Cablevisión Holding S.A. Stock Forecast

Stronger technical forecast for Cablevisión Holding S.A. stock price after Wednesday trading.
(Updated on Jun 26, 2024)

CVHSY Signals & Forecast

There are few to no technical positive signals at the moment. 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 $3.53 and $4.02. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen 0%. 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 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

On the downside, the stock finds support just below today's level from accumulated volume at $2.66. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

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 19.22%

Our recommended stop-loss: $3.35 (-4.22%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (CVHSY) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Cablevisión Holding S.A. to open at $3.50, and during the day (based on 14 day Average True Range), to move between $3.20 and $3.80, which gives a possible trading interval of +/-$0.301 (+/-8.61%) 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 17.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $3.85 (10.00%) than the support at $2.66 (24.00%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

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 Thursday, June 27, 2024

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