Basler Aktiengesellschaft Stock Forecast

Basler Aktiengesellschaft stock downgraded to Hold/Accumulate
(Updated on Jun 19, 2024)

0DUI.L Signals & Forecast

The Basler Aktiengesellschaft stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £11.73. On a fall, the stock will find some support from the long-term average at approximately £11.59. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, June 18, 2024, and so far it has fallen -1.79%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Basler Aktiengesellschaft stock

Basler Aktiengesellschaft finds support from accumulated volume at £11.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.01%

Our recommended stop-loss: £11.16 (-4.59%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (0DUI.L) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Basler Aktiengesellschaft to open at £11.70, and during the day (based on 14 day Average True Range), to move between £11.38 and £12.01, which gives a possible trading interval of +/-£0.313 (+/-2.68%) up or down from last closing price. If Basler Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 5.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £11.60 (0.84%) than the resistance at £12.10 (3.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Basler Aktiengesellschaft stock A Buy?

Basler Aktiengesellschaft holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.477 Hold/Accumulate Downgraded

Predicted Opening Price for Basler Aktiengesellschaft of Thursday, June 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.