CVC Brasil Operadora e Agência de Stock Forecast

CVC Brasil Operadora e Agência de stock price ended at R$2.08 on Monday, after losing 0.95%.
(Updated on Apr 29, 2024)

CVCB3.SA Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 15.56%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The CVC Brasil Operadora e Agência de stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at R$2.69. On a fall, the stock will find some support from the short-term average at R$2.05. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for CVC Brasil Operadora e Agência de stock

CVC Brasil Operadora e Agência de finds support from accumulated volume at R$2.03 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved R$0.0700 between high and low, or 3.38%. For the last week, the stock has had daily average volatility of 6.08%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CVCB3.SA) For The Upcoming Trading Day Of Tuesday 30th

For the upcoming trading day on Tuesday, 30th we expect CVC Brasil Operadora e Agência de Viagens S.A. to open at R$2.10, and during the day (based on 14 day Average True Range), to move between R$1.94 and R$2.22, which gives a possible trading interval of +/-R$0.145 (+/-6.95%) up or down from last closing price. If CVC Brasil Operadora e Agência de Viagens S.A. takes out the full calculated possible swing range there will be an estimated 13.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at R$2.13 (2.40%) than the support at R$2.03 (2.40%), 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 CVC Brasil Operadora e Agência de Viagens S.A. stock A Buy?

CVC Brasil Operadora e Agência de 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.

Current score: -2.292 Sell Candidate Unchanged

Predicted Opening Price for CVC Brasil Operadora e Agência de Viagens S.A. of Tuesday, April 30, 2024

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