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 CVLT
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CommVault Systems stock upgraded to Strong Buy Candidate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Jan 10, 2024 Gain 32.02% PDF

The CommVault Systems stock price gained 1.17% on the last trading day (Thursday, 28th Mar 2024), rising from $100.26 to $101.43. During the last trading day the stock fluctuated 1.62% from a day low at $100.23 to a day high of $101.85. The price has risen in 6 of the last 10 days and is up by 1.58% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 78 thousand more shares were traded than the day before. In total, 235 thousand shares were bought and sold for approximately $23.89 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $100.30 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 33.28% during the next 3 months and, with a 90% probability hold a price between $133.68 and $150.40 at the end of this 3-month period.

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CVLT Signals & Forecast

The CommVault Systems stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $100.07 and $96.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, January 05, 2024, and so far it has risen 37.12%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $97.91 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.62 between high and low, or 1.62%. For the last week the stock has had daily average volatility of 1.30%.

Our recommended stop-loss: $97.60 (-3.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 57 days ago.)

Trading Expectations (CVLT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect CommVault Systems to open at $101.17, and during the day (based on 14 day Average True Range), to move between $99.58 and $103.28, which gives a possible trading interval of +/-$1.85 (+/-1.83%) up or down from last closing price. If CommVault Systems takes out the full calculated possible swing range there will be an estimated 3.66% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $97.91, some $3.52 (3.47%) from the current price of $101.43, our system finds the risk reward attractive.

Is CommVault Systems stock A Buy?

CommVault Systems holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 8.574 Strong Buy Candidate Upgraded

Predicted Opening Price for CommVault Systems of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$101.17 ( 0.256%) $101.43

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 102.79 1.34 %
R2 102.17 0.731 %
R1 101.79 0.354 %
Current price: 101.43
Support S1 100.55 -0.87 %
S2 100.17 -1.24 %
S3 99.55 -1.85 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 101.43
Support S1 97.91 -3.47%
S2 94.64 -6.69%
S3 88.07 -13.17%

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?
CommVault Systems holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

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 2024-03-28, the price of an CommVault Systems (CVLT) share was $101.43.

What is the 52-week high and low for CommVault Systems Stock?
The 52-week high for CommVault Systems Stock is $101.85 and the 52-week low is $54.91.

What is the market capitalization of CommVault Systems Stock?
As of the 2024-03-28, the market capitalization of CommVault Systems is 4.429B.

When is the next earnings date for CommVault Systems?
The upcoming earnings date for CommVault Systems is May 07, 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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