Clover Corporation Limited 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
Clover Corporation Limited stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 31, 2024)
No changes to the price of Clover Corporation Limited stock on the last trading day (Friday, 31st May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.500 to a day high of $0.500. The price has been going up and down for this period, and there has been a -3.85% loss for the last 2 weeks.
The stock lies in the middle of a very 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 -33.75% during the next 3 months and, with a 90% probability hold a price between $0.184 and $0.381 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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CLV.AX Signals & Forecast
There are mixed signals in the stock today. The Clover Corporation Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.506 and $0.513. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". 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 Thursday, May 30, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Clover Corporation Limited stock
Clover Corporation Limited finds support from accumulated volume at $0.495 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.99%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CLV.AX) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Clover Corporation Limited to open at $0.500, and during the day (based on 14 day Average True Range), to move between $0.492 and $0.508, which gives a possible trading interval of +/-$0.0077 (+/-1.53%) up or down from last closing price. If Clover Corporation Limited takes out the full calculated possible swing range there will be an estimated 3.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.505 (1.00%) than the support at $0.495 (1.00%), 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 Clover Corporation Limited stock A Buy?
Clover Corporation Limited 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.117 Sell Candidate Downgraded
Predicted Opening Price for Clover Corporation Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $0.500 ( 0%) | $0.500 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CLV.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.500 | . | |
| R2 | 0.500 | . | ||
| R1 | 0.500 | . | ||
| Current price: | 0.500 | |||
| Support | S1 | 0.500 | . | |
| S2 | 0.500 | . | ||
| S3 | 0.500 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.620 | 24.00 % | |
| R2 | 0.510 | 2.00 % | ||
| R1 | 0.505 | 1.00 % | ||
| Current price | 0.500 | |||
| Support | S1 | 0.495 | -1.00% | |
| S2 | 0.485 | -3.00% | ||
| S3 | 0 | . |
CLV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 05, 2023 | Apr 05, 2023 | Apr 05, 2023 | $0.0075 | 0.615% |
| 2 | Oct 25, 2022 | Oct 25, 2022 | Oct 25, 2022 | $0.0100 | 0.83% |
| 3 | Apr 06, 2022 | Apr 06, 2022 | Apr 06, 2022 | $0.0050 | 0.379% |
| 4 | Oct 25, 2021 | Oct 25, 2021 | Oct 25, 2021 | $0.0050 | 0.321% |
| 5 | Apr 07, 2021 | Apr 07, 2021 | Apr 07, 2021 | $0.0050 | 0.259% |
FAQ
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