Calavo Growers Stock Forecast
Green day on Thursday for Calavo Growers
(Updated on Apr 25, 2024)
The Calavo Growers stock price gained 0.110% on the last trading day (Thursday, 25th Apr 2024), rising from $27.38 to $27.41. During the last trading day the stock fluctuated 3.36% from a day low at $27.38 to a day high of $28.30. The price has risen in 7 of the last 10 days and is up by 10.79% 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, 33 thousand more shares were traded than the day before. In total, 184 thousand shares were bought and sold for approximately $5.06 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 -4.17% during the next 3 months and, with a 90% probability hold a price between $22.35 and $27.67 at the end of this 3-month period.
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CVGW Signals & Forecast
Mostly positive signals in the chart today. The Calavo Growers stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $27.28 and $27.28. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 2.16%. 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 Calavo Growers stock
Calavo Growers finds support from accumulated volume at $27.38 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 $0.92 between high and low, or 3.36%. For the last week, the stock has had daily average volatility of 4.93%.
Our recommended stop-loss: $26.02 (-5.09%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (CVGW) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Calavo Growers to open at $27.70, and during the day (based on 14 day Average True Range), to move between $26.36 and $28.46, which gives a possible trading interval of +/-$1.05 (+/-3.83%) up or down from last closing price. If Calavo Growers takes out the full calculated possible swing range there will be an estimated 7.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $27.38 (0.11%) than the resistance at $27.75 (1.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Calavo Growers stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.505 Buy Candidate Unchanged
Predicted Opening Price for Calavo Growers of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $27.70 ( 1.05%) | $27.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CVGW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.62 | 4.40 % | |
| R2 | 28.27 | 3.12 % | ||
| R1 | 28.05 | 2.33 % | ||
| Current price: | 27.41 | |||
| Support | S1 | 27.35 | -0.236 % | |
| S2 | 27.13 | -1.03 % | ||
| S3 | 26.78 | -2.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.51 | 7.64 % | |
| R2 | 28.70 | 4.71 % | ||
| R1 | 27.75 | 1.24 % | ||
| Current price | 27.41 | |||
| Support | S1 | 27.38 | -0.109% | |
| S2 | 27.37 | -0.146% | ||
| S3 | 24.50 | -10.62% |
CVGW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 11, 2024 | Mar 28, 2024 | Apr 29, 2024 | $0.100 | 0.365% |
| 2 | Jan 25, 2024 | Jan 25, 2024 | Jan 31, 2024 | $0.100 | 0.383% |
| 3 | Sep 06, 2023 | Sep 26, 2023 | Oct 11, 2023 | $0.100 | 0.386% |
| 4 | Jun 05, 2023 | Jun 26, 2023 | Jul 11, 2023 | $0.100 | 0.347% |
| 5 | Mar 12, 2023 | Mar 23, 2023 | Jul 11, 2023 | $0.100 | 0.347% |
FAQ
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