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AI Analysis of CVW.V
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CVW CleanTech Inc. stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 14, 2024)

Buy or Hold candidate since May 23, 2024 Gain 24.66% PDF

The CVW CleanTech Inc. stock price fell by -4.21% on the last day (Friday, 14th Jun 2024) from $0.95 to $0.91. During the last trading day the stock fluctuated 1.10% from a day low at $0.91 to a day high of $0.92. The price has risen in 6 of the last 10 days and is up by 13.75% over the past 2 weeks. Volume has increased on the last day by 28 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 104 thousand shares were bought and sold for approximately $94.67 thousand.

The stock lies in the middle of a very 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 24.32% during the next 3 months and, with a 90% probability hold a price between $0.782 and $1.26 at the end of this 3-month period.

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CVW.V Signals & Forecast

The CVW CleanTech Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.96. On a fall, the stock will find some support from the long-term average at approximately $0.730. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -9.00%. Further fall is indicated until a new bottom pivot has been found. CVW CleanTech Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for CVW CleanTech Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.80 and $0.730. 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, CVW CleanTech Inc. finds support just below today's level at $0.80. If this is broken, then the next support from accumulated volume will be at $0.730 and $0.700.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0100 between high and low, or 1.10%. For the last week, the stock has had daily average volatility of 1.93%.

Our recommended stop-loss: $0.87 (-4.62%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 31 days ago.)

Trading Expectations (CVW.V) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect CVW CleanTech Inc. to open at $0.91, and during the day (based on 14 day Average True Range), to move between $0.87 and $0.95, which gives a possible trading interval of +/-$0.0450 (+/-4.94%) up or down from last closing price. If CVW CleanTech Inc. takes out the full calculated possible swing range there will be an estimated 9.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.93 (2.20%) than the support at $0.80 (12.09%), 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.

Is CVW CleanTech Inc. stock A Buy?

CVW CleanTech Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.821 Hold/Accumulate Downgraded

Predicted Opening Price for CVW CleanTech Inc. of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$0.91 ( 0.366%) $0.91

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

Trading levels for CVW.V

Fibonacci Support & Resistance Levels

Level Price
R3 0.92 1.47%
R2 0.92 1.05%
R1 0.92 0.786%
Price 0.91
S1 0.91 -0.0535%
S2 0.91 -0.313%
S3 0.90 -0.733%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.97 6.59%
R2 0.95 4.40%
R1 0.93 2.20%
Price 0.91
S1 0.80 -12.09%
S2 0.730 -19.78%
S3 0.700 -23.08%

FAQ

What is the symbol for CVW CleanTech Inc. Stock and on which exchange is it traded?
The symbol for CVW CleanTech Inc. is CVW.V and it is traded on the TSXV (Toronto Stock Exchange Ventures).

Should I buy or sell CVW CleanTech Inc. Stock?
CVW CleanTech Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

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

What's the current price of CVW CleanTech Inc. Stock?
As of the end of day on the Jun 14, 2024, the price of an CVW CleanTech Inc. (CVW.V) share was $0.91.

What is the 52-week high and low for CVW CleanTech Inc. Stock?
The 52-week high for CVW CleanTech Inc. Stock is $1.29 and the 52-week low is $0.460.

What is the market capitalization of CVW CleanTech Inc. Stock?
As of the Jun 14, 2024, the market capitalization of CVW CleanTech Inc. is 114.289M.

When is the next earnings date for CVW CleanTech Inc.?
The upcoming earnings date for CVW CleanTech Inc. is Aug 27, 2024.
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