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