Corbion NV Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Corbion NV stock price down 0.316% on Tuesday
(Updated on Apr 23, 2024)
The Corbion NV stock price fell by -0.316% on the last day (Tuesday, 23rd Apr 2024) from 18.98€ to 18.92€. During the last trading day the stock fluctuated 1.80% from a day low at 18.86€ to a day high of 19.20€. The price has fallen in 7 of the last 10 days and is down by -4.44% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 thousand shares and in total, 70 thousand shares were bought and sold for approximately 1.33€ million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 18.57€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.61% during the next 3 months and, with a 90% probability hold a price between 19.98€ and 23.09€ at the end of this 3-month period.
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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 19.55€. On a fall, the stock will find some support from the short-term average at 18.86€. 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 -8.60%. 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.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0.340€ between high and low, or 1.80%. For the last week the stock has had daily average volatility of 1.98%.
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 Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Corbion NV to open at 18.99€, and during the day (based on 14 day Average True Range), to move between 18.44€ and 19.40€, which gives a possible trading interval of +/-0.482€ (+/-2.55%) up or down from last closing price. If Corbion NV takes out the full calculated possible swing range there will be an estimated 5.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 18.87€ (0.26%) than the resistance at 19.56€ (3.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Corbion NV will release earnings BMO on Wednesday, April 24, 2024. We will update the financials statements for Corbion NV, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.61% in the first trading day after earnings release.
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: -2.373 Sell Candidate Unchanged
Predicted Opening Price for Corbion NV of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| 18.99€ ( 0.388%) | 18.92€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRBN.AS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.33 | 2.18 % | |
| R2 | 19.20 | 1.50 % | ||
| R1 | 19.12 | 1.07 % | ||
| Current price: | 18.92 | |||
| Support | S1 | 18.86 | -0.299 % | |
| S2 | 18.78 | -0.723 % | ||
| S3 | 18.65 | -1.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.64 | 3.81 % | |
| R2 | 19.58 | 3.49 % | ||
| R1 | 19.56 | 3.38 % | ||
| Current price | 18.92 | |||
| Support | S1 | 18.87 | -0.264% | |
| S2 | 18.03 | -4.70% | ||
| S3 | 17.98 | -4.97% |
CRBN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 19, 2024 | May 19, 2024 | May 19, 2024 | 0.610€ | 3.22% |
| 2 | May 17, 2024 | May 17, 2024 | May 17, 2024 | 0.610€ | 3.22% |
| 3 | May 19, 2023 | May 19, 2023 | May 19, 2023 | 0.560€ | 1.98% |
| 4 | May 20, 2022 | May 20, 2022 | May 20, 2022 | 0.560€ | 1.77% |
| 5 | May 21, 2021 | May 21, 2021 | May 21, 2021 | 0.560€ | 1.14% |
FAQ
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