Cablevisión Holding S.A. Stock Forecast
Cablevisión Holding S.A. stock price ended at $3.86 on Thursday, after losing 0%.
(Updated on Jun 20, 2024)
No changes to the price of Cablevisión Holding S.A. stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $3.86 to a day high of $3.86. The price has been going up and down for this period, and there has been a -2.28% loss for the last 2 weeks.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.70 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.25% during the next 3 months and, with a 90% probability hold a price between $3.82 and $4.91 at the end of this 3-month period.
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CVHSY Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has fallen 0%. 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 Cablevisión Holding S.A. 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 $3.87 and $4.09. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Cablevisión Holding S.A. stock
Cablevisión Holding S.A. finds support from accumulated volume at $3.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $3.63 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (CVHSY) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Cablevisión Holding S.A. to open at $3.86, and during the day (based on 14 day Average True Range), to move between $3.69 and $4.03, which gives a possible trading interval of +/-$0.173 (+/-4.47%) up or down from last closing price. If Cablevisión Holding S.A. takes out the full calculated possible swing range there will be an estimated 8.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.85 (0.26%) than the resistance at $3.90 (1.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cablevisión Holding S.A. stock A Buy?
Cablevisión Holding S.A. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Cablevisión Holding S.A. of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
$3.86 ( 0%) | $3.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CVHSY
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3.86 | - |
R2 | 3.86 | - |
R1 | 3.86 | - |
Price | 3.86 | |
S1 | 3.86 | - |
S2 | 3.86 | - |
S3 | 3.86 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4.59 | 18.91% |
R2 | 3.95 | 2.33% |
R1 | 3.90 | 1.04% |
Price | 3.86 | |
S1 | 3.85 | -0.259% |
S2 | 3.81 | -1.42% |
S3 | 3.60 | -6.74% |
CVHSY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 19, 2023 | May 19, 2023 | May 19, 2023 | $0.228 | 9.54% |
2 | Aug 05, 2022 | Aug 05, 2022 | Aug 15, 2022 | $0.212 | 6.31% |
3 | May 11, 2020 | May 11, 2020 | May 11, 2020 | $0.0650 | 1.23% |
FAQ
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