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Century Aluminum Company Stock Forecast NASDAQ:CENX

$13.69 (2.93%)

Volume: 751k

Closed: Dec 08, 2021

Hollow Logo Score: -1.217

Century Aluminum Company Stock Forecast

$13.69 (2.93%)

Volume: 751k

Closed: Dec 08, 2021

Score Hollow Logo -1.217
Which way will CENX go? Request
Key Stats
P/E Ratio -4.56
Beta 2.11
* 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 43 and the stock is currently not being overbought or oversold

Green day on Wednesday for Century Aluminum Company
(Updated on Dec 08, 2021)


Sell candidate since 2021-11-15 Loss -10.76%

The Century Aluminum Company stock price gained 2.93% on the last trading day (Wednesday, 8th Dec 2021), rising from $13.30 to $13.69. During the day the stock fluctuated 5.39% from a day low at $13.18 to a day high of $13.89. The price has risen in 6 of the last 10 days, but is still down by -5.26% for this period. Volume fell on the last day by -343 thousand shares and in total, 751 thousand shares were bought and sold for approximately $10.28 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 at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $13.14 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Century Aluminum Company stock with a 90% probability to be traded between $13.39 and $17.93 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

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. The Century Aluminum Company stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $14.14. On a fall, the stock will find some support from the short-term average at $13.27. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, November 12, 2021, and so far it has fallen -14.44%. 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

Century Aluminum Company finds support from accumulated volume at $13.55 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 $0.71 between high and low, or 5.39%. For the last week, the stock has had a daily average volatility of 4.71%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Century Aluminum Company stock A Buy?

Century Aluminum Company holds several negative signals and is within a very 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: -1.217

Predicted Opening Price for Century Aluminum Company 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
$13.59 $13.69 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 16, 2021 "Wolfe Research" gave "" rating for CENX. The price target was changed from $14.33 to 6.6%.

Volatility and Risk
Daily Average Volatility: 4.71 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.71 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $14.02
Price: $13.69
Support: $13.55

CENX Insider Trading Show all Trades

INSIDER POWER

1.543

Last 100 transactions
Buy: 1 676 959 | Sell: 1 086 805 (Shares)
Date Action Amount Person Type
Dec 06, 2021 Buy 7 841 Bush Jennifer Mary Common Stock
Jul 01, 2021 Buy 171 276 Gary Jesse E Common Stock
Jun 30, 2021 Buy 17 768 Glencore Ag Common Stock
Jun 30, 2021 Sell 178 Glencore Ag Series A Convertible Preferred Stock
Jun 15, 2021 Sell 2 321 Michelmore Andrew G Common Stock
Show all Insider Trades
INSIDER POWER

1.543

Last 100 transactions
Buy: 1 676 959 | Sell: 1 086 805 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 14.30 4.43 %
14.03 2.45 %
13.86 1.23 %
Current price: 13.69
Support 13.32 -2.74 %
13.15 -3.96 %
12.88 -5.94 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 14.36 4.89 %
14.18 3.58 %
14.02 2.41 %
Current price 13.69
Support 13.55 -1.02%
13.30 -2.85%
13.03 -4.82%

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About Century Aluminum Company

Century Aluminum Company, together with its subsidiaries, produces primary aluminum in the United States and Iceland. It produces standard grade and value-added primary aluminum products; and carbon products, such as anodes and cathodes. The company was founded in 1995 and is headquartered in Chicago, Illinois.... Read more

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