Verbio Vereinigte Bioenergie Ag Stock Forecast

Verbio Vereinigte Bioenergie Ag stock upgraded from Strong Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)

0NLY.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 1.87%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Verbio Vereinigte Bioenergie 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 £17.63 and £20.38. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Verbio Vereinigte Bioenergie Ag gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Monday, June 03, 2024 and based on theory for this formation the price should fall by -2.21% to £17.05 within 13 trading days since signal was issued (Thursday, June 20, 2024).

Support, Risk & Stop-loss for Verbio Vereinigte Bioenergie Ag stock

Verbio Vereinigte Bioenergie Ag finds support from accumulated volume at £17.31 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.440 between high and low, or 2.53%. For the last week, the stock has had daily average volatility of 2.36%.

Verbio Vereinigte Bioenergie Ag is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: £16.50 (-5.37%) (This stock has high daily movements and this gives high risk. Low RSI14 is 22 which reduces the risk some. There is a buy signal from a pivot bottom found 15 days ago.)

Trading Expectations (0NLY.L) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Verbio Vereinigte Bioenergie Ag to open at £17.55, and during the day (based on 14 day Average True Range), to move between £16.55 and £18.33, which gives a possible trading interval of +/-£0.89 (+/-5.09%) up or down from last closing price. If Verbio Vereinigte Bioenergie Ag takes out the full calculated possible swing range there will be an estimated 10.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £17.31 (0.75%) than the resistance at £19.35 (10.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Verbio Vereinigte Bioenergie Ag stock A Buy?

Verbio Vereinigte Bioenergie Ag holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Verbio Vereinigte Bioenergie Ag of Monday, July 1, 2024

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