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$72.30 (-1.62%)

Volume: 2M

Closed: Nov 26, 2021

Hollow Logo Score: -2.167

Cerner Corporation Stock Forecast

$72.30 (-1.62%)

Volume: 2M

Closed: Nov 26, 2021

Score Hollow Logo -2.167
Which way will CERN go? Request
Key Stats
P/E Ratio 40.73
Beta 0.42
Trailing Dividend Rate 1.21% ($0.88)
* 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 30 and the stock is currently not being overbought or oversold

Cerner Corporation stock downgraded to Sell Candidate
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

The Cerner Corporation stock price fell by -1.62% on the last day (Friday, 26th Nov 2021) from $73.49 to $72.30. and has now fallen 3 days in a row. During the day the stock fluctuated 2.80% from a day low at $72.11 to a day high of $74.13. The price has been going up and down for this period, and there has been a -3.12% loss for the last 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 -668 thousand shares and in total, 2 million shares were bought and sold for approximately $108.64 million.

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 Cerner Corporation stock with a 90% probability to be traded between $68.69 and $77.01 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

There are few to no technical positive signals at the moment. The Cerner Corporation stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $73.40 and $73.09. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 03, 2021, and so far it has fallen -7.59%. 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). 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

Cerner Corporation finds support from accumulated volume at $71.42 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.02 (2.80%) between high and low. For the last week, the stock has had a daily average volatility of 2.26%.

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

Is Cerner Corporation stock A Buy?

Cerner 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.167

Predicted Opening Price for Cerner Corporation 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
$72.85 $72.30 (Undervalued)
Sell Candidate Downgraded

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Analyst Ratings

On Nov 16, 2021 "Robert W. Baird" gave "" rating for CERN. The price target was set to $74.11+0.3%.

Volatility and Risk
Daily Average Volatility: 2.26 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.26 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $74.29
Price: $72.30
Support: $71.42

CERN Insider Trading Show all Trades

INSIDER POWER

1.457

Last 100 transactions
Buy: 624 714 | Sell: 428 758 (Shares)
Date Action Amount Person Type
Nov 01, 2021 Buy 98 322 Feinberg David T Restricted Stock Units
Nov 01, 2021 Buy 22 123 Feinberg David T Restricted Stock Units
Nov 01, 2021 Buy 492 Zollars William D Common Stock
Aug 24, 2021 Sell 5 000 Devers Daniel Non-Qualified Stock Option (right to buy)
Aug 24, 2021 Sell 9 000 Devers Daniel Common Stock
Show all Insider Trades
INSIDER POWER

1.457

Last 100 transactions
Buy: 624 714 | Sell: 428 758 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 74.87 3.55 %
74.10 2.48 %
73.62 1.82 %
Current price: 72.30
Support 72.08 -0.31 %
71.60 -0.97 %
70.83 -2.04 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 75.69 4.69 %
75.04 3.79 %
74.29 2.75 %
Current price 72.30
Support 71.42 -1.22%
71.19 -1.54%
70.62 -2.32%

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About Cerner Corporation

Cerner Cerner Corporation designs, develops, markets, installs, hosts, and supports health care information technology, health care devices, hardware, and content solutions for health care organizations and consumers in the United States and internationally. The company offers Cerner Millennium architecture, which includes clinical, financial, and management information systems that allow providers to access an individual’s electronic health record at ... Read more

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