Corbion NV Stock Forecast

Corbion NV stock upgraded to Hold/Accumulate.
(Updated on Apr 25, 2024)

CRBN.AS Signals & Forecast

There are few to no technical positive signals at the moment. The Corbion NV 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 18.84€ and 19.50€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -10.00%. 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). Corbion NV gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Corbion NV stock

Corbion NV finds support from accumulated volume at 18.03€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.430€ (2.32%) between high and low. For the last week, the stock has had daily average volatility of 1.92%.

Our recommended stop-loss: 17.61€ (-5.48%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 33 days ago.)

Trading Expectations (CRBN.AS) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Corbion NV to open at 18.70€, and during the day (based on 14 day Average True Range), to move between 18.17€ and 19.09€, which gives a possible trading interval of +/-0.461€ (+/-2.47%) up or down from last closing price. If Corbion NV takes out the full calculated possible swing range there will be an estimated 4.95% 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€ (1.56%) than the support at 18.03€ (3.22%), 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 this should be a sell candidate, but due to the general chance for a turnaround situation 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 Sell to a Hold/Accumulate candidate.

Current score: -0.737 Hold/Accumulate Upgraded

Predicted Opening Price for Corbion NV of Friday, April 26, 2024

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