RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CVCO
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Cavco Industries stock price up 1.77% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Jan 29, 2024 Gain 18.81% PDF

The Cavco Industries stock price gained 1.77% on the last trading day (Thursday, 28th Mar 2024), rising from $392.11 to $399.06. During the last trading day the stock fluctuated 1.79% from a day low at $393.20 to a day high of $400.23. The price has risen in 7 of the last 10 days and is up by 9.13% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 43 thousand shares were bought and sold for approximately $17.09 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 22.45% during the next 3 months and, with a 90% probability hold a price between $453.47 and $519.74 at the end of this 3-month period.

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CVCO Signals & Forecast

Mostly positive signals in the chart today. The Cavco Industries stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $391.36 and $373.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 17, 2024, and so far it has risen 30.18%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Cavco Industries stock

On the downside, the stock finds support just below today's level from accumulated volume at $376.98 and $366.54. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Cavco Industries finds support just below today's level at $376.98. If this is broken, then the next support from accumulated volume will be at $366.54 and $331.92.

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 $7.03 between high and low, or 1.79%. For the last week, the stock has had daily average volatility of 1.74%.

Our recommended stop-loss: $384.77 (-3.58%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 50 days ago.)

Trading Expectations (CVCO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Cavco Industries to open at $397.50, and during the day (based on 14 day Average True Range), to move between $389.40 and $408.72, which gives a possible trading interval of +/-$9.66 (+/-2.42%) up or down from last closing price. If Cavco Industries takes out the full calculated possible swing range there will be an estimated 4.84% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $376.98, some $22.08 (5.53%) from the current price of $399.06, our system finds the risk reward attractive.

Is Cavco Industries stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Cavco Industries stock to perform well in the short-term.

Current score: 4.884 Buy Candidate Unchanged

Predicted Opening Price for Cavco Industries of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$397.50 ( 0.392%) $399.06

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

Trading levels for CVCO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 404.53 1.37 %
R2 401.84 0.697 %
R1 400.18 0.281 %
Current price: 399.06
Support S1 394.81 -1.06 %
S2 393.15 -1.48 %
S3 390.47 -2.15 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 399.06
Support S1 376.98 -5.53%
S2 366.54 -8.15%
S3 331.92 -16.82%

FAQ

What is the symbol for Cavco Industries Stock and on which exchange is it traded?
The symbol for Cavco Industries is CVCO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Cavco Industries Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Cavco Industries stock to perform well in the short-term.

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

What's the current price of Cavco Industries Stock?
As of the end of day on the 2024-03-28, the price of an Cavco Industries (CVCO) share was $399.06.

What is the 52-week high and low for Cavco Industries Stock?
The 52-week high for Cavco Industries Stock is $400.23 and the 52-week low is $235.95.

What is the market capitalization of Cavco Industries Stock?
As of the 2024-03-28, the market capitalization of Cavco Industries is 3.331B.

When is the next earnings date for Cavco Industries?
The upcoming earnings date for Cavco Industries is May 16, 2024.
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About Cavco Industries

Cavco Industries Cavco Industries, Inc. designs, produces, and retails manufactured homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its manufactured homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, and MidCountry brands. It also builds park model RVs; vacation cabins; and fact... CVCO Profile

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