ASR Nederland N.V. Stock Forecast

Green day on Thursday for ASR Nederland N.V. stock after gaining 0.416%
(Updated on May 09, 2024)

ASRNL.AS Signals & Forecast

Mostly positive signals in the chart today. The ASR Nederland N.V. 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 47.38€ and 45.61€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 8.37%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for ASR Nederland N.V. stock

On the downside, the stock finds support just below today's level from accumulated volume at 42.63€ and 42.43€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ASR Nederland N.V. finds support just below today's level at 42.63€. If this is broken, then the next support from accumulated volume will be at 42.43€ and 42.40€.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.570€ (1.18%) between high and low. For the last week, the stock has had daily average volatility of 1.58%.

The ASR Nederland N.V. stock is extremely overbought on RSI14 (83). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: 46.06€ (-4.67%) (This stock has low daily movements and this gives low risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (ASRNL.AS) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect ASR Nederland N.V. to open at 48.38€, and during the day (based on 14 day Average True Range), to move between 47.62€ and 49.02€, which gives a possible trading interval of +/-0.705€ (+/-1.46%) up or down from last closing price. If ASR Nederland N.V. takes out the full calculated possible swing range there will be an estimated 2.92% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 42.63€, some 5.69€ (11.78%) from the current price of 48.32€, our system finds the risk reward attractive.

Is ASR Nederland N.V. stock A Buy?

ASR Nederland N.V. holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 5.188 Strong Buy Candidate Unchanged

Predicted Opening Price for ASR Nederland N.V. of Friday, May 10, 2024

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