ClearVue Technologies Limited Stock Forecast
ClearVue Technologies Limited stock price up 2.02% on Friday
(Updated on May 17, 2024)
The ClearVue Technologies Limited stock price gained 2.02% on the last trading day (Friday, 17th May 2024), rising from $0.495 to $0.505. During the last trading day the stock fluctuated 4.12% from a day low at $0.485 to a day high of $0.505. The price has risen in 5 of the last 10 days and is up by 9.78% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 26 thousand more shares were traded than the day before. In total, 321 thousand shares were bought and sold for approximately $162.27 thousand.
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 -19.95% during the next 3 months and, with a 90% probability hold a price between $0.268 and $0.449 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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CPV.AX Signals & Forecast
Mostly positive signals in the chart today. The ClearVue Technologies Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.495 and $0.457. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 31.17%. 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). ClearVue Technologies Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for ClearVue Technologies Limited stock
ClearVue Technologies Limited finds support from accumulated volume at $0.500 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0200 between high and low, or 4.12%. For the last week, the stock has had daily average volatility of 4.16%.
The ClearVue Technologies Limited stock is extremely overbought on RSI14 (85). This increases the short-term risk substantially.
Our recommended stop-loss: $0.485 (-4.05%) (This stock has high daily movements and this gives high risk. The RSI14 is 85 and this increases the risk substantially. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (CPV.AX) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect ClearVue Technologies Limited to open at $0.498, and during the day (based on 14 day Average True Range), to move between $0.480 and $0.530, which gives a possible trading interval of +/-$0.0246 (+/-4.87%) up or down from last closing price. If ClearVue Technologies Limited takes out the full calculated possible swing range there will be an estimated 9.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.510 (0.99%) than the support at $0.500 (0.99%), 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.
Earnings coming up
ClearVue Technologies Limited will release earnings BMO on Friday, May 24, 2024. We will update the financials statements for ClearVue Technologies Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.51% in the first trading day after earnings release.
Is ClearVue Technologies Limited 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: 3.671 Buy Candidate Unchanged
Predicted Opening Price for ClearVue Technologies Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.498 ( 1.32%) | $0.505 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CPV.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.518 | 2.64 % | |
| R2 | 0.511 | 1.13 % | ||
| R1 | 0.506 | 0.193 % | ||
| Current price: | 0.505 | |||
| Support | S1 | 0.491 | -2.83 % | |
| S2 | 0.486 | -3.77 % | ||
| S3 | 0.478 | -5.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.530 | 4.95 % | |
| R2 | 0.515 | 1.98 % | ||
| R1 | 0.510 | 0.99 % | ||
| Current price | 0.505 | |||
| Support | S1 | 0.500 | -0.99% | |
| S2 | 0.470 | -6.93% | ||
| S3 | 0.460 | -8.91% |
FAQ
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