RSI low/high Values: [ 25 - 75 ]
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AI Analysis of CVI
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CVR Energy stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 13, 2024 Gain 0.49% PDF

The CVR Energy stock price fell by -0.797% on the last day (Wednesday, 27th Mar 2024) from $35.15 to $34.87. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 2.19% from a day low at $34.76 to a day high of $35.52. The price has fallen in 7 of the last 10 days but is still up by 0.49% over the past 2 weeks. Volume has increased on the last day by 158 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, 883 thousand shares were bought and sold for approximately $30.79 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.06% during the next 3 months and, with a 90% probability hold a price between $38.84 and $43.18 at the end of this 3-month period.

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CVI Signals & Forecast

The CVR Energy 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 $36.04. On a fall, the stock will find some support from the long-term average at approximately $34.34. 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 Wednesday, March 20, 2024, and so far it has fallen -5.19%. 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 CVR Energy stock

CVR Energy finds support from accumulated volume at $34.47 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 $0.760 between high and low, or 2.19%. For the last week, the stock has had daily average volatility of 2.60%.

Our recommended stop-loss: $33.33 (-4.42%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (CVI) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect CVR Energy Inc to open at $35.05, and during the day (based on 14 day Average True Range), to move between $33.74 and $36.00, which gives a possible trading interval of +/-$1.13 (+/-3.24%) up or down from last closing price. If CVR Energy Inc takes out the full calculated possible swing range there will be an estimated 6.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $35.05 (0.52%) than the support at $34.47 (1.15%), 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 CVR Energy Inc stock A Buy?

CVR Energy 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.406 Hold/Accumulate Downgraded

Predicted Opening Price for CVR Energy Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$35.05 ( 0.516%) $34.87

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

Trading levels for CVI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 35.81 2.70 %
R2 35.52 1.86 %
R1 35.34 1.35 %
Current price: 34.87
Support S1 34.76 -0.316 %
S2 34.58 -0.83 %
S3 34.29 -1.66 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 35.90 2.95 %
R2 35.67 2.29 %
R1 35.05 0.516 %
Current price 34.87
Support S1 34.47 -1.15%
S2 33.44 -4.10%
S3 32.47 -6.88%

CVI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 20, 2024 Mar 01, 2024 Mar 11, 2024 $0.500 1.52%
2 Oct 30, 2023 Nov 10, 2023 Nov 20, 2023 $2.00 6.28%
3 Oct 30, 2023 Nov 09, 2023 Nov 20, 2023 $1.50 4.71%
4 Jul 31, 2023 Aug 11, 2023 Aug 21, 2023 $1.00 2.90%
5 May 01, 2023 May 12, 2023 May 22, 2023 $0.500 1.97%

FAQ

What is the symbol for CVR Energy Stock and on which exchange is it traded?
The symbol for CVR Energy is CVI and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell CVR Energy Stock?
CVR Energy 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

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

What's the current price of CVR Energy Stock?
As of the end of day on the 2024-03-27, the price of an CVR Energy (CVI) share was $34.87.

What is the 52-week high and low for CVR Energy Stock?
The 52-week high for CVR Energy Stock is $39.28 and the 52-week low is $22.60.

What is the market capitalization of CVR Energy Stock?
As of the 2024-03-27, the market capitalization of CVR Energy is 3.506B.

When is the next earnings date for CVR Energy?
The upcoming earnings date for CVR Energy is May 06, 2024.
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About CVR Energy Inc

CVR Energy CVR Energy, Inc., together with its subsidiaries, engages in the petroleum refining and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products. It also owns and operates a coking medium-sour crude oil refinery in southeast Kansas; and a crude oil refinery in Wynnewood, Oklahoma, as... CVI Profile

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