Tickers analyzed: 18 | Updated: 2020-02-17 | Next Update: 2020-02-18
Today's Case: Corbion NV (CRBN)
CRBN.AS Stock Forecast and Technical Analysis
Buy or Hold candidate since 2020-01-01 Gain 15.43% PDF
Corbion NV gained 1.25% in the last trading day ( Monday, 17th Feb 2020 ), rising from 32.06€ to 32.46€ During the day the stock fluctuated 1.75% from a day low at 31.94€ to a day high of 32.50€. The price has risen in 4 of the last 10 days and is up by 4.37% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 4 946 more shares were traded than the day before. In total, 44 683 shares bought and sold for approximately 1.45€ million.
CRBN.AS Stock Price Summary
- 30 day high of the CRBN.AS stock price was 32.50€ and low was 28.80€.
- 90 day high was 32.50€ and low was 27.10€.
- 52 week high for Corbion NV - 32.50€ and low - 24.00€.
Corbion NV lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 32.74€ will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 15.11% during the next 3 months and, with 90% probability hold a price between 34.54€ and 37.69€ at the end of this period.
Only positive signals in the chart today. Corbion NV holds buy signals from both short- and long-term moving averages. In addition, 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 31.93€ and 30.00€. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday February 10, 2020, which indicates further gains until a new top pivot has been found. Corbion NV has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
CRBN.AS Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock holds a RSI14 at 79 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
CRBN.AS Support & Resistance
Corbion NV finds support from accumulated volume at 31.20€.
CRBN.AS Stock Risk
This stock may move much during a 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 0.56€ between high and low, or 1.75%. For the last week, the stock has had a daily average volatility of 1.68%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: 30.91€ (-4.77%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from pivot bottom found 5 days ago.)
1.68 %Average volatility
Very Low Low Medium High Very High
CRBN.AS Stock Evaluation
Corbion NV holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate candidate.