Weaker technical forecast for Cerus Corporation as stock downgraded to Sell Candidate.
(Updated on Dec 03, 2021)
Sell candidate since 2021-12-03 PDF
The Cerus Corporation stock price fell by -3.91% on the last day (Friday, 3rd Dec 2021) from $6.91 to $6.64. During the day the stock fluctuated 5.49% from a day low at $6.56 to a day high of $6.92. The price has fallen in 7 of the last 10 days and is down by -7.39% for this period. Volume has increased on the last day by 234 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $11.57 million.
Given the current short-term trend, the stock is expected to rise 16.94% during the next 3 months and, with a 90% probability hold a price between $7.76 and $9.73 at the end of this 3-month period.
Signals & Forecast
There are few to no technical positive signals at the moment. The Cerus Corporation stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $6.89 and $6.92. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, November 04, 2021, and so far it has fallen -16.27%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss
Cerus Corporation finds support from accumulated volume at $6.41 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 $0.36 between high and low, or 5.49%. For the last week, the stock has had a daily average volatility of 4.37%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Cerus Corporation stock A Buy?
The Cerus Corporation stock holds several negative signals and despite the positive trend, we believe Cerus Corporation will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -3.161
Predicted Opening Price for Cerus Corporation of Monday, December 6, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 6, 2021||Current price|
Remember To Visit Our YouTube Channel
Cantor Fitzgerald is very positive about CERS and gave it a "Buy" rating on Jun 15, 2020. The price target was set to $9.00.
CERS Insider Trading
|Nov 09, 2021||Sell||25 000||Schulze Gail||Option (Right to Buy)|
|Nov 09, 2021||Sell||25 000||Schulze Gail||Common Stock|
|Nov 09, 2021||Buy||25 000||Schulze Gail||Common Stock|
|Nov 05, 2021||Sell||110 000||Moore Carol||Option (Right to Buy)|
|Nov 05, 2021||Sell||110 000||Moore Carol||Common Stock|
Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
Click to get the best stock tips daily for free!
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Join 100 000+ Happy SubscribersDon't miss out on the runners!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.