Curis, Inc. (CRIS): Can the Bear Run Continue With Mixed Technical Indicators

Curis, Inc. (NASDAQ:CRIS) fell by -8.00% in Thursday’s trading session from $2.00 to $1.84 and has now fallen 3 consecutive sessions. The stock price went upward in 5 of the last 10 days, but has retreated -1.08% over the same course of time. Volume has increased in Thursday’s trading session by 1.46 million shares, but on a weak note. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.82 M shares exchanged hands for about $3.34 million.

Inside CRIS’s Recent Trend

Curis, Inc. (CRIS) lies in the middle of a very wide and falling trend in the short term and pointed towards extra losses. Short-term traders are anticipated to see a retreat of -5.52% over the course of a quarter and, with 90% chance the price will be floating in the range of $1.35 and $2.03 in this timeframe.

Curis, Inc. Technical Signals

CRIS has witnessed its short term MA triggering a sell signal. Meanwhile, however, the long-term average has generated a buy signal. When the short-run moving average rises above its longer-term trend, a buy signal is created. This is because a short-run moving average that crosses its long-run moving average counterpart is seen as the initiation of an upward trend. On additional rally, the share price will meet short term resistance at around $2.05. On a drop, the stock is likely to find some support over the long run, which begins at $1.83. A buy signal will be generated if it crosses above the short term moving average. Meanwhile, however, a price crossing below the long term moving average will generate a sell signal.

Curis, Inc. (NASDAQ:CRIS) Support And Resistance Levels

Curis, Inc. (CRIS) recorded volume accumulation so there will probably be a surplus of buyers at $1.77. In case of gains, the next resistance from accumulated volume will be at $2.00, $2.04 and $2.10.

Curis, Inc. (CRIS) Risk Assessment

A volatility based measure Bollinger Bands suggests this stock poses high risk. In the most recent session, the stock price hovered around $0.18 between high and low, or 9.89%. The average volatility for the past week stood at 8.81%.


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