14-day Premium Trial Subscription Sign Up For FreeGet Free

Weaker Stock
Today CERS ranks #13005 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

Cerus Corporation Stock Forecast NASDAQ:CERS

$6.64 (-3.91%)

Volume: 2M

Closed: Dec 03, 2021

Hollow Logo Score: -3.161

Cerus Corporation Stock Forecast

$6.64 (-3.91%)

Volume: 2M

Closed: Dec 03, 2021

Score Hollow Logo -3.161
Which way will CERS go? Request
Key Stats
P/E Ratio -19.18
Beta 1.54
* 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 29 and the stock is currently not being overbought or oversold

Weaker technical forecast for Cerus Corporation as stock downgraded to Sell Candidate.
(Updated on Dec 03, 2021)


Sell candidate since 2021-12-03

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
$6.71 $6.64 (Undervalued)
Sell Candidate Downgraded

Remember To Visit Our YouTube Channel

Analyst Ratings

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.

Volatility and Risk
Daily Average Volatility: 4.37 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.37 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $6.66
Price: $6.64
Support: $6.41

CERS Insider Trading Show all Trades

INSIDER POWER

0.787

Last 100 transactions
Buy: 2 054 462 | Sell: 2 611 533 (Shares)
Date Action Amount Person Type
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
Show all Insider Trades
INSIDER POWER

0.787

Last 100 transactions
Buy: 2 054 462 | Sell: 2 611 533 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 7.07 6.43 %
6.93 4.35 %
6.84 3.08 %
Current price: 6.64
Support 6.57 -1.07 %
6.48 -2.35 %
6.35 -4.42 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 7.93 19.43 %
7.80 17.47 %
6.66 0.30 %
Current price 6.64
Support 6.41 -3.46%
6.12 -7.83%
6.09 -8.28%

Click to get the best stock tips daily for free!

About Cerus Corporation

Cerus Cerus Corporation, a biomedical products company, focuses on developing and commercializing the INTERCEPT Blood System to enhance blood safety. Its INTERCEPT Blood System is based on its proprietary technology for controlling biological replication; and targets and inactivates blood-borne pathogens, including viruses, bacteria, and parasites, as well as harmful white blood cells, while preserving the therapeutic properties of platelet, plasma, an... Read more

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!

Get access to Golden Star list now!

StockInvest.usJoin 100 000+ Happy Subscribers

Don't miss out on the runners!

Get The StockInvest.Us Newsletter

StockInvest.usStock Podcast

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT