Stock Forecast Chart
Stock Price Prediction Summary
Forecast Score Based on 2 Weeks
Based on our forecast, the price of CBD will rise by +38.40% over the next 2 Weeks and hit $0.62 by Friday, May 31, 2024. In that time frame, CBD's share price is expected to range between $0.58 and $0.65.
BearishAverageBullishCBD shares fell -3.05% in Thursday, April 18, 2024's trading session, dropping from a previous close of $0.46 to move at $0.45. The stock demonstrated notable intraday movement (see CBD's key stats for a full breakdown), fluctuating between $0.45 and $0.46, a +3.37% trading range. While recent weeks have seen some volatility, CBD has managed to secure a -28.11% drop over the past 2 weeks. The downward price movement was accompanied by decreased trading volume, with approximately 56.61K shares changing hands, 44.17K fewer than the previous session. This amounted to $25.19K in total market activity.
Will CBD Continue Its Upward Trend?
According to analyst ratings and projections for CBD, Companhia Brasileira de Distribuição shares are anticipated to increase by +30.26%, potentially reaching $0.64 per share by May 31, 2024. Short-term technical indicators currently suggest a bullish sentiment for CBD. However, the stock has recorded 18 negative trading days within the past 30 sessions. Based on the CBD stock forecast, now is a good time to buy CBD stock because its current trading price is -23.10% below our predicted value, hinting at a possible overvaluation. For deeper insights, view our sentiment analysis on CBD covering social and institutional perspectives.
CBD Technical Momentum: Overbought, Oversold, or Neutral?
An analysis of Relative Strength Index (RSI) indicators provides insight into CBD's momentum. Short-term RSIs (9, 14, and 20-day figures ranging from 43.90% to 46.08%) suggest the stock is in a neutral to slightly bearish momentum phase. The 50-day RSI, at 45.36%, suggests a neutral medium-term outlook. Additionally, the 100-day RSI, at 45.90%, maintains a neutral outlook for the long term. Insights into CBD's shareholder base show how institutional investors are positioning themselves during these momentum shifts
Companhia Brasileira de Distribuição Monthly Forecast 2024–2025
September 2024
According to our latest forecast models, Companhia Brasileira de Distribuição (CBD) is positioned to show a strong performance in September 2024. The price is predicted to move between $0.00 and $0.83, settling at an average of $0.29. This could translate to a -34.83% loss.
October 2024
Based on current market signals, Companhia Brasileira de Distribuição is projected to trend october 2024. We forecast a trading range from $0.00 to $0.79, with a likely average price of $0.22. Investors could expect a potential return of -50.56%.
November 2024
Our predictive algorithms indicate Companhia Brasileira de Distribuição stock may see a shift in November 2024. The expected range spans $0.00–$0.75, with an average target of $0.18. This represents a cautious outlook and a possible loss of -59.55%.
December 2024
Analyzing established trends, Companhia Brasileira de Distribuição looks set to move in December 2024. Projections place the stock between $0.00 and $0.70, averaging around $0.11. This suggests a -75.28% loss from current levels.
January 2025
Market indicators suggest Companhia Brasileira de Distribuição could experience notable changes during January 2025. Prices could fluctuate within $0.00 to $0.70, with a midpoint forecast of $0.12. The stock might deliver a -73.03% loss.
February 2025
Forecasting for February 2025, models estimate that Companhia Brasileira de Distribuição may undergo key fluctuations. If trends hold, the stock might trade between $0.00 and $0.69, averaging $0.12. This signals a cautious trajectory with potential returns around -73.03%.
March 2025
According to our latest forecast models, Companhia Brasileira de Distribuição (CBD) is positioned to show a strong performance in March 2025. The price is predicted to move between $0.00 and $0.65, settling at an average of $0.08. This could translate to a -82.02% loss.
April 2025
Based on current market signals, Companhia Brasileira de Distribuição is projected to trend april 2025. We forecast a trading range from $0.00 to $0.66, with a likely average price of $0.07. Investors could expect a potential return of -84.27%.
May 2025
Our predictive algorithms indicate Companhia Brasileira de Distribuição stock may see a shift in May 2025. The expected range spans $0.00–$0.65, with an average target of $0.05. This represents a cautious outlook and a possible loss of -88.76%.
CBD's history of dividends and stock splits also plays a role in long-term investor confidence.