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Commercial Vehicle Group Stock Forecast NASDAQ:CVGI

$8.89 (-1.11%)

Volume: 283k

Closed: Nov 29, 2021

Hollow Logo Score: -5.294

Commercial Vehicle Group Stock Forecast

$8.89 (-1.11%)

Volume: 283k

Closed: Nov 29, 2021

Score Hollow Logo -5.294
Which way will CVGI go? Request
Key Stats
P/E Ratio 17.29
Beta 1.32
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 44 and the stock is currently not being overbought or oversold

Commercial Vehicle Group stock downgraded from Sell Candidate to Strong Sell Candidate after Monday trading session.
(Updated on Nov 29, 2021)

Sell candidate since 2021-11-17 Loss -2.31%

The Commercial Vehicle Group stock price fell by -1.11% on the last day (Monday, 29th Nov 2021) from $8.99 to $8.89. and has now fallen 5 days in a row. During the day the stock fluctuated 2.95% from a day low at $8.82 to a day high of $9.08. The price has fallen in 6 of the last 10 days and is down by -1.66% for this period. Volume has increased on the last day by 48 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 283 thousand shares were bought and sold for approximately $2.52 million.

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 -5.34% during the next 3 months and, with a 90% probability hold a price between $8.06 and $9.73 at the end of this 3-month period.

Signals & Forecast

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 Commercial Vehicle Group stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $9.14 and $9.59. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, October 25, 2021, and so far it has fallen -15.33%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.26 between high and low, or 2.95%. For the last week, the stock has had a daily average volatility of 2.41%.

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

Is Commercial Vehicle Group stock A Buy?

Commercial Vehicle Group holds several negative signals and is within a wide and falling trend, so we believe 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 Sell to a Strong Sell candidate.

Current score: -5.294

Predicted Opening Price for Commercial Vehicle Group of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$8.93 $8.89 (Undervalued)
Strong Sell Candidate Downgraded

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Analyst Ratings

On Nov 05, 2021 "Barrington Research" gave "$17.00 - $15.00" rating for CVGI. The price target was set to $8.99+0.1%.

Volatility and Risk
Daily Average Volatility: 2.41 %
Overall Risk: Very High High Medium Low Very Low
2.41 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $9.12
Price: $8.89
No Support Found

CVGI Insider Trading Show all Trades



Last 100 transactions
Buy: 2 593 758 | Sell: 2 337 062 (Shares)
Date Action Amount Person Type
Aug 19, 2021 Buy 3 000 Bohnert Christopher H Common Stock, $0.01 par value
Aug 18, 2021 Buy 33 500 Bevis Harold C Common Stock, $0.01 par value
Aug 17, 2021 Buy 20 935 Bevis Harold C Common Stock, $0.01 par value
Jul 01, 2021 Buy 10 669 Gratzke Ruth Common Stock, $0.01 par value
Jul 01, 2021 Buy 10 669 Nauman J Michael Common Stock, $0.01 par value
Show all Insider Trades


Last 100 transactions
Buy: 2 593 758 | Sell: 2 337 062 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 9.19 3.37 %
9.09 2.26 %
9.03 1.57 %
Current price: 8.89
Support 8.83 -0.67 %
8.77 -1.36 %
8.67 -2.47 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 10.08 13.39 %
9.53 7.20 %
9.12 2.59 %
Current price 8.89
Support 0 .
0 .
0 .

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About Commercial Vehicle Group

Commercial Vehicle Group Commercial Vehicle Group, Inc., together with its subsidiaries, designs, engineers, produces, and sells various cab related products and systems in North America, Europe, and the Asia/Pacific regions. It operates through two segments, the Global Truck and Bus, and the Global Construction and Agriculture. The Global Truck and Bus Segment provides seats and seating systems, including mechanical and air suspension seats, static seats, bus seats, and... Read more

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