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Cirrus Logic Stock Forecast NASDAQ:CRUS

$78.46 (-3.20%)

Volume: 243k

Closed: Nov 26, 2021

Hollow Logo Score: -1.464

Cirrus Logic Stock Forecast

$78.46 (-3.20%)

Volume: 243k

Closed: Nov 26, 2021

Score Hollow Logo -1.464
Which way will CRUS go? Request
Key Stats
P/E Ratio 18.53
Beta 1.31
* 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 48 and the stock is currently not being overbought or oversold

Weaker technical forecast for Cirrus Logic as stock downgraded to Sell Candidate.
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

The Cirrus Logic stock price fell by -3.20% on the last day (Friday, 26th Nov 2021) from $81.05 to $78.46. During the day the stock fluctuated 3.22% from a day low at $78.20 to a day high of $80.72. The price has risen in 6 of the last 10 days, but is still down by -1.89% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 thousand shares and in total, 243 thousand shares were bought and sold for approximately $19.09 million.

The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.75% during the next 3 months and, with a 90% probability hold a price between $70.96 and $76.26 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, November 10, 2021, and so far it has risen 0.42%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cirrus Logic stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $80.55 and $80.25. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Cirrus Logic finds support from accumulated volume at $78.13 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 $2.52 between high and low, or 3.22%. For the last week the stock has had a daily average volatility of 2.74%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Cirrus Logic stock A Buy?

Cirrus Logic holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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: -1.464

Predicted Opening Price for Cirrus Logic 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
$79.13 $78.46 (Undervalued)
Sell Candidate Downgraded

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Analyst Ratings

On Nov 02, 2021 "Colliers Securities" gave "" rating for CRUS. The price target was set to $82.75+2.4%.

Volatility and Risk
Daily Average Volatility: 2.74 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.74 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $78.85
Price: $78.46
Support: $78.13

CRUS Insider Trading Show all Trades

INSIDER POWER

0.818

Last 100 transactions
Buy: 178 177 | Sell: 217 868 (Shares)
Date Action Amount Person Type
Nov 07, 2021 Sell 4 300 Case Thurman K Restricted Stock Units
Nov 07, 2021 Sell 3 200 Case Thurman K Performance Shares
Nov 07, 2021 Sell 1 203 Case Thurman K Common Stock
Nov 07, 2021 Buy 4 300 Case Thurman K Common Stock
Nov 07, 2021 Sell 391 Case Thurman K Common Stock
Show all Insider Trades
INSIDER POWER

0.818

Last 100 transactions
Buy: 178 177 | Sell: 217 868 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 81.65 4.06 %
80.68 2.83 %
80.09 2.08 %
Current price: 78.46
Support 78.16 -0.38 %
77.57 -1.14 %
76.61 -2.36 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 84.73 7.99 %
81.91 4.40 %
78.85 0.50 %
Current price 78.46
Support 78.13 -0.42%
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About Cirrus Logic

Cirrus Logic Cirrus Logic, Inc., a fabless semiconductor company, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs) for a range of consumer and industrial markets. It offers portable audio products, including analog and mixed-signal audio converters, and digital signal processing products for mobile applications; codecs-chips that integrate analog-to-digital converters and digital-to-analog converters into a single IC; smar... Read more

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