RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CVGI
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Commercial Vehicle Group stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jul 12, 2024)

Sell candidate since Jul 12, 2024 PDF

The Commercial Vehicle Group stock price fell by -1.62% on the last day (Friday, 12th Jul 2024) from $4.95 to $4.87. During the last trading day the stock fluctuated 5.48% from a day low at $4.84 to a day high of $5.10. The price has been going up and down for this period, and there has been a -2.4% loss 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 -4 thousand shares and in total, 158 thousand shares were bought and sold for approximately $769.35 thousand.

The stock lies in the middle of a 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 -23.64% during the next 3 months and, with a 90% probability hold a price between $3.38 and $3.85 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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CVGI Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, July 05, 2024, and so far it has risen 7.03%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Commercial Vehicle Group 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 $5.08. On a fall, the stock will find some support from the short-term average at $4.76. 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. 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 Commercial Vehicle Group stock

Commercial Vehicle Group finds support from accumulated volume at $4.82 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 $0.265 between high and low, or 5.48%. For the last week the stock has had daily average volatility of 4.00%.

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

Trading Expectations (CVGI) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect Commercial Vehicle Group to open at $4.94, and during the day (based on 14 day Average True Range), to move between $4.66 and $5.08, which gives a possible trading interval of +/-$0.213 (+/-4.37%) up or down from last closing price. If Commercial Vehicle Group takes out the full calculated possible swing range there will be an estimated 8.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $4.90 (0.62%) than the support at $4.82 (1.03%), 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 Commercial Vehicle Group stock A Buy?

Commercial Vehicle Group 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.224 Sell Candidate Downgraded

Predicted Opening Price for Commercial Vehicle Group of Monday, July 15, 2024

Fair opening price July 15, 2024 Current price
$4.94 ( 1.33%) $4.87

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

Trading levels for CVGI

Fibonacci Support & Resistance Levels

Level Price
R3 5.20 6.78%
R2 5.10 4.70%
R1 5.04 3.41%
Price 4.87
S1 4.83 -0.744%
S2 4.77 -2.03%
S3 4.67 -4.11%

Accumulated Volume Support & Resistance Levels

Level Price
R3 5.60 14.99%
R2 5.15 5.75%
R1 4.90 0.616%
Price 4.87
S1 4.82 -1.03%
S2 4.71 -3.29%
S3 4.55 -6.57%

FAQ

What is the symbol for Commercial Vehicle Group Stock and on which exchange is it traded?
The symbol for Commercial Vehicle Group is CVGI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Commercial Vehicle Group Stock?
Commercial Vehicle Group 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Commercial Vehicle Group Stock?
Commercial Vehicle Group Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Commercial Vehicle Group Stock.

What's the current price of Commercial Vehicle Group Stock?
As of the end of day on the Jul 12, 2024, the price of an Commercial Vehicle Group (CVGI) share was $4.87.

What is the 52-week high and low for Commercial Vehicle Group Stock?
The 52-week high for Commercial Vehicle Group Stock is $11.96 and the 52-week low is $4.47.

What is the market capitalization of Commercial Vehicle Group Stock?
As of the Jul 12, 2024, the market capitalization of Commercial Vehicle Group is 167.42M.

When is the next earnings date for Commercial Vehicle Group?
The upcoming earnings date for Commercial Vehicle Group is Aug 06, 2024.
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About Commercial Vehicle Group

Commercial Vehicle Group Commercial Vehicle Group, Inc., together with its subsidiaries, designs, manufactures, produces, and sells components and assemblies in North America, Europe, and the Asia-Pacific regions. It operates in four segments: Vehicle Solutions, Warehouse Automation, Electrical Systems, and Aftermarket & Accessories. The company offers electrical wire harness assemblies that function as current carrying devices in providing electrical interconnections fo... CVGI Profile

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