CVB Financial Corporation 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
CVB Financial Corporation stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Apr 24, 2024)
The CVB Financial Corporation stock price fell by -0.0585% on the last day (Wednesday, 24th Apr 2024) from $17.10 to $17.09. During the last trading day the stock fluctuated 3.63% from a day low at $16.55 to a day high of $17.15. The price has been going up and down for this period, and there has been a 5.17% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -279 thousand shares and in total, 826 thousand shares were bought and sold for approximately $14.11 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $17.44 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.06% during the next 3 months and, with a 90% probability hold a price between $14.78 and $16.55 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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CVBF Signals & Forecast
The CVB Financial Corporation 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 $16.41 and $16.91. A breakdown below any of these levels will issue sell signals. 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 Tuesday, April 23, 2024, and so far it has fallen -0.0585%. 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 CVB Financial Corporation stock
CVB Financial Corporation finds support from accumulated volume at $16.76 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 $0.600 between high and low, or 3.63%. For the last week, the stock has had daily average volatility of 3.47%.
Our recommended stop-loss: $16.41 (-3.96%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (CVBF) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect CVB Financial Corporation to open at $16.93, and during the day (based on 14 day Average True Range), to move between $16.57 and $17.61, which gives a possible trading interval of +/-$0.524 (+/-3.07%) up or down from last closing price. If CVB Financial Corporation takes out the full calculated possible swing range there will be an estimated 6.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.76 (1.93%) than the resistance at $17.70 (3.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CVB Financial Corporation stock A Buy?
CVB Financial Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.920 Hold/Accumulate Downgraded
Predicted Opening Price for CVB Financial Corporation of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $16.93 ( 0.94%) | $17.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CVBF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.53 | 2.57 % | |
| R2 | 17.30 | 1.23 % | ||
| R1 | 17.16 | 0.405 % | ||
| Current price: | 17.09 | |||
| Support | S1 | 16.70 | -2.28 % | |
| S2 | 16.56 | -3.11 % | ||
| S3 | 16.33 | -4.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.29 | 7.02 % | |
| R2 | 17.80 | 4.15 % | ||
| R1 | 17.70 | 3.57 % | ||
| Current price | 17.09 | |||
| Support | S1 | 16.76 | -1.93% | |
| S2 | 16.73 | -2.11% | ||
| S3 | 16.60 | -2.87% |
CVBF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2024 | Apr 02, 2024 | Apr 17, 2024 | $0.200 | 1.26% |
| 2 | Dec 20, 2023 | Jan 04, 2024 | Jan 22, 2024 | $0.200 | 1.03% |
| 3 | Sep 20, 2023 | Oct 03, 2023 | Oct 19, 2023 | $0.200 | 1.24% |
| 4 | Jun 21, 2023 | Jul 05, 2023 | Jul 20, 2023 | $0.200 | 1.24% |
| 5 | Mar 22, 2023 | Apr 04, 2023 | Apr 19, 2023 | $0.200 | 1.27% |
FAQ
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