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$36.62 (0.19%)

Volume: 487k

Closed: Nov 26, 2021

Hollow Logo Score: 1.186

Codexis Stock Forecast

$36.62 (0.19%)

Volume: 487k

Closed: Nov 26, 2021

Score Hollow Logo 1.186
Which way will CDXS go? Request
Stop-loss: $34.41 (-6.03%)
Key Stats
Beta 1.87
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 35 and the stock is currently not being overbought or oversold

Codexis stock price up 0.19% on Friday
(Updated on Nov 26, 2021)


Buy or Hold candidate since 2021-10-05 Gain 37.00%

The Codexis stock price gained 0.19% on the last trading day (Friday, 26th Nov 2021), rising from $36.55 to $36.62. , 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 8.31% from a day low at $36.20 to a day high of $39.21. The price has risen in 6 of the last 10 days, but is still down by -2.5% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 172 thousand more shares were traded than the day before. In total, 487 thousand shares were bought and sold for approximately $17.82 million.

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 48.98% during the next 3 months and, with a 90% probability hold a price between $48.59 and $66.77 at the end of this 3-month period.

Signals & Forecast

The Codexis 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 $36.95. On a fall, the stock will find some support from the long-term average at approximately $34.13. 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. Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, November 08, 2021, and so far it has fallen -12.35%. 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

On the downside, the stock finds support just below today's level from accumulated volume at $32.86 and $30.58. There is 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, Codexis finds support just below today's level at $32.86. If this is broken, then the next support from accumulated volume will be at $30.58 and $27.48.

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 $3.01 between high and low, or 8.31%. For the last week, the stock has had a daily average volatility of 6.24%.

Our recommended stop-loss: $34.41 (-6.03%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 13 days ago.)

Is Codexis stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Codexis stock to perform well in the short-term.

Current score: 1.186

Predicted Opening Price for Codexis of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$37.34 $36.62 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

On Nov 05, 2021 "HC Wainwright" gave "$33.00 - $38.00" rating for CDXS. The price target was set to $38.55+10.3%.

Volatility and Risk
Daily Average Volatility: 6.24 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.24 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $37.39
Price: $36.62
Support: $32.86

CDXS Insider Trading Show all Trades

INSIDER POWER

1.057

Last 100 transactions
Buy: 996 905 | Sell: 942 833 (Shares)
Date Action Amount Person Type
Nov 11, 2021 Sell 38 500 Nicols John J Stock Option (Right to Buy)
Nov 11, 2021 Sell 35 000 Nicols John J Stock Option (Right to Buy)
Nov 11, 2021 Sell 11 327 Nicols John J Common Stock
Nov 11, 2021 Sell 27 173 Nicols John J Common Stock
Nov 11, 2021 Buy 38 500 Nicols John J Common Stock
Show all Insider Trades
INSIDER POWER

1.057

Last 100 transactions
Buy: 996 905 | Sell: 942 833 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 40.35 10.19 %
39.20 7.05 %
38.49 5.12 %
Current price: 36.62
Support 36.19 -1.16 %
35.48 -3.10 %
34.33 -6.24 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 41.78 14.09 %
40.17 9.69 %
37.39 2.10 %
Current price 36.62
Support 32.86 -10.27%
30.58 -16.49%
27.48 -24.96%

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About Codexis

Codexis Codexis, Inc. develops biocatalysts for the pharmaceutical and fine chemicals markets in the United States, Europe, Asia, and internationally. The company provides Codex biocatalyst panels and kits to customers that are engaged in drug development and drug manufacturing to allow them to screen and identify possible enzymes that can be applied in the manufacturing processes for their drug candidates and their marketed products. It also offers enzy... Read more

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