CVB Financial Corporation Stock Forecast

Buy or Hold candidate since Oct 28, 2024 Gain 20.12%

The CVB Financial Corporation stock price gained 2.39% on the last trading day (Wednesday, 4th Dec 2024), rising from $22.97 to $23.52. During the last trading day the stock fluctuated 2.97% from a day low at $22.91 to a day high of $23.59. The price has risen in 5 of the last 10 days and is up by 4.58% over the past 2 weeks. Volume fell on the last day by -37 thousand shares and in total, 729 thousand shares were bought and sold for approximately $17.14 million. 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 strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 40.87% during the next 3 months and, with a 90% probability hold a price between $30.07 and $34.77 at the end of this 3-month period.

Investment opportunities can be found at any hour. So, react immediately to market-moving news and capture more market opportunities when convenient for you. You can trade over 10,000 US Stocks and ETFs, US Equity Index options, US Treasuries – and more - around the clock. Interactive Brokers’ dual market centers ensure reliable and dependable overnight trading on your timetable. (Member SIPC)

CVBF Signals & Forecast

A sell signal was issued from a pivot top point on Monday, November 25, 2024, and so far it has fallen -2.00%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The CVB Financial Corporation 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 $23.55. On a fall, the stock will find some support from the long-term average at approximately $21.43. 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. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for CVB Financial Corporation stock

CVB Financial Corporation finds support from accumulated volume at $22.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.680 between high and low, or 2.97%. For the last week, the stock has had daily average volatility of 2.75%.

Our recommended stop-loss: $22.64 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (CVBF) For The Upcoming Trading Day Of Thursday 5th

For the upcoming trading day on Thursday, 5th we expect CVB Financial Corporation to open at $23.34, and during the day (based on 14 day Average True Range), to move between $22.87 and $24.17, which gives a possible trading interval of +/-$0.648 (+/-2.75%) up or down from last closing price. If CVB Financial Corporation takes out the full calculated possible swing range there will be an estimated 5.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $23.83 (1.32%) than the support at $22.62 (3.83%), 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 CVB Financial Corporation stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.076 Buy Candidate Upgraded

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

Predicted Fair Opening Price

Predicted fair opening price on December 5, 2024 - $23.34 ( 0.765%).