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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CERS
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Stock Analysis
Risk Assessment
Trading Strategy

Green day on Friday for Cerus Corporation
(Updated on Dec 08, 2023)

Buy or Hold candidate since Dec 01, 2023 Gain 2.40% PDF
The Cerus Corporation stock price gained 3.6363636363636% on the last trading day (Friday, 8th Dec 2023), rising from $1.65 to $1.71. During the last trading day the stock fluctuated 7.55% from a day low at $1.59 to a day high of $1.71. The price has risen in 5 of the last 10 days and is up by 3.64% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 214 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $2.04 million.

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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 10.38% during the next 3 months and, with a 90% probability hold a price between $1.48 and $2.01 at the end of this 3-month period.

CERS Signals & Forecast

The Cerus Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1.65 and $1.58. A breakdown below any of these levels will issue sell signals. 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 20, 2023, and so far it has fallen -4.47%. 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).

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Support, Risk & Stop-loss for Cerus Corporation stock

Cerus Corporation finds support from accumulated volume at $1.67 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 $0.120 between high and low, or 7.55%. For the last week, the stock has had daily average volatility of 6.20%.

Our recommended stop-loss: $1.63 (-4.69%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (CERS) For The Upcoming Trading Day Of Monday 11th

For the upcoming trading day on Monday, 11th we expect Cerus Corporation to open at $1.67, and during the day (based on 14 day Average True Range), to move between $1.59 and $1.83, which gives a possible trading interval of +/-$0.118 (+/-6.90%) up or down from last closing price. If Cerus Corporation takes out the full calculated possible swing range there will be an estimated 13.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.73 (1.17%) than the support at $1.67 (2.34%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Cerus Corporation 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 Cerus Corporation stock to perform well in the short-term.

Current score: 3.368 Open Broker Account

Buy Candidate Unchanged

Predicted Opening Price for Cerus Corporation of Monday, December 11, 2023

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

Fair opening price December 11, 2023 Current price
$1.67 $1.71 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.79 4.68 %
R2 1.74 2.00 %
R1 1.72 0.342 %
Current price: 1.71
Support S1 1.62 -5.02 %
S2 1.60 -6.68 %
S3 1.55 -9.36 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.78 4.09 %
R2 1.76 2.92 %
R1 1.73 1.17 %
Current price 1.71
Support S1 1.67 -2.34%
S2 1.62 -5.26%
S3 1.61 -5.85%
What is the symbol for Cerus Corporation Stock and on which exchange is it traded?
The symbol for Cerus Corporation is CERS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Cerus Corporation Stock?
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 Cerus Corporation stock to perform well in the short-term.

How to buy Cerus Corporation Stock?
Cerus Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Cerus Corporation Stock.

What's the current price of Cerus Corporation Stock?
As of the end of day on the 2023-12-08, the price of an Cerus Corporation (CERS) share was $1.71.

What is the 52-week high and low for Cerus Corporation Stock?
The 52-week high for Cerus Corporation Stock is $4.25 and the 52-week low is $1.21.

What is the market capitalization of Cerus Corporation Stock?
As of the 2023-12-08, the market capitalization of Cerus Corporation is 298.975M.

When is the next earnings date for Cerus Corporation?
The upcoming earnings date for Cerus Corporation is 2024-02-27 23:00:00.

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About Cerus Corporation

Cerus Cerus Corporation operates as a biomedical products company. The company focuses on developing and commercializing the INTERCEPT Blood System to enhance blood safety. Its INTERCEPT Blood System, a proprietary technology for controlling biological replication that is designed to reduce blood-borne pathogens in donated blood components intended for transfusion. The company offers INTERCEPT Blood Systems for platelets and plasma, which is designed t... CERS Profile

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