Calfrac Well Services Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Calfrac Well Services Ltd. stock price up 1.19% on Friday
(Updated on Jun 28, 2024)
The Calfrac Well Services Ltd. stock price gained 1.19% on the last trading day (Friday, 28th Jun 2024), rising from $4.20 to $4.25. It has now gained 5 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 3.57% from a day low at $4.20 to a day high of $4.35. The price has risen in 7 of the last 10 days and is up by 5.99% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 13 thousand shares were bought and sold for approximately $56.36 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 -9.33% during the next 3 months and, with a 90% probability hold a price between $3.53 and $4.08 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CFW.TO Signals & Forecast
The Calfrac Well Services Ltd. 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 $4.10 and $4.10. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 7.87%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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.
Support, Risk & Stop-loss for Calfrac Well Services Ltd. stock
Calfrac Well Services Ltd. finds support from accumulated volume at $4.15 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 very controlled movements and therefore the general risk is considered very 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 $0.150 between high and low, or 3.57%. For the last week the stock has had daily average volatility of 2.91%
Our recommended stop-loss: $4.11 (-3.34%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 47 days ago.)
Trading Expectations (CFW.TO) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Calfrac Well Services Ltd. to open at $4.27, and during the day (based on 14 day Average True Range), to move between $4.11 and $4.39, which gives a possible trading interval of +/-$0.142 (+/-3.34%) 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 6.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.15 (2.35%) than the resistance at $4.48 (5.41%), 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?
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: 3.859 Buy Candidate Unchanged
Predicted Opening Price for Calfrac Well Services Ltd. of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| $4.27 ( 0.392%) | $4.25 |
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 | 4.42 | 3.92% |
| R2 | 4.36 | 2.57% |
| R1 | 4.32 | 1.74% |
| Price | 4.25 | |
| S1 | 4.21 | -0.96% |
| S2 | 4.17 | -1.79% |
| S3 | 4.12 | -3.14% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.84 | 13.88% |
| R2 | 4.74 | 11.53% |
| R1 | 4.48 | 5.41% |
| Price | 4.25 | |
| S1 | 4.15 | -2.35% |
| S2 | 4.06 | -4.47% |
| S3 | 4.04 | -4.94% |
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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