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AI Analysis of CVLT
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Green day on Monday for CommVault Systems stock after gaining 0.706%
(Updated on Apr 22, 2024)

Sell candidate since Apr 19, 2024 Gain 0.71% PDF

The CommVault Systems stock price gained 0.706% on the last trading day (Monday, 22nd Apr 2024), rising from $94.87 to $95.54. During the last trading day the stock fluctuated 1.64% from a day low at $94.29 to a day high of $95.84. The price has fallen in 6 of the last 10 days and is down by -4.11% for this period. Volume fell on the last day by -41 thousand shares and in total, 145 thousand shares were bought and sold for approximately $13.89 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 strong 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 12.70% during the next 3 months and, with a 90% probability hold a price between $102.42 and $117.73 at the end of this 3-month period.

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CVLT 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 CommVault Systems stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $98.20. On a fall, the stock will find some support from the short-term average at $95.08. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -5.81%. 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 CommVault Systems stock

CommVault Systems finds support from accumulated volume at $94.64 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 $1.55 (1.64%) between high and low. For the last week, the stock has had daily average volatility of 1.97%.

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

Trading Expectations (CVLT) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect CommVault Systems to open at $95.22, and during the day (based on 14 day Average True Range), to move between $93.43 and $97.65, which gives a possible trading interval of +/-$2.11 (+/-2.21%) up or down from last closing price. If CommVault Systems takes out the full calculated possible swing range there will be an estimated 4.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $95.71 (0.18%) than the support at $94.64 (0.94%), 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.

Earnings coming up

CommVault Systems will release earnings BMO on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.730. We will update the financials statements for CommVault Systems, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.40% in the first trading day after earnings release.

Is CommVault Systems stock A Buy?

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

Current score: -3.803 Sell Candidate Unchanged

Predicted Opening Price for CommVault Systems of Tuesday, April 23, 2024

Fair opening price April 23, 2024 Current price
$95.22 ( 0.331%) $95.54

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

Trading levels for CVLT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 96.77 1.29 %
R2 96.18 0.671 %
R1 95.82 0.288 %
Current price: 95.54
Support S1 94.63 -0.95 %
S2 94.27 -1.33 %
S3 93.67 -1.95 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 97.92 2.49 %
R2 97.91 2.48 %
R1 95.71 0.178 %
Current price 95.54
Support S1 94.64 -0.94%
S2 91.68 -4.04%
S3 88.07 -7.82%

FAQ

What is the symbol for CommVault Systems Stock and on which exchange is it traded?
The symbol for CommVault Systems is CVLT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

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

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

What's the current price of CommVault Systems Stock?
As of the end of day on the Apr 22, 2024, the price of an CommVault Systems (CVLT) share was $95.54.

What is the 52-week high and low for CommVault Systems Stock?
The 52-week high for CommVault Systems Stock is $102.22 and the 52-week low is $56.76.

What is the market capitalization of CommVault Systems Stock?
As of the Apr 22, 2024, the market capitalization of CommVault Systems is 4.171B.

When is the next earnings date for CommVault Systems?
The upcoming earnings date for CommVault Systems is Apr 30, 2024.
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About CommVault Systems

CommVault Systems Commvault Systems, Inc. provides data protection and information management software applications and related services in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; and Commvault Complete Data Protection, a data protection solution. It also provides Commvault HyperScale X, an easy-to-deploy scale... CVLT Profile

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