CVB Financial Corporation Stock Forecast
Red day on Friday for CVB Financial Corporation
(Updated on Apr 26, 2024)
The CVB Financial Corporation stock price fell by -0.182% on the last day (Friday, 26th Apr 2024) from $16.51 to $16.48. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.49% from a day low at $16.19 to a day high of $16.76. The price has fallen in 6 of the last 10 days but is still up by 1.67% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -756 thousand shares and in total, 625 thousand shares were bought and sold for approximately $10.30 million.
The stock lies in the middle of a 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 -4.50% during the next 3 months and, with a 90% probability hold a price between $14.93 and $16.78 at the end of this 3-month period.
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CVBF Signals & Forecast
There are few to no technical positive signals at the moment. The CVB Financial Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $16.61 and $16.83. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -3.63%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for CVB Financial Corporation stock
CVB Financial Corporation finds support from accumulated volume at $16.42 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.565 between high and low, or 3.49%. For the last week, the stock has had daily average volatility of 3.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CVBF) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect CVB Financial Corporation to open at $16.48, and during the day (based on 14 day Average True Range), to move between $15.94 and $17.02, which gives a possible trading interval of +/-$0.545 (+/-3.31%) up or down from last closing price. If CVB Financial Corporation takes out the full calculated possible swing range there will be an estimated 6.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.51 (0.18%) than the support at $16.42 (0.36%), 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 CVB Financial Corporation stock A Buy?
CVB Financial Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.190 Sell Candidate Unchanged
Predicted Opening Price for CVB Financial Corporation of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $16.48 ( 0.0303%) | $16.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CVBF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.04 | 3.40 % | |
| R2 | 16.82 | 2.09 % | ||
| R1 | 16.69 | 1.28 % | ||
| Current price: | 16.48 | |||
| Support | S1 | 16.26 | -1.34 % | |
| S2 | 16.13 | -2.15 % | ||
| S3 | 15.91 | -3.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.76 | 1.70 % | |
| R2 | 16.73 | 1.52 % | ||
| R1 | 16.51 | 0.182 % | ||
| Current price | 16.48 | |||
| Support | S1 | 16.42 | -0.364% | |
| S2 | 16.31 | -1.03% | ||
| S3 | 16.25 | -1.40% |
CVBF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2024 | Apr 02, 2024 | Apr 17, 2024 | $0.200 | 1.26% |
| 2 | Dec 20, 2023 | Jan 04, 2024 | Jan 22, 2024 | $0.200 | 1.03% |
| 3 | Sep 20, 2023 | Oct 03, 2023 | Oct 19, 2023 | $0.200 | 1.24% |
| 4 | Jun 21, 2023 | Jul 05, 2023 | Jul 20, 2023 | $0.200 | 1.24% |
| 5 | Mar 22, 2023 | Apr 04, 2023 | Apr 19, 2023 | $0.200 | 1.27% |
FAQ
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