Curis Stock Forecast
Red day on Friday for Curis
(Updated on Apr 26, 2024)
The Curis stock price fell by -0.344% on the last day (Friday, 26th Apr 2024) from $14.52 to $14.47. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.09% from a day low at $14.25 to a day high of $14.69. The price has fallen in 6 of the last 10 days and is down by -5.3% for this period. Volume has increased on the last day by 876 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, 11 thousand shares were bought and sold for approximately $157.91 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 55.23% during the next 3 months and, with a 90% probability hold a price between $19.27 and $28.54 at the end of this 3-month period.
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CRIS Signals & Forecast
A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -13.87%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Curis 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". Some positive signals were issued as well, and these may have some influence on the near short-term development. The Curis stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $14.74. On a fall, the stock will find some support from the long-term average at approximately $13.01. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for Curis stock
On the downside, the stock finds support just below today's level from accumulated volume at $12.68 and $12.32. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Curis finds support just below today's level at $12.68. If this is broken, then the next support from accumulated volume will be at $12.32 and $10.87.
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 $0.440 between high and low, or 3.09%. For the last week, the stock has had daily average volatility of 3.76%.
Our recommended stop-loss: $13.79 (-4.67%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (CRIS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Curis to open at $14.47, and during the day (based on 14 day Average True Range), to move between $13.50 and $15.44, which gives a possible trading interval of +/-$0.97 (+/-6.68%) up or down from last closing price. If Curis takes out the full calculated possible swing range there will be an estimated 13.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.58 (7.67%) than the support at $12.68 (12.37%), 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.
Earnings coming up
Curis will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$1.94. We will update the financials statements for Curis, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 14.55% in the first trading day after earnings release.
Is Curis stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.587 Buy Candidate Unchanged
Predicted Opening Price for Curis of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$14.47 ( 0.0002%) | $14.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRIS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.91 | 3.04 % | |
R2 | 14.74 | 1.88 % | ||
R1 | 14.64 | 1.16 % | ||
Current price: | 14.47 | |||
Support | S1 | 14.30 | -1.16 % | |
S2 | 14.20 | -1.88 % | ||
S3 | 14.03 | -3.04 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.80 | 16.10 % | |
R2 | 16.01 | 10.64 % | ||
R1 | 15.58 | 7.67 % | ||
Current price | 14.47 | |||
Support | S1 | 12.68 | -12.37% | |
S2 | 12.32 | -14.86% | ||
S3 | 10.87 | -24.88% |
FAQ
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