Corbion NV Stock Forecast
Corbion NV stock downgraded to Sell Candidate
(Updated on Apr 16, 2024)
The Corbion NV stock price fell by -1.37% on the last day (Tuesday, 16th Apr 2024) from 18.96€ to 18.70€. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 1.35% from a day low at 18.51€ to a day high of 18.76€. The price has fallen in 6 of the last 10 days and is down by -5.79% for this period. Volume has increased on the last day by 41 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, 137 thousand shares were bought and sold for approximately 2.56€ million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 18.36€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 12.72% during the next 3 months and, with a 90% probability hold a price between 20.70€ and 24.49€ at the end of this 3-month period.
CRBN.AS Signals & Forecast
There are few to no technical positive signals at the moment. The Corbion NV 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 19.38€ and 19.45€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -9.66%. 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 for Corbion NV stock
Corbion NV finds support from accumulated volume at 18.03€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.250€ between high and low, or 1.35%. For the last week the stock has had daily average volatility of 3.11%.
Corbion NV is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CRBN.AS) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect Corbion NV to open at 18.66€, and during the day (based on 14 day Average True Range), to move between 18.17€ and 19.23€, which gives a possible trading interval of +/-0.532€ (+/-2.85%) up or down from last closing price. If Corbion NV takes out the full calculated possible swing range there will be an estimated 5.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 18.03€ (3.58%) than the resistance at 19.56€ (4.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Corbion NV will release earnings BMO on Wednesday, April 24, 2024. We will update the financials statements for Corbion NV, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.61% in the first trading day after earnings release.
Is Corbion NV stock A Buy?
The Corbion NV stock holds several negative signals and despite the positive trend, we believe Corbion NV 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 Hold/Accumulate to a Sell candidate.
Current score: -1.807 Sell Candidate Downgraded
Predicted Opening Price for Corbion NV of Wednesday, April 17, 2024
| Fair opening price April 17, 2024 | Current price |
|---|---|
| 18.66€ ( 0.232%) | 18.70€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRBN.AS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.91 | 1.11 % | |
| R2 | 18.81 | 0.594 % | ||
| R1 | 18.75 | 0.279 % | ||
| Current price: | 18.70 | |||
| Support | S1 | 18.56 | -0.742 % | |
| S2 | 18.50 | -1.06 % | ||
| S3 | 18.41 | -1.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.64 | 5.03 % | |
| R2 | 19.58 | 4.71 % | ||
| R1 | 19.56 | 4.60 % | ||
| Current price | 18.70 | |||
| Support | S1 | 18.03 | -3.58% | |
| S2 | 17.98 | -3.85% | ||
| S3 | 15.99 | -14.49% |
CRBN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 19, 2024 | May 19, 2024 | May 19, 2024 | 0.610€ | 3.26% |
| 2 | May 17, 2024 | May 17, 2024 | May 17, 2024 | 0.610€ | 3.26% |
| 3 | May 19, 2023 | May 19, 2023 | May 19, 2023 | 0.560€ | 1.98% |
| 4 | May 20, 2022 | May 20, 2022 | May 20, 2022 | 0.560€ | 1.77% |
| 5 | May 21, 2021 | May 21, 2021 | May 21, 2021 | 0.560€ | 1.14% |
FAQ
Click here for our free guide on how to buy Corbion NV Stock.
