SÜss Microtec Se Stock Forecast
On Friday, SÜss Microtec Se stock price gained an impressive 8.72%
(Updated on Jun 28, 2024)
The SÜss Microtec Se stock price gained 8.72% on the last trading day (Friday, 28th Jun 2024), rising from £56.95 to £61.91. During the last trading day the stock fluctuated 2.17% from a day low at £60.60 to a day high of £61.91. The price has risen in 4 of the last 10 days and is up by 0.75% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 86 thousand more shares were traded than the day before. In total, 86 thousand shares were bought and sold for approximately £5.30 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 70.09% during the next 3 months and, with a 90% probability hold a price between £97.63 and £111.32 at the end of this 3-month period.
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0Q3C.L Signals & Forecast
The SÜss Microtec 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 £59.55 and £56.78. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical 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 Thursday, June 20, 2024, and so far it has fallen -2.04%. 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).
Support, Risk & Stop-loss for SÜss Microtec Se stock
SÜss Microtec Se finds support from accumulated volume at £61.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £1.31 between high and low, or 2.17%. For the last week, the stock has had daily average volatility of 3.64%.
Our recommended stop-loss: £59.46 (-3.96%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (0Q3C.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect SÜss Microtec Se to open at £61.47, and during the day (based on 14 day Average True Range), to move between £59.27 and £64.56, which gives a possible trading interval of +/-£2.64 (+/-4.27%) up or down from last closing price. If SÜss Microtec Se takes out the full calculated possible swing range there will be an estimated 8.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £61.30 (0.99%) than the resistance at £62.90 (1.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SÜss Microtec Se stock A Buy?
SÜss Microtec Se 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: 0.000 Hold/Accumulate Unchanged
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 SÜss Microtec Se of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
£61.47 ( 0.706%) | £61.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0Q3C.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 62.79 | 1.41% |
R2 | 62.29 | 0.603% |
R1 | 61.98 | 0.103% |
Price | 61.91 | |
S1 | 60.97 | -1.52% |
S2 | 60.66 | -2.02% |
S3 | 60.16 | -2.83% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 63.20 | 2.08% |
R1 | 62.90 | 1.60% |
Price | 61.91 | |
S1 | 61.30 | -0.99% |
S2 | 55.33 | -10.63% |
S3 | 51.10 | -17.46% |
0Q3C Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 12, 2024 | Jun 12, 2024 | Jun 14, 2024 | £0.200 | 0.325% |
2 | Jun 01, 2023 | Jun 01, 2023 | Jun 05, 2023 | £0.200 | 0.82% |
FAQ
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