Volatile ride for Celyad SA stock price on Friday moving between $4.36 and $5.32
(Updated on Dec 03, 2021)
Hold candidate since 2021-12-03 PDF
The Celyad SA stock price gained 32.02% on the last trading day (Friday, 3rd Dec 2021), rising from $3.56 to $4.70. During the day the stock fluctuated 22.02% from a day low at $4.36 to a day high of $5.32. The price has fallen in 6 of the last 10 days, but is still up by 15.48% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 56 million more shares were traded than the day before. In total, 56 million shares were bought and sold for approximately $262.33 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $4.74 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.93% during the next 3 months and, with a 90% probability hold a price between $3.20 and $4.27 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
The Celyad SA 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 $3.83 and $4.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, December 02, 2021, and so far it has risen 32.02%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss
Celyad SA finds support from accumulated volume at $4.59 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 $0.96 between high and low, or 22.02%. For the last week, the stock has had a daily average volatility of 8.32%.
Our recommended stop-loss: $4.52 (-3.80%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 days ago.)
Is Celyad SA stock A Buy?
Celyad SA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.
Current score: 0.000
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Celyad SA of Monday, December 6, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 6, 2021||Current price|
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On Aug 20, 2021 "Jonestrading" gave "" rating for CYAD. The price target was changed from $4.02 to 2.0%.
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