Strabag Se Stock Forecast

Red day on Wednesday for Strabag Se
(Updated on Jun 19, 2024)

0MKP.L Signals & Forecast

The Strabag Se stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 42.27€ and 41.32€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Strabag Se stock

On the downside, the stock finds support just below today's level from accumulated volume at 40.45€ and 38.50€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Strabag Se finds support just below today's level at 40.45€. If this is broken, then the next support from accumulated volume will be at 38.50€ and 37.99€.

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 1.98%

Our recommended stop-loss: 41.26€ (-3.70%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

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

For the upcoming trading day on Thursday, 20th we expect Strabag Se to open at 42.85€, and during the day (based on 14 day Average True Range), to move between 42.06€ and 43.64€, which gives a possible trading interval of +/-0.793€ (+/-1.85%) up or down from last closing price. If Strabag Se takes out the full calculated possible swing range there will be an estimated 3.70% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 42.90€ (0.12%) than the support at 40.45€ (5.60%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Strabag Se stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Strabag Se stock to perform well in the short-term.

Current score: 1.924 Buy Candidate Unchanged

Predicted Opening Price for Strabag Se of Thursday, June 20, 2024

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