Core Laboratories NV Stock Forecast
Green day on Wednesday for Core Laboratories NV stock after gaining 2.24%
(Updated on May 08, 2024)
The Core Laboratories NV stock price gained 2.24% on the last trading day (Wednesday, 8th May 2024), rising from $16.08 to $16.44. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.78% from a day low at $15.86 to a day high of $16.46. The price has risen in 6 of the last 10 days but is still down by -0.54% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 75 thousand more shares were traded than the day before. In total, 290 thousand shares were bought and sold for approximately $4.77 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 15.64% during the next 3 months and, with a 90% probability hold a price between $18.35 and $21.60 at the end of this 3-month period.
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CLB Signals & Forecast
There are mixed signals in the stock today. The Core Laboratories NV stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $16.87. On a fall, the stock will find some support from the short-term average at $15.96. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -8.11%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Core Laboratories NV stock
Core Laboratories NV finds support from accumulated volume at $16.06 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 $0.600 between high and low, or 3.78%. For the last week, the stock has had daily average volatility of 2.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CLB) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Core Laboratories NV to open at $16.25, and during the day (based on 14 day Average True Range), to move between $15.86 and $17.02, which gives a possible trading interval of +/-$0.578 (+/-3.51%) up or down from last closing price. If Core Laboratories NV takes out the full calculated possible swing range there will be an estimated 7.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.06 (2.31%) than the resistance at $16.99 (3.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Core Laboratories NV stock A Buy?
Core Laboratories NV holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.307 Sell Candidate Unchanged
Predicted Opening Price for Core Laboratories NV of Thursday, May 9, 2024
Fair opening price May 9, 2024 | Current price |
---|---|
$16.25 ( 1.14%) | $16.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CLB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.85 | 2.51 % | |
R2 | 16.62 | 1.12 % | ||
R1 | 16.48 | 0.259 % | ||
Current price: | 16.44 | |||
Support | S1 | 16.02 | -2.53 % | |
S2 | 15.88 | -3.39 % | ||
S3 | 15.65 | -4.79 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.33 | 5.41 % | |
R2 | 17.07 | 3.83 % | ||
R1 | 16.99 | 3.35 % | ||
Current price | 16.44 | |||
Support | S1 | 16.06 | -2.31% | |
S2 | 14.95 | -9.06% | ||
S3 | 14.49 | -11.86% |
CLB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 24, 2024 | May 03, 2024 | May 28, 2024 | $0.0100 | 0.0608% |
2 | Jan 31, 2024 | Feb 09, 2024 | Mar 04, 2024 | $0.0100 | 0.0645% |
3 | Nov 01, 2023 | Nov 10, 2023 | Dec 04, 2023 | $0.0100 | 0.0551% |
4 | Nov 01, 2023 | Nov 09, 2023 | Dec 04, 2023 | $0.0100 | 0.0551% |
5 | Jul 26, 2023 | Aug 04, 2023 | Aug 28, 2023 | $0.0100 | 0.0414% |
FAQ
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