CPI Aerostructures, Inc Stock Forecast
Red day on Monday for CPI Aerostructures, Inc
(Updated on Apr 15, 2024)
The CPI Aerostructures, Inc stock price fell by -4.75% on the last day (Monday, 15th Apr 2024) from $2.85 to $2.71. During the last trading day the stock fluctuated 9.36% from a day low at $2.67 to a day high of $2.92. The price has risen in 7 of the last 10 days and is up by 13.87% over the past 2 weeks. Volume has increased on the last day by 48 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, 113 thousand shares were bought and sold for approximately $306.19 thousand.
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 -7.24% during the next 3 months and, with a 90% probability hold a price between $2.06 and $2.64 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.
CVU Signals & Forecast
The CPI Aerostructures, 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 $2.66 and $2.50. A breakdown below any of these levels will issue sell signals. 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 Friday, April 12, 2024, and so far it has fallen -4.75%. Further fall is indicated until a new bottom pivot has been found. CPI Aerostructures, 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".
Support, Risk & Stop-loss for CPI Aerostructures, Inc stock
CPI Aerostructures, Inc finds support from accumulated volume at $2.60 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 $0.250 between high and low, or 9.36%. For the last week, the stock has had daily average volatility of 8.57%.
Our recommended stop-loss: $2.59 (-4.44%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (CVU) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect CPI Aerostructures, Inc to open at $2.77, and during the day (based on 14 day Average True Range), to move between $2.55 and $2.87, which gives a possible trading interval of +/-$0.161 (+/-5.95%) up or down from last closing price. If CPI Aerostructures, Inc takes out the full calculated possible swing range there will be an estimated 11.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.75 (1.48%) than the support at $2.60 (4.24%), 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 CPI Aerostructures, Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.316 Buy Candidate Unchanged
Predicted Opening Price for CPI Aerostructures, Inc of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $2.77 ( 2.09%) | $2.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CVU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.02 | 11.31 % | |
| R2 | 2.92 | 7.79 % | ||
| R1 | 2.86 | 5.61 % | ||
| Current price: | 2.71 | |||
| Support | S1 | 2.67 | -1.43 % | |
| S2 | 2.61 | -3.61 % | ||
| S3 | 2.52 | -7.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.79 | 2.96 % | |
| R2 | 2.76 | 1.85 % | ||
| R1 | 2.75 | 1.48 % | ||
| Current price | 2.71 | |||
| Support | S1 | 2.60 | -4.24% | |
| S2 | 2.59 | -4.43% | ||
| S3 | 2.56 | -5.54% |
FAQ
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