Commerzbank A G Spon Stock Forecast

Commerzbank A G Spon stock upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on Apr 25, 2024)

CRZBY Signals & Forecast

The Commerzbank A G Spon stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $14.50 and $13.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 10.97%. Further rise is indicated until a new top pivot has been found. Commerzbank A G Spon has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Commerzbank A G Spon stock

On the downside, the stock finds support just below today's level from accumulated volume at $11.68 and $11.59. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Commerzbank A G Spon finds support just below today's level at $11.68. If this is broken, then the next support from accumulated volume will be at $11.59 and $11.50.

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 $0.150 between high and low, or 1.00%. For the last week, the stock has had daily average volatility of 0.99%.

Since the Commerzbank A G Spon has been rising for 8 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $14.50 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (CRZBY) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Commerzbank A G Spon to open at $15.07, and during the day (based on 14 day Average True Range), to move between $14.79 and $15.35, which gives a possible trading interval of +/-$0.284 (+/-1.88%) up or down from last closing price. If Commerzbank A G Spon takes out the full calculated possible swing range there will be an estimated 3.76% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $11.68, some $3.39 (22.50%) from the current price of $15.07, our system finds the risk reward attractive.

Is Commerzbank A G Spon stock A Buy?

Commerzbank A G Spon holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.935 Strong Buy Candidate Upgraded

Predicted Opening Price for Commerzbank A G Spon of Friday, April 26, 2024

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