Corbion NV Stock Forecast

Corbion NV stock price down 0.0529% on Wednesday
(Updated on Apr 24, 2024)

CRBN.AS Signals & Forecast

There are mixed signals in the stock today. The Corbion NV 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 19.53€. On a fall, the stock will find some support from the short-term average at 18.85€. 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. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -8.65%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Corbion NV stock

Corbion NV finds support from accumulated volume at 18.87€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.250€ between high and low, or 1.33%. For the last week the stock has had daily average volatility of 1.93%.

Corbion NV is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (CRBN.AS) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Corbion NV to open at 18.93€, and during the day (based on 14 day Average True Range), to move between 18.44€ and 19.38€, which gives a possible trading interval of +/-0.466€ (+/-2.46%) up or down from last closing price. If Corbion NV takes out the full calculated possible swing range there will be an estimated 4.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 18.92€ (0.05%) than the support at 18.87€ (0.21%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Corbion NV stock A Buy?

Corbion NV 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.

Current score: -3.119 Sell Candidate Unchanged

Predicted Opening Price for Corbion NV of Thursday, April 25, 2024

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