Atoss Software Ag Stock Forecast

Atoss Software Ag stock price ended at £227.00 on Wednesday, after losing 1.30%.
(Updated on Jun 19, 2024)

0N66.L Signals & Forecast

There are mixed signals in the stock today. The Atoss Software Ag stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £231.29 and £240.45. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, November 30, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Atoss Software Ag stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 2.07%

Our recommended stop-loss: £212.88 (-6.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 33 days ago.)

Trading Expectations (0N66.L) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Atoss Software Ag to open at £227.00, and during the day (based on 14 day Average True Range), to move between £221.14 and £232.86, which gives a possible trading interval of +/-£5.86 (+/-2.58%) up or down from last closing price. If Atoss Software Ag takes out the full calculated possible swing range there will be an estimated 5.16% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ £239.46, some £12.46 (5.49%) from the current price of £227.00, our system finds the risk reward not very attractive.

Is Atoss Software Ag stock A Buy?

Atoss Software Ag 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.

Current score: -0.469 Hold/Accumulate Unchanged

Predicted Opening Price for Atoss Software Ag of Thursday, June 20, 2024

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