CVD Equipment Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for CVD Equipment Corporation stock after gaining 0.241%
(Updated on Apr 26, 2024)
The CVD Equipment Corporation stock price gained 0.241% on the last trading day (Friday, 26th Apr 2024), rising from $4.48 to $4.49. During the last trading day the stock fluctuated 2.49% from a day low at $4.42 to a day high of $4.53. The price has fallen in 6 of the last 10 days and is down by -11.42% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately $22.16 thousand.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $4.38 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect CVD Equipment Corporation stock with a 90% probability to be traded between $4.45 and $6.11 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CVV Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 2.76%. Further rise is indicated until a new top pivot has been found. CVD Equipment Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CVD Equipment Corporation 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 $4.50 and $4.91. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for CVD Equipment Corporation stock
CVD Equipment Corporation finds support from accumulated volume at $4.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.110 between high and low, or 2.49%. For the last week, the stock has had daily average volatility of 4.54%.
CVD Equipment Corporation is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $4.23 (-5.74%) (This stock has high daily movements and this gives high risk. Low RSI14 is 19 which reduces the risk some. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (CVV) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect CVD Equipment Corporation to open at $4.48, and during the day (based on 14 day Average True Range), to move between $4.18 and $4.81, which gives a possible trading interval of +/-$0.316 (+/-7.03%) up or down from last closing price. If CVD Equipment Corporation takes out the full calculated possible swing range there will be an estimated 14.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.48 (0.35%) than the resistance at $4.87 (8.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CVD Equipment Corporation stock A Buy?
CVD Equipment Corporation 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.
Current score: 0.263 Hold/Accumulate Unchanged
Predicted Opening Price for CVD Equipment Corporation of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $4.48 ( 0.234%) | $4.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CVV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.59 | 2.21 % | |
| R2 | 4.55 | 1.28 % | ||
| R1 | 4.52 | 0.701 % | ||
| Current price: | 4.49 | |||
| Support | S1 | 4.44 | -1.17 % | |
| S2 | 4.41 | -1.75 % | ||
| S3 | 4.37 | -2.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.31 | 18.24 % | |
| R2 | 4.92 | 9.56 % | ||
| R1 | 4.87 | 8.44 % | ||
| Current price | 4.49 | |||
| Support | S1 | 4.48 | -0.352% | |
| S2 | 4.38 | -2.47% | ||
| S3 | 4.37 | -2.69% |
FAQ
Click here for our free guide on how to buy CVD Equipment Corporation Stock.
