AlzChem Group AG Stock Forecast

AlzChem Group AG stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Apr 30, 2024)

ACT.F Signals & Forecast

A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -3.59%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. Some positive signals were issued as well, and these may have some influence on the near short-term development. The AlzChem Group AG 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 46.03€. On a fall, the stock will find some support from the long-term average at approximately 39.24€. 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.

Support, Risk & Stop-loss for AlzChem Group AG stock

AlzChem Group AG finds support from accumulated volume at 44.90€ 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 1.20€ between high and low, or 2.68%. For the last week the stock has had daily average volatility of 7.50%.

Our recommended stop-loss: 43.56€ (-4.47%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (ACT.F) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect AlzChem Group AG to open at 45.47€, and during the day (based on 14 day Average True Range), to move between 43.53€ and 47.67€, which gives a possible trading interval of +/-2.07€ (+/-4.55%) up or down from last closing price. If AlzChem Group AG takes out the full calculated possible swing range there will be an estimated 9.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 45.80€ (0.44%) than the support at 44.90€ (1.54%), 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 AlzChem Group AG stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.484 Buy Candidate Upgraded

Predicted Opening Price for AlzChem Group AG of Thursday, May 2, 2024

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