Barco NV Stock Forecast

Red day on Thursday for Barco NV stock after losing 0%
(Updated on May 16, 2024)

BAR.BB Signals & Forecast

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. The Barco NV 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 13.55€ and 14.18€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -0.81%. 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 Barco NV stock

Barco NV finds support from accumulated volume at 13.12€ 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 very controlled movements and therefore the general risk is considered very 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 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 0.98%

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

Trading Expectations (BAR.BB) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect Barco NV to open at 13.50€, and during the day (based on 14 day Average True Range), to move between 13.19€ and 13.81€, which gives a possible trading interval of +/-0.309€ (+/-2.29%) up or down from last closing price. If Barco NV takes out the full calculated possible swing range there will be an estimated 4.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 13.12€ (2.81%) than the resistance at 15.16€ (12.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Barco NV stock A Buy?

Barco NV holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.889 Sell Candidate Unchanged

Predicted Opening Price for Barco NV of Friday, May 17, 2024

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