Credit Suisse Group AG (ADR) (NYSE:CS) Target $5

Credit Suisse Group AG (ADR) (NYSE:CS) Target $5

Credit Suisse Group AG (ADR) (NYSE:CS) Target $5

Tidjane Cheick Thiam has destroyed CS since taking over the role as CEO. The faster he is removed and CS returns to it’s traditional business the better.

CREDIT SUISSE closed up 0.120 at 11.920. Volume was 37% above average (neutral) and Bollinger Bands were 17% narrower than normal.

Open High Low Close Volume___
12.050 12.180 11.910 11.920 1,112,573

Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 12.85 14.00 18.66
Volatility: 37 42 46
Volume: 1,022,527 845,538 631,017

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.


CREDIT SUISSE is currently 36.1% below its 200-period moving average and is in an downward trend. Volatility is Our volume indicators reflect volume flowing into and out of CS.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on CS.N and have had this outlook for the last 25 periods. Our momentum oscillator is currently indicating that CS.N is currently in an oversold condition.

Momentum Outlook

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 7.1138. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 6 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 27.38. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 19 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -126.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 11 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 7 period(s) ago.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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