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Weaker Hold
Today CVLT ranks #6952 as hold candidate. Get a Free Stock at Robinhood
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CommVault Systems Stock Forecast NASDAQ:CVLT

$64.39 (-1.74%)

Volume: 254k

Closed: Nov 26, 2021

Hollow Logo Score: -0.739

CommVault Systems Stock Forecast

$64.39 (-1.74%)

Volume: 254k

Closed: Nov 26, 2021

Score Hollow Logo -0.739
Which way will CVLT go? Request
Stop-loss: $60.39 (-6.21%)
Key Stats
P/E Ratio 124.37
Beta 1.39
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 34 and the stock is currently not being overbought or oversold

Red day on Friday for CommVault Systems stock after losing 1.74%
(Updated on Nov 26, 2021)


Hold candidate since 2021-11-23 Gain 2.34%

The CommVault Systems stock price fell by -1.74% on the last day (Friday, 26th Nov 2021) from $65.53 to $64.39. During the day the stock fluctuated 2.10% from a day low at $63.47 to a day high of $64.80. The price has fallen in 7 of the last 10 days and is down by -3.88% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 254 thousand shares were bought and sold for approximately $16.33 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -21.59% during the next 3 months and, with a 90% probability hold a price between $42.87 and $54.12 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, October 27, 2021, and so far it has risen 5.54%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $68.31. On a fall, the stock will find some support from the short-term average at $64.13. 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

CommVault Systems finds support from accumulated volume at $64.34 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.33 between high and low, or 2.10%. For the last week, the stock has had a daily average volatility of 3.03%.

Our recommended stop-loss: $60.39 (-6.21%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)

Is CommVault Systems stock A Buy?

CommVault Systems holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.739

Predicted Opening Price for CommVault Systems of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$64.22 $64.39 (Overvalued)
Hold/Accumulate Unchanged

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Analyst Ratings

On Oct 27, 2021 "Royal Bank of Canada" gave "$75.00 - $66.00" rating for CVLT. The price target was changed from $61.04 to 19.4%.

Volatility and Risk
Daily Average Volatility: 3.03 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.03 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $65.46
Price: $64.39
Support: $64.34

CVLT Insider Trading Show all Trades

INSIDER POWER

0.407

Last 100 transactions
Buy: 124 842 | Sell: 306 839 (Shares)
Date Action Amount Person Type
Nov 23, 2021 Sell 699 Di Blasio Riccardo Common Stock
Nov 23, 2021 Sell 1 122 Carolan Brian Common Stock
Nov 23, 2021 Sell 203 Whalen James J. Common Stock
Nov 23, 2021 Sell 427 Merrill Gary Common Stock
Nov 23, 2021 Sell 2 892 Mirchandani Sanjay Common Stock
Show all Insider Trades
INSIDER POWER

0.407

Last 100 transactions
Buy: 124 842 | Sell: 306 839 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 65.55 1.80 %
65.04 1.01 %
64.73 0.53 %
Current price: 64.39
Support 63.71 -1.05 %
63.40 -1.54 %
62.89 -2.33 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 74.45 15.62 %
74.03 14.97 %
65.46 1.66 %
Current price 64.39
Support 64.34 -0.0777%
61.04 -5.20%
61.01 -5.25%

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About CommVault Systems

CommVault Systems CommVault Systems, Inc. provides data and information management software applications and related services in North America, Europe, Australia, and Asia. The company provides data protection-backup and recovery, cloud and infrastructure management, and retention and compliance software solutions. Its software platform features include data protection solutions to support operating systems, applications, and databases on virtual and physical serv... Read more

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