.51 | -4.45% |
FAQ
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