Codexis stock price up 0.19% on Friday
(Updated on Nov 26, 2021)
Buy or Hold candidate since 2021-10-05 Gain 37.00% PDF
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|
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On Nov 05, 2021 "HC Wainwright" gave "$33.00 - $38.00" rating for CDXS. The price target was set to $38.55+10.3%.
CDXS Insider Trading
|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|
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