Civeo Corporation Stock Forecast
Civeo Corporation stock price ended at $25.14 on Wednesday, after losing 1.14%.
(Updated on Apr 17, 2024)
The Civeo Corporation stock price fell by -1.14% on the last day (Wednesday, 17th Apr 2024) from $25.43 to $25.14. During the last trading day the stock fluctuated 3.38% from a day low at $25.03 to a day high of $25.87. The price has fallen in 8 of the last 10 days and is down by -8.48% for this period. 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 -1 thousand shares and in total, 39 thousand shares were bought and sold for approximately $968.59 thousand.
Given the current short-term trend, the stock is expected to rise 25.26% during the next 3 months and, with a 90% probability hold a price between $31.49 and $35.60 at the end of this 3-month period.
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CVEO Signals & Forecast
There are few to no technical positive signals at the moment. The Civeo Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $26.02 and $25.51. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -9.47%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Civeo Corporation stock
Civeo Corporation finds support from accumulated volume at $24.77 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.85 between high and low, or 3.38%. For the last week the stock has had daily average volatility of 2.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CVEO) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Civeo Corporation to open at $25.35, and during the day (based on 14 day Average True Range), to move between $24.39 and $25.89, which gives a possible trading interval of +/-$0.755 (+/-3.00%) up or down from last closing price. If Civeo Corporation takes out the full calculated possible swing range there will be an estimated 6.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.77 (1.47%) than the resistance at $25.76 (2.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Civeo Corporation stock A Buy?
The Civeo Corporation stock holds several negative signals and despite the positive trend, we believe Civeo Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.560 Sell Candidate Unchanged
Predicted Opening Price for Civeo Corporation of Thursday, April 18, 2024
Fair opening price April 18, 2024 | Current price |
---|---|
$25.35 ( 0.82%) | $25.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CVEO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 26.19 | 4.18 % | |
R2 | 25.87 | 2.89 % | ||
R1 | 25.67 | 2.10 % | ||
Current price: | 25.14 | |||
Support | S1 | 25.02 | -0.469 % | |
S2 | 24.82 | -1.26 % | ||
S3 | 24.50 | -2.55 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 27.02 | 7.48 % | |
R2 | 26.22 | 4.30 % | ||
R1 | 25.76 | 2.47 % | ||
Current price | 25.14 | |||
Support | S1 | 24.77 | -1.47% | |
S2 | 23.50 | -6.52% | ||
S3 | 22.13 | -11.97% |
CVEO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 02, 2024 | Feb 23, 2024 | Mar 18, 2024 | $0.250 | 0.99% |
2 | Oct 27, 2023 | Nov 24, 2023 | Dec 18, 2023 | $0.250 | 1.15% |
3 | Sep 05, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.250 | 1.21% |
4 | Nov 05, 2014 | Nov 13, 2014 | Nov 20, 2020 | $1.56 | 10.28% |
5 | Jul 25, 2014 | Aug 13, 2014 | Aug 29, 2014 | $1.56 | 0.512% |
FAQ
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