CVP.X's Indicator enters downward trend
The Aroon Indicator for CVP.X entered a downward trend on December 17, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 96 similar instances where the Aroon Indicator formed such a pattern. In of the 96 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 01, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on CVP.X as a result. In of 65 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
CVP.X moved below its 50-day moving average on December 09, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for CVP.X crossed bearishly below the 50-day moving average on December 11, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 8 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CVP.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CVP.X advanced for three days, in of 161 cases, the price rose further within the following month. The odds of a continued upward trend are .
CVP.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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CVP.X and Crypto
Correlation & Price change
A.I.dvisor indicates that over the last year, CVP.X has been loosely correlated with FOR.X. These tickers have moved in lockstep 52% of the time. This A.I.-generated data suggests there is some statistical probability that if CVP.X jumps, then FOR.X could also see price increases.
| Ticker / NAME | Correlation To CVP.X | 1D Price Change % | ||
|---|---|---|---|---|
| CVP.X | 100% | -8.76% | ||
| FOR.X - CVP.X | 52% Loosely correlated | +40.55% | ||
| VGX.X - CVP.X | 40% Loosely correlated | +12.46% | ||
| EPX.X - CVP.X | 40% Loosely correlated | +9.32% | ||
| AST.X - CVP.X | 38% Loosely correlated | +4.37% | ||
| DREP.X - CVP.X | 38% Loosely correlated | -4.90% | ||
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