Green day on Wednesday for Bruker Corporation stock after gaining 1.51%
(Updated on Dec 08, 2021)
Sell candidate since 2021-12-02 Gain 1.01% PDF
The Bruker Corporation stock price gained 1.51% on the last trading day (Wednesday, 8th Dec 2021), rising from $80.92 to $82.14. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 2.11% from a day low at $80.51 to a day high of $82.21. The price has risen in 6 of the last 10 days and is up by 5.76% over the past 2 weeks. Volume fell on the last day by -336 thousand shares and in total, 382 thousand shares were bought and sold for approximately $31.36 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Bruker Corporation stock with a 90% probability to be traded between $72.72 and $83.63 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Signals & Forecast
The Bruker Corporation 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 $80.59 and $81.05. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, November 17, 2021, and so far it has fallen -3.78%. 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).
Support, Risk & Stop-loss
Bruker Corporation finds support from accumulated volume at $81.32 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 $1.70 between high and low, or 2.11%. For the last week, the stock has had a daily average volatility of 3.48%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Bruker Corporation stock A Buy?
Bruker Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.348
Predicted Opening Price for Bruker Corporation of Thursday, December 9, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 9, 2021||Current price|
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On Nov 02, 2021 "Wells Fargo & Company" gave "$85.00 - $90.00" rating for BRKR. The price target was set to $81.22+1.1%.
BRKR Insider Trading
|Nov 24, 2021||Sell||10 000||Kastner Marc A||Stock Option (Right to Purchase)|
|Nov 24, 2021||Sell||10 000||Kastner Marc A||Common Stock|
|Nov 24, 2021||Buy||10 000||Kastner Marc A||Common Stock|
|Nov 02, 2021||Sell||6 000||Linton William A||Stock Option (Right to Purchase)|
|Nov 02, 2021||Buy||6 000||Linton William A||Common Stock|
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