Calavo Growers Stock Forecast

Sell candidate since Nov 26, 2024 Loss -2.41%

The Calavo Growers stock price fell by -2.76% on the last day (Wednesday, 4th Dec 2024) from $27.54 to $26.78. During the last trading day the stock fluctuated 3.48% from a day low at $26.75 to a day high of $27.68. The price has risen in 6 of the last 10 days but is still down by -1.18% for this period. Volume has increased on the last day by 14 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, 116 thousand shares were bought and sold for approximately $3.09 million.

The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Calavo Growers stock with a 90% probability to be traded between $23.16 and $29.16 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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CVGW Signals & Forecast

There are few to no technical positive signals at the moment. The Calavo Growers 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 $27.54 and $27.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, September 12, 2024, and so far it has fallen -9.65%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Calavo Growers stock

Calavo Growers finds support from accumulated volume at $26.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.93 (3.48%) between high and low. For the last week, the stock has had daily average volatility of 2.13%.

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

Trading Expectations (CVGW) For The Upcoming Trading Day Of Thursday 5th

For the upcoming trading day on Thursday, 5th we expect Calavo Growers to open at $27.07, and during the day (based on 14 day Average True Range), to move between $26.06 and $27.50, which gives a possible trading interval of +/-$0.719 (+/-2.69%) up or down from last closing price. If Calavo Growers takes out the full calculated possible swing range there will be an estimated 5.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $26.62 (0.60%) than the resistance at $28.18 (5.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Calavo Growers stock A Buy?

Calavo Growers holds several negative signals and is within a very 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.

Current score: -4.342 Sell Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on December 5, 2024 - $27.07 ( 1.08%).