ATOSS Software AG Stock Forecast
ATOSS Software AG stock downgraded to Sell Candidate
(Updated on May 20, 2024)
No changes to the price of ATOSS Software AG stock on the last trading day (Monday, 20th May 2024). During the last trading day the stock fluctuated 1.44% from a day low at 243.50€ to a day high of 247.00€. The price has risen in 6 of the last 10 days and is up by 1.66% over the past 2 weeks.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.36% during the next 3 months and, with a 90% probability hold a price between 228.19€ and 259.67€ at the end of this 3-month period.
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AOF.DE 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 246.36€ and 249.74€. A break-up above any of these levels will issue buy signals. 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". A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 2.94%. 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).
Support, Risk & Stop-loss for ATOSS Software AG stock
ATOSS Software AG finds support from accumulated volume at 242.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered 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 3.50€ between high and low, or 1.44%. For the last week the stock has had daily average volatility of 2.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AOF.DE) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect ATOSS Software AG to open at 245.17€, and during the day (based on 14 day Average True Range), to move between 238.71€ and 251.29€, which gives a possible trading interval of +/-6.29€ (+/-2.57%) up or down from last closing price. If ATOSS Software AG takes out the full calculated possible swing range there will be an estimated 5.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 246.00€ (0.41%) than the support at 242.00€ (1.22%), 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 ATOSS Software AG stock A Buy?
ATOSS Software AG holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.608 Sell Candidate Downgraded
Predicted Opening Price for ATOSS Software AG of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 245.17€ ( 0.0680%) | 245.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AOF.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 248.67 | 1.50 % | |
| R2 | 247.33 | 0.95 % | ||
| R1 | 246.50 | 0.614 % | ||
| Current price: | 245.00 | |||
| Support | S1 | 243.83 | -0.478 % | |
| S2 | 243.00 | -0.81 % | ||
| S3 | 241.67 | -1.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 270.00 | 10.20 % | |
| R2 | 267.50 | 9.18 % | ||
| R1 | 246.00 | 0.408 % | ||
| Current price | 245.00 | |||
| Support | S1 | 242.00 | -1.22% | |
| S2 | 239.00 | -2.45% | ||
| S3 | 232.00 | -5.31% |
AOF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 06, 2024 | 4.37€ | 1.79% |
| 2 | May 02, 2023 | May 02, 2023 | May 02, 2023 | 1.00€ | 0.551% |
| 3 | May 02, 2022 | May 02, 2022 | May 02, 2022 | 1.82€ | 1.25% |
| 4 | May 03, 2021 | May 03, 2021 | May 03, 2021 | 1.67€ | 0.91% |
| 5 | May 29, 2020 | May 29, 2020 | May 29, 2020 | 1.28€ | 1.44% |
FAQ
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