Civitas Resources, Inc. Stock Forecast

Red day on Monday for Civitas Resources, Inc. stock after losing 0.93%
(Updated on Apr 15, 2024)

CIVI Signals & Forecast

The Civitas Resources, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $75.30. On a fall, the stock will find some support from the long-term average at approximately $72.29. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -3.79%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Civitas Resources, Inc. stock

Civitas Resources, Inc. finds support from accumulated volume at $70.81 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.82 between high and low, or 2.48%. For the last week the stock has had daily average volatility of 2.54%.

Our recommended stop-loss: $69.65 (-5.33%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (CIVI) For The Upcoming Trading Day Of Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect Civitas Resources, Inc. to open at $73.98, and during the day (based on 14 day Average True Range), to move between $71.85 and $75.29, which gives a possible trading interval of +/-$1.72 (+/-2.34%) up or down from last closing price. If Civitas Resources, Inc. takes out the full calculated possible swing range there will be an estimated 4.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $75.33 (2.39%) than the support at $70.81 (3.75%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Civitas Resources, Inc. 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 Civitas Resources, Inc. stock to perform well in the short-term.

Current score: 3.012 Buy Candidate Unchanged

Predicted Opening Price for Civitas Resources, Inc. of Tuesday, April 16, 2024

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