AT & S Austria Technologie & Stock Forecast

Red day on Wednesday for AT & S Austria Technologie &
(Updated on May 08, 2024)

AUS.DE Signals & Forecast

The AT & S Austria Technologie & 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 20.55€ and 18.96€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, April 30, 2024, and so far it has fallen -0.191%. Further fall is indicated until a new bottom pivot has been found. 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for AT & S Austria Technologie & stock

AT & S Austria Technologie & finds support from accumulated volume at 20.24€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.0800€ between high and low, or 0.384%. For the last week the stock has had daily average volatility of 2.38%.

The AT & S Austria Technologie & stock is extremely overbought on RSI14 (79). 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: 20.13€ (-3.48%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (AUS.DE) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect AT & S Austria Technologie & Systemtechnik Aktiengesellschaft to open at 20.89€, and during the day (based on 14 day Average True Range), to move between 20.39€ and 21.33€, which gives a possible trading interval of +/-0.473€ (+/-2.27%) up or down from last closing price. If AT & S Austria Technologie & Systemtechnik Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 4.53% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 20.90€ (0.19%) than the support at 20.24€ (2.97%), 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 AT & S Austria Technologie & Systemtechnik Aktiengesellschaft stock A Buy?

AT & S Austria Technologie & 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: 0.705 Hold/Accumulate Unchanged

Predicted Opening Price for AT & S Austria Technologie & Systemtechnik Aktiengesellschaft of Thursday, May 9, 2024

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