Corbion NV Stock Forecast
Corbion NV stock upgraded from Sell Candidate to Buy Candidate after Monday trading session.
(Updated on Apr 29, 2024)
The Corbion NV stock price gained 3.73% on the last trading day (Monday, 29th Apr 2024), rising from 19.28€ to 20.00€. During the last trading day the stock fluctuated 5.67% from a day low at 19.21€ to a day high of 20.30€. The price has been going up and down for this period, and there has been a 5.49% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 221 thousand shares were bought and sold for approximately 4.43€ million.
The stock lies in the middle of a wide and weak 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 6.94% during the next 3 months and, with a 90% probability hold a price between 19.70€ and 22.98€ at the end of this 3-month period.
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CRBN.AS Signals & Forecast
The Corbion NV stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 19.09€ and 19.46€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 7.35%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Corbion NV stock
Corbion NV finds support from accumulated volume at 19.56€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 1.09€ (5.67%) between high and low. For the last week, the stock has had daily average volatility of 3.16%.
Our recommended stop-loss: 19.21€ (-3.94%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (CRBN.AS) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Corbion NV to open at 19.84€, and during the day (based on 14 day Average True Range), to move between 19.44€ and 20.56€, which gives a possible trading interval of +/-0.558€ (+/-2.79%) up or down from last closing price. If Corbion NV takes out the full calculated possible swing range there will be an estimated 5.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 20.08€ (0.40%) than the support at 19.56€ (2.20%), 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 Corbion NV 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 Corbion NV stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.539 Buy Candidate Upgraded
Predicted Opening Price for Corbion NV of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| 19.84€ ( 0.82%) | 20.00€ |
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 | 20.93 | 4.63 % | |
| R2 | 20.51 | 2.55 % | ||
| R1 | 20.25 | 1.27 % | ||
| Current price: | 20.00 | |||
| Support | S1 | 19.42 | -2.90 % | |
| S2 | 19.16 | -4.18 % | ||
| S3 | 18.75 | -6.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.70 | 3.50 % | |
| R2 | 20.12 | 0.600 % | ||
| R1 | 20.08 | 0.400 % | ||
| Current price | 20.00 | |||
| Support | S1 | 19.56 | -2.20% | |
| S2 | 18.92 | -5.40% | ||
| S3 | 18.03 | -9.85% |
CRBN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 19, 2024 | May 19, 2024 | May 19, 2024 | 0.610€ | 3.05% |
| 2 | May 17, 2024 | May 17, 2024 | May 17, 2024 | 0.610€ | 3.05% |
| 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
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