Curis Stock Forecast
Curis stock price ended at $15.95 on Wednesday, after gaining 4.45%.
(Updated on Apr 17, 2024)
The Curis stock price gained 4.45% on the last trading day (Wednesday, 17th Apr 2024), rising from $15.27 to $15.95. During the last trading day the stock fluctuated 4.58% from a day low at $15.49 to a day high of $16.20. The price has been going up and down for this period, and there has been a 19.03% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 36 thousand shares were bought and sold for approximately $582.08 thousand.
The stock lies in the middle of a very wide and strong 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 37.78% during the next 3 months and, with a 90% probability hold a price between $17.00 and $24.00 at the end of this 3-month period.
CRIS Signals & Forecast
The Curis stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $15.40 and $12.05. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Curis has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -5.06%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Curis stock
Curis finds support from accumulated volume at $15.58 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.710 between high and low, or 4.58%. For the last week, the stock has had daily average volatility of 7.65%.
Our recommended stop-loss: $15.19 (-4.77%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (CRIS) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Curis to open at $15.88, and during the day (based on 14 day Average True Range), to move between $14.82 and $17.08, which gives a possible trading interval of +/-$1.13 (+/-7.06%) up or down from last closing price. If Curis takes out the full calculated possible swing range there will be an estimated 14.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.01 (0.38%) than the support at $15.58 (2.32%), 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 Curis stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Curis stock to perform well in the short-term.
Current score: 4.287 Buy Candidate Unchanged
Predicted Opening Price for Curis of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $15.88 ( 0.439%) | $15.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRIS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.59 | 4.01 % | |
| R2 | 16.32 | 2.31 % | ||
| R1 | 16.15 | 1.26 % | ||
| Current price: | 15.95 | |||
| Support | S1 | 15.61 | -2.14 % | |
| S2 | 15.44 | -3.19 % | ||
| S3 | 15.17 | -4.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.80 | 5.33 % | |
| R2 | 16.50 | 3.45 % | ||
| R1 | 16.01 | 0.376 % | ||
| Current price | 15.95 | |||
| Support | S1 | 15.58 | -2.32% | |
| S2 | 12.68 | -20.50% | ||
| S3 | 12.32 | -22.76% |
FAQ
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