Wed 17'th Oct 2018
Credit Suisse Group Stock Analysis
Technical stock analysis for Wed 17'th Oct 2018
|Shorts||1.58% ( 2018-09-28 )|
Credit Suisse Group fell by -0.07% in the last day from $13.59 to $13.58 The price has fallen in 7 of the last 10 days and is down by -7.43% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.16 million shares and in total 2.26 million shares bought and sold for approximately $30.65 million.
Credit Suisse Group lies in the lower of a wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $13.35 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.82% during the next 3 months and, with 90% probability hold a price between $12.17 and $14.15 at the end of this period.
There are mixed signals in the stock today. Credit Suisse Group holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $13.63 and $14.77. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Thursday October 11, 2018, which indicates further gains until a new top pivot has been found.
Relative Strength Index (RSI)
RSI14 is 9 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.
Support & Resistance
Credit Suisse Group finds support from accumulated volume at $13.52.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.26 between high and low, or 1.93%. For the last week, the stock has had a daily average volatility of 1.84%.
Credit Suisse Group is overbought on RSI14 (9). Some stocks may go long and hard while being overbought on RSI, but overbought increases the general risk as higher volatility could be expected, and at some level the stock will have a reaction back to gain new strength.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Credit Suisse Group 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.Click for Top 5 Sell Candidates
|CS $13.58 $-0.01(-0.07%)|
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