Beiersdorf Aktiengesellschaft Stock Forecast

Red day on Thursday for Beiersdorf Aktiengesellschaft stock after losing 0.277%
(Updated on May 16, 2024)

BEI.F Signals & Forecast

The Beiersdorf Aktiengesellschaft stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 145.40€. On a fall, the stock will find some support from the long-term average at approximately 137.53€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, May 10, 2024, and so far it has fallen -2.21%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Friday, September 08, 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 139.05€ 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.85€ between high and low, or 0.591%. For the last week, the stock has had daily average volatility of 1.22%.

Our recommended stop-loss: 139.18€ (-3.35%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (BEI.F) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect Beiersdorf Aktiengesellschaft to open at 144.15€, and during the day (based on 14 day Average True Range), to move between 142.17€ and 145.83€, which gives a possible trading interval of +/-1.83€ (+/-1.27%) up or down from last closing price. If Beiersdorf Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 2.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 144.35€ (0.24%) than the support at 139.05€ (3.44%), 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 Beiersdorf Aktiengesellschaft stock A Buy?

Beiersdorf Aktiengesellschaft holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.933 Hold/Accumulate Unchanged

Predicted Opening Price for Beiersdorf Aktiengesellschaft of Friday, May 17, 2024

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