Autoneum Holding AG Stock Forecast

Red day on Monday for Autoneum Holding AG
(Updated on May 13, 2024)

AUTN.SW Signals & Forecast

There are mixed signals in the stock today. The Autoneum Holding AG stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 156.02 Fr. On a fall, the stock will find some support from the short-term average at 151.23 Fr. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -7.18%. Further fall is indicated until a new bottom pivot has been found. Autoneum Holding AG gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Autoneum Holding AG stock

Autoneum Holding AG finds support from accumulated volume at 151.20 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 3.80 Fr (2.54%) between high and low. For the last week, the stock has had daily average volatility of 2.35%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AUTN.SW) For The Upcoming Trading Day Of Tuesday 14th

For the upcoming trading day on Tuesday, 14th we expect Autoneum Holding AG to open at 152.00 Fr, and during the day (based on 14 day Average True Range), to move between 148.73 Fr and 156.47 Fr, which gives a possible trading interval of +/-3.87 Fr (+/-2.54%) up or down from last closing price. If Autoneum Holding AG takes out the full calculated possible swing range there will be an estimated 5.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 151.20 Fr (0.92%) than the resistance at 155.40 Fr (1.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Autoneum Holding AG stock A Buy?

Autoneum Holding 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.

Current score: -4.149 Sell Candidate Unchanged

Predicted Opening Price for Autoneum Holding AG of Tuesday, May 14, 2024

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