Calfrac Well Services Ltd. Stock Forecast
Green day on Tuesday for Calfrac Well Services Ltd.
(Updated on Jun 25, 2024)
The Calfrac Well Services Ltd. stock price gained 0.495% on the last trading day (Tuesday, 25th Jun 2024), rising from $4.04 to $4.06. During the last trading day the stock fluctuated 0.99% from a day low at $4.04 to a day high of $4.08. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 2 thousand shares were bought and sold for approximately $8.88 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -7.31% during the next 3 months and, with a 90% probability hold a price between $3.63 and $4.25 at the end of this 3-month period.
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CFW.TO Signals & Forecast
There are mixed signals in the stock today. The Calfrac Well Services Ltd. 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 $4.10. On a fall, the stock will find some support from the short-term average at $4.01. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 3.05%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Calfrac Well Services Ltd. stock
Calfrac Well Services Ltd. finds support from accumulated volume at $4.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.0400 between high and low, or 0.99%. For the last week the stock has had daily average volatility of 2.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CFW.TO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Calfrac Well Services Ltd. to open at $4.06, and during the day (based on 14 day Average True Range), to move between $3.92 and $4.20, which gives a possible trading interval of +/-$0.140 (+/-3.45%) up or down from last closing price. If Calfrac Well Services Ltd. takes out the full calculated possible swing range there will be an estimated 6.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.04 (0.49%) than the resistance at $4.11 (1.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Calfrac Well Services Ltd. stock A Buy?
Calfrac Well Services Ltd. 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: -1.322 Sell Candidate Unchanged
Predicted Opening Price for Calfrac Well Services Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $4.06 ( 0%) | $4.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CFW.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.10 | 0.99% |
| R2 | 4.08 | 0.609% |
| R1 | 4.08 | 0.376% |
| Price | 4.06 | |
| S1 | 4.04 | -0.376% |
| S2 | 4.04 | -0.609% |
| S3 | 4.02 | -0.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.84 | 19.21% |
| R2 | 4.15 | 2.22% |
| R1 | 4.11 | 1.23% |
| Price | 4.06 | |
| S1 | 4.04 | -0.493% |
| S2 | 4.00 | -1.48% |
| S3 | 3.82 | -6.03% |
CFW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 04, 2015 | Dec 29, 2015 | Jan 15, 2016 | $0.80 | 1.30% |
| 2 | Oct 01, 2015 | Oct 01, 2015 | Oct 15, 2015 | $0.80 | 0.492% |
| 3 | Jun 17, 2015 | Jun 26, 2015 | Jul 15, 2015 | $3.15 | 0.92% |
| 4 | Mar 18, 2015 | Mar 27, 2015 | Apr 15, 2015 | $6.25 | 1.16% |
| 5 | Dec 04, 2014 | Dec 29, 2014 | Jan 15, 2015 | $6.25 | 1.46% |
FAQ
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