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Cresud S.A.C.I.F. y A. Stock Forecast NASDAQ:CRESY

$4.49 (-2.18%)

Volume: 207k

Closed: Nov 26, 2021

Hollow Logo Score: -2.878

Cresud S.A.C.I.F. y A. Stock Forecast

$4.49 (-2.18%)

Volume: 207k

Closed: Nov 26, 2021

Score Hollow Logo -2.878
Which way will CRESY go? Request
Key Stats
P/E Ratio -1.01
Beta 1.57
* 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 ] The Cresud S.A.C.I.F. y A. stock currently holds an RSI14 at 17 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Cresud S.A.C.I.F. y A. stock price ended on $4.49 on Friday after losing 2.18%
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-15 Loss -11.09%

The Cresud S.A.C.I.F. y A. stock price fell by -2.18% on the last day (Friday, 26th Nov 2021) from $4.59 to $4.49. During the day the stock fluctuated 8.36% from a day low at $4.28 to a day high of $4.64. The price has fallen in 7 of the last 10 days and is down by -11.96% for this period. Volume has increased on the last day by 137 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, 207 thousand shares were bought and sold for approximately $927.91 thousand.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.45 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.96% during the next 3 months and, with a 90% probability hold a price between $4.01 and $5.04 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, November 22, 2021, and so far it has risen 0.22%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cresud S.A.C.I.F. y A. 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 $4.64 and $5.20. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Cresud S.A.C.I.F. y A. 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".

Support, Risk & Stop-loss

Cresud S.A.C.I.F. y A. finds support from accumulated volume at $4.48 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 8.36%. For the last week, the stock has had a daily average volatility of 6.05%.

Cresud S.A.C.I.F. y A. is oversold on RSI14 (17). 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 an negative evaluation for this stock. No stop-loss is set.

Is Cresud S.A.C.I.F. y A. stock A Buy?

Cresud S.A.C.I.F. y A. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.878

Predicted Opening Price for Cresud S.A.C.I.F. y A. of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$4.47 $4.49 (Overvalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 6.05 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.05 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $4.55
Price: $4.49
Support: $4.48

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 4.83 7.54 %
4.69 4.50 %
4.61 2.62 %
Current price: 4.49
Support 4.33 -3.48 %
4.25 -5.36 %
4.11 -8.40 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 5.19 15.59 %
4.86 8.24 %
4.55 1.34 %
Current price 4.49
Support 4.48 -0.22%
0 .
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About Cresud S.A.C.I.F. y A.

Cresud SACIF y A Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, produces basic agricultural commodities in Brazil and other Latin American countries. The company’s Agricultural business is involved in planting, harvesting, and sale of crops, such as wheat, corn, soybean, cotton, and sunflower, as well as sugarcane; breeding, purchasing, and fattening of beef cattle for sale to meat processors and local lives... Read more

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