Certara, Inc. Stock Forecast
Red day on Friday for Certara, Inc. stock after losing 0.0568%
(Updated on May 03, 2024)
The Certara, Inc. stock price fell by -0.0568% on the last day (Friday, 3rd May 2024) from $17.61 to $17.60. During the last trading day the stock fluctuated 2.81% from a day low at $17.45 to a day high of $17.94. The price has risen in 7 of the last 10 days and is up by 10.48% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -80 thousand shares and in total, 351 thousand shares were bought and sold for approximately $6.19 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.13% during the next 3 months and, with a 90% probability hold a price between $15.52 and $18.77 at the end of this 3-month period.
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CERT Signals & Forecast
The Certara, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $17.08 and $17.42. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 10.48%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Certara, Inc. stock
Certara, Inc. finds support from accumulated volume at $16.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.490 between high and low, or 2.81%. For the last week, the stock has had daily average volatility of 3.74%.
Our recommended stop-loss: $16.90 (-3.96%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (CERT) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Certara, Inc. to open at $17.66, and during the day (based on 14 day Average True Range), to move between $16.97 and $18.23, which gives a possible trading interval of +/-$0.630 (+/-3.58%) up or down from last closing price. If Certara, Inc. takes out the full calculated possible swing range there will be an estimated 7.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.95 (3.69%) than the resistance at $18.30 (3.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Certara, Inc. will release earnings AMC on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.100. We will update the financials statements for Certara, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.43% in the first trading day after earnings release.
Is Certara, Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.037 Buy Candidate Unchanged
Predicted Opening Price for Certara, Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $17.66 ( 0.360%) | $17.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CERT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.15 | 3.14 % | |
| R2 | 17.97 | 2.08 % | ||
| R1 | 17.85 | 1.42 % | ||
| Current price: | 17.60 | |||
| Support | S1 | 17.48 | -0.704 % | |
| S2 | 17.36 | -1.36 % | ||
| S3 | 17.17 | -2.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.88 | 7.27 % | |
| R2 | 18.46 | 4.89 % | ||
| R1 | 18.30 | 3.98 % | ||
| Current price | 17.60 | |||
| Support | S1 | 16.95 | -3.69% | |
| S2 | 16.88 | -4.09% | ||
| S3 | 16.24 | -7.73% |
FAQ
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