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$4.99 (0.60%)

Volume: 457k

Closed: Dec 03, 2021

Hollow Logo Score: -1.536

Credit Suisse Ag Stock Forecast

$4.99 (0.60%)

Volume: 457k

Closed: Dec 03, 2021

Score Hollow Logo -1.536
Which way will SLVO go? Request
Key Stats
Beta 0.49
Trailing Dividend Rate 23.66% ($1.18)
* 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 15 and the stock is extremely oversold on RSI14 and is now having a minor correction up. Further gains in the short-term can be expected, and some stocks will provide a very good short-term return from this kind of RSI position unless there is a fundamental risk for bankruptcy or other issues that may affect the stock negatively.

Evaluation of Credit Suisse Ag stock downgraded after the last trading session.
(Updated on Dec 03, 2021)


Sell candidate since 2021-12-02 Gain 0.60%

The Credit Suisse Ag stock price gained 0.60% on the last trading day (Friday, 3rd Dec 2021), rising from $4.96 to $4.99. , and has now gained 3 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 2.04% from a day low at $4.90 to a day high of $5.00. The price has fallen in 8 of the last 10 days and is down by -9.27% for this period. Volume fell on the last day by -312 thousand shares and in total, 457 thousand shares were bought and sold for approximately $2.28 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 is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $4.92 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Credit Suisse Ag stock with a 90% probability to be traded between $4.94 and $5.58 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 1.40%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Credit Suisse Ag 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 $5.05 and $5.33. 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).

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Wednesday, December 01, 2021 and based on theory for this formation the price should go up by 12.57% to $5.62 within 44 trading days since signal was issued (Wednesday, February 02, 2022).

Support, Risk & Stop-loss

Credit Suisse Ag finds support from accumulated volume at $4.96 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 $0.1000 between high and low, or 2.04%. For the last week, the stock has had a daily average volatility of 2.07%.

Credit Suisse Ag is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Is Credit Suisse Ag stock A Buy?

Credit Suisse Ag holds several negative signals and is within a 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. 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: -1.536

Predicted Opening Price for Credit Suisse Ag 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
$4.96 $4.99 (Overvalued)
Sell Candidate Downgraded

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Volatility and Risk
Daily Average Volatility: 2.07 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.07 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $5.13
Price: $4.99
Support: $4.96

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 5.06 1.47 %
5.03 0.70 %
5.00 0.23 %
Current price: 4.99
Support 4.93 -1.30 %
4.90 -1.77 %
4.86 -2.54 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 5.50 10.22 %
5.14 3.01 %
5.13 2.81 %
Current price 4.99
Support 4.96 -0.60%
4.92 -1.38%
4.92 -1.40%

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