Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

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 CVGW
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Calavo Growers stock price ended at $27.75 on Wednesday, after gaining 2.36%.
(Updated on Mar 27, 2024)

Sell candidate since Mar 22, 2024 PDF

The Calavo Growers stock price gained 2.36% on the last trading day (Wednesday, 27th Mar 2024), rising from $27.11 to $27.75. During the last trading day the stock fluctuated 3.10% from a day low at $26.92 to a day high of $27.75. The price has fallen in 8 of the last 10 days and is down by -5.9% for this period. Volume fell on the last day by -12 thousand shares and in total, 136 thousand shares were bought and sold for approximately $3.76 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.23% during the next 3 months and, with a 90% probability hold a price between $25.46 and $30.28 at the end of this 3-month period.

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CVGW Signals & Forecast

Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $28.03 and $28.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -5.95%. 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).

Support, Risk & Stop-loss for Calavo Growers stock

Calavo Growers finds support from accumulated volume at $27.37 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 $0.84 (3.10%) between high and low. For the last week, the stock has had daily average volatility of 3.11%.

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 28th

For the upcoming trading day on Thursday, 28th we expect Calavo Growers to open at $27.47, and during the day (based on 14 day Average True Range), to move between $26.74 and $28.76, which gives a possible trading interval of +/-$1.01 (+/-3.65%) up or down from last closing price. If Calavo Growers takes out the full calculated possible swing range there will be an estimated 7.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $27.37 (1.37%) than the resistance at $28.70 (3.42%), 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?

The Calavo Growers stock holds several negative signals and despite the positive trend, we believe Calavo Growers will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.016 Sell Candidate Unchanged

Predicted Opening Price for Calavo Growers of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$27.47 ( 1.00%) $27.75

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

Trading levels for CVGW

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 28.31 2.01 %
R2 27.99 0.86 %
R1 27.79 0.146 %
Current price: 27.75
Support S1 27.15 -2.15 %
S2 26.96 -2.86 %
S3 26.64 -4.01 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 29.51 6.32 %
R2 28.86 4.00 %
R1 28.70 3.42 %
Current price 27.75
Support S1 27.37 -1.37%
S2 26.57 -4.25%
S3 24.50 -11.71%

CVGW Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 11, 2024 Mar 28, 2024 Apr 29, 2024 $0.100 0.360%
2 Jan 25, 2024 Jan 25, 2024 Jan 31, 2024 $0.100 0.383%
3 Sep 06, 2023 Sep 26, 2023 Oct 11, 2023 $0.100 0.386%
4 Jun 05, 2023 Jun 26, 2023 Jul 11, 2023 $0.100 0.347%
5 Mar 12, 2023 Mar 23, 2023 Jul 11, 2023 $0.100 0.347%

FAQ

What is the symbol for Calavo Growers Stock and on which exchange is it traded?
The symbol for Calavo Growers is CVGW and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Calavo Growers Stock?
The Calavo Growers stock holds several negative signals and despite the positive trend, we believe Calavo Growers will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

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

What's the current price of Calavo Growers Stock?
As of the end of day on the 2024-03-27, the price of an Calavo Growers (CVGW) share was $27.75.

What is the 52-week high and low for Calavo Growers Stock?
The 52-week high for Calavo Growers Stock is $38.77 and the 52-week low is $21.42.

What is the market capitalization of Calavo Growers Stock?
As of the 2024-03-27, the market capitalization of Calavo Growers is 482.566M.

When is the next earnings date for Calavo Growers?
The upcoming earnings date for Calavo Growers is Jun 04, 2024.
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About Calavo Growers

Calavo Growers Calavo Growers, Inc. markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers worldwide. It operates in three segments: Fresh Products, Calavo Foods, and Renaissance Food Group (RFG). The Fresh products segment distributes avocados and other fresh produce products comprising tomatoes and papayas; and proc... CVGW Profile

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