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* 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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Cerus Corporation stock price down 3.51% on Wednesday
(Updated on Feb 28, 2024)

Buy or Hold candidate since Feb 06, 2024 Loss -1.35% PDF
The Cerus Corporation stock price fell by -3.51% on the last day (Wednesday, 28th Feb 2024) from $2.28 to $2.20. During the last trading day the stock fluctuated 3.65% from a day low at $2.19 to a day high of $2.27. The price has fallen in 6 of the last 10 days but is still up by 1.38% over the past 2 weeks. Volume has increased on the last day by 100 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, 635 thousand shares were bought and sold for approximately $1.40 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 19.78% during the next 3 months and, with a 90% probability hold a price between $2.24 and $3.22 at the end of this 3-month period.

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CERS Signals & Forecast

A sell signal was issued from a pivot top point on Thursday, February 15, 2024, and so far it has fallen -7.95%. 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). Cerus Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". Some positive signals were issued as well, and these may have some influence on the near short-term development. The Cerus Corporation 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 $2.24. On a fall, the stock will find some support from the long-term average at approximately $2.04. 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.

Support, Risk & Stop-loss for Cerus Corporation stock

Cerus Corporation finds support from accumulated volume at $2.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0800 between high and low, or 3.65%. For the last week, the stock has had daily average volatility of 5.85%.

Our recommended stop-loss: $2.09 (-4.91%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (CERS) For The Upcoming Trading Day Of Thursday 29th

For the upcoming trading day on Thursday, 29th we expect Cerus Corporation to open at $2.22, and during the day (based on 14 day Average True Range), to move between $2.06 and $2.34, which gives a possible trading interval of +/-$0.140 (+/-6.34%) up or down from last closing price. If Cerus Corporation takes out the full calculated possible swing range there will be an estimated 12.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.23 (1.36%) than the support at $2.14 (2.73%), 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 of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 3.159 Buy Candidate Unchanged

Predicted Opening Price for Cerus Corporation of Thursday, February 29, 2024

Fair opening price February 29, 2024 Current price
$2.22 ( 0.91%) $2.20

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

News Digest

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.30 4.55 %
R2 2.27 3.16 %
R1 2.25 2.30 %
Current price: 2.20
Support S1 2.19 -0.480 %
S2 2.17 -1.34 %
S3 2.14 -2.73 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.36 7.27 %
R2 2.30 4.55 %
R1 2.23 1.36 %
Current price 2.20
Support S1 2.14 -2.73%
S2 2.06 -6.36%
S3 1.67 -24.09%

FAQ

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 of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

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 2024-02-28, the price of an Cerus Corporation (CERS) share was $2.20.

What is the 52-week high and low for Cerus Corporation Stock?
The 52-week high for Cerus Corporation Stock is $3.08 and the 52-week low is $1.21.

What is the market capitalization of Cerus Corporation Stock?
As of the 2024-02-28, the market capitalization of Cerus Corporation is 413.129M.

When is the next earnings date for Cerus Corporation?
The upcoming earnings date for Cerus Corporation is Mar 05, 2024.

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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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