CVB Financial (CVBF, $16.04) was a top loser this quarter, falling -34.95%. Expect a Downtrend reversal
CVB Financial Corp (CVBF) has been experiencing a downtrend in the last quarter, dropping by 34.95% to $16.04 per share. The decline in price has been significant, and investors may be wondering if there is a possibility of a downtrend reversal in the near future. To analyze this, we can use the A.I.dvisor platform, which analyzed 986 stocks in the Regional Banks Industry for the 3-month period ending April 11, 2023, and found that 93.06% of them demonstrated a Downtrend.
However, in the case of CVBF, A.I.dvisor found 23 similar cases where the price dropped 15% within three months, and in all those cases, the price went up during the following month. This historical data suggests that the odds of a downtrend reversal for CVBF are 90%. Therefore, there may be a chance for a price recovery in the near future.
But we should also consider the recent price action of CVBF. On April 12, 2023, CVBF continued its downward trend, declining for three consecutive days by 1.67%. This is viewed as a bearish sign and may indicate a possibility of further declines in the future. According to historical data, in 152 out of 286 cases where CVBF declined for three days, the price declined further within the following month. This suggests that the odds of a continued downward trend are 53%.
Therefore, investors should keep a close eye on CVBF in the coming days to see if the current downtrend continues or if a reversal occurs. The earnings results for the company may also play a crucial role in the stock's future price movements. In the previous quarter, CVBF reported earnings of $0.43 per share, beating the consensus estimate by $0.01. The company's revenue for the quarter was $153.90 million, which also beat the consensus estimate by $4.39 million. These positive earnings results may have a positive impact on the stock price in the future. However, investors should note that past performance is not indicative of future results, and it is crucial to conduct proper due diligence before making investment decisions.
CVBF's RSI Indicator climbs out of oversold territory
The RSI Oscillator for CVBF moved out of oversold territory on May 17, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 23 similar instances when the indicator left oversold territory. In of the 23 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 22, 2023. You may want to consider a long position or call options on CVBF as a result. In of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CVBF just turned positive on May 17, 2023. Looking at past instances where CVBF's MACD turned positive, the stock continued to rise in of 56 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CVBF advanced for three days, in of 282 cases, the price rose further within the following month. The odds of a continued upward trend are .
CVBF may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CVBF declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for CVBF entered a downward trend on May 23, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.882) is normal, around the industry mean (0.944). P/E Ratio (7.077) is within average values for comparable stocks, (14.767). Projected Growth (PEG Ratio) (1.466) is also within normal values, averaging (2.156). Dividend Yield (0.063) settles around the average of (0.048) among similar stocks. P/S Ratio (3.074) is also within normal values, averaging (2.377).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. CVBF’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CVBF’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock worse than average.
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