CV Sciences, Inc. Stock Forecast

Big movements in CV Sciences, Inc. stock price on Friday moving 23.32% between high and low
(Updated on May 03, 2024)

CVSI Signals & Forecast

The CV Sciences, Inc. 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 $0.0416 and $0.0386. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 13.84%. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for CV Sciences, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0410 and $0.0400. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, CV Sciences, Inc. finds support just below today's level at $0.0410. If this is broken, then the next support from accumulated volume will be at $0.0400 and $0.0380.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0087 between high and low, or 23.32%. For the last week the stock has had daily average volatility of 35.69%.

Our recommended stop-loss: $0.0425 (-3.32%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (CVSI) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect CV Sciences, Inc. to open at $0.0424, and during the day (based on 14 day Average True Range), to move between $0.0368 and $0.0512, which gives a possible trading interval of +/-$0.0072 (+/-16.40%) up or down from last closing price. If CV Sciences, Inc. takes out the full calculated possible swing range there will be an estimated 32.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0410 (6.82%) than the resistance at $0.0486 (10.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CV Sciences, Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CV Sciences, Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 4.523 Buy Candidate Upgraded

Predicted Opening Price for CV Sciences, Inc. of Monday, May 6, 2024

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