CRBN Technical Analysis - CORBION NV

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to CRBN. CRBN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

When comparing the yearly performance of all stocks, CRBN is a bad performer in the overall market: 71% of all stocks are doing better.

CRBN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CRBN is lagging the market.

In the last month CRBN has a been trading in the 18.30 - 20.80 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

CRBN is part of the Chemicals industry. There are 69 other stocks in this industry, CRBN did better than 55% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of CRBN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

17.16

22.27

We found 1 important support area.

A support zone ranging from 17.33 to 17.51. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 19.90 to 20.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @21.08 from a horizontal line in the daily time frame.
Resistance @22.05 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for CRBN.AS is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for CRBN.AS is down.
ChartMill Relative Strength	29.17	NEGATIVE	CRBN.AS has a low relative strength, it was outperformed by 70.83% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of CRBN.AS is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CRBN.AS is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of CRBN.AS is below a declining SMA(200).
Relative Strength Index/RSI (14)	41.01	NEUTRAL	The RSI value for CRBN.AS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.11	NEGATIVE	The MACD value suggests CRBN.AS has a negative trend.
Stochastics (14,3)	15.24	OVERSOLD	The low Stochastics value suggests CRBN.AS may be oversold.
Average True Range in percent/ATR (20)	2.43	MEDIUM VOLATILITY	The ATR as a percentage value for CRBN.AS suggests some volalility.
Average Directional Index/ADX (14)	23.25	NEUTRAL	The ADX value for CRBN.AS suggests a possible start of a new trend.