Weaker technical forecast for CryoPort as stock downgraded to Sell Candidate.
(Updated on Dec 08, 2021)
Sell candidate since 2021-12-08 PDF
The CryoPort stock price gained 1.47% on the last trading day (Wednesday, 8th Dec 2021), rising from $68.75 to $69.76. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 4.28% from a day low at $67.33 to a day high of $70.21. The price has risen in 6 of the last 10 days and is up by 2.2% over the past 2 weeks. Volume fell on the last day by -90 thousand shares and in total, 366 thousand shares were bought and sold for approximately $25.52 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very 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 8.26% during the next 3 months and, with a 90% probability hold a price between $67.93 and $92.75 at the end of this 3-month period.
Signals & Forecast
There are mixed signals in the stock today. The CryoPort stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $74.10. On a fall, the stock will find some support from the short-term average at $65.66. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 12.10%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss
CryoPort finds support from accumulated volume at $68.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.88 between high and low, or 4.28%. For the last week, the stock has had a daily average volatility of 4.99%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is CryoPort stock A Buy?
CryoPort 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 Hold/Accumulate to a Sell candidate.
Current score: -1.910
Predicted Opening Price for CryoPort of Thursday, December 9, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 9, 2021||Current price|
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On Nov 11, 2021 "B. Riley" gave "" rating for CYRX. The price target was set to $77.07+0.0%.
CYRX Insider Trading
|Nov 16, 2021||Sell||11 400||Blackstone Holdings Ii L.p.||Common Stock|
|Nov 16, 2021||Sell||488 600||Blackstone Holdings Ii L.p.||Common Stock|
|Nov 16, 2021||Sell||11 400||Blackstone Freeze Parent L.p.||Common Stock|
|Nov 16, 2021||Sell||488 600||Blackstone Freeze Parent L.p.||Common Stock|
|Nov 10, 2021||Sell||56 916||Shelton Jerrell||Option to purchase common stock|
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