Beiersdorf Aktiengesellschaft Stock Forecast

Green day on Friday for Beiersdorf Aktiengesellschaft
(Updated on Apr 19, 2024)

BDRFY Signals & Forecast

The Beiersdorf Aktiengesellschaft stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $28.40 and $28.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 4.50%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Monday, October 23, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Beiersdorf Aktiengesellschaft stock

Beiersdorf Aktiengesellschaft finds support from accumulated volume at $29.00 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 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 $0.278 between high and low, or 0.96%. For the last week the stock has had daily average volatility of 1.02%

Our recommended stop-loss: $27.77 (-4.31%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (BDRFY) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Beiersdorf Aktiengesellschaft to open at $28.98, and during the day (based on 14 day Average True Range), to move between $28.62 and $29.42, which gives a possible trading interval of +/-$0.402 (+/-1.39%) up or down from last closing price. If Beiersdorf Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 2.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $29.00 (0.07%) than the resistance at $29.15 (0.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Beiersdorf Aktiengesellschaft stock A Buy?

Beiersdorf Aktiengesellschaft 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: -0.166 Hold/Accumulate Unchanged

Predicted Opening Price for Beiersdorf Aktiengesellschaft of Monday, April 22, 2024

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