BayWa Aktiengesellschaft Stock Forecast

BayWa Aktiengesellschaft stock price up 4.89% on Friday
(Updated on Jun 14, 2024)

BYW.DE Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 4.89%. Further rise is indicated until a new top pivot has been found. BayWa Aktiengesellschaft has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BayWa Aktiengesellschaft 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 32.42€. On a fall, the stock will find some support from the short-term average at 31.47€. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for BayWa Aktiengesellschaft stock

BayWa Aktiengesellschaft finds support from accumulated volume at 31.40€ 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 0.300€ between high and low, or 0.94%. For the last week, the stock has had daily average volatility of 1.14%.

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

Trading Expectations (BYW.DE) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect BayWa Aktiengesellschaft to open at 32.10€, and during the day (based on 14 day Average True Range), to move between 31.01€ and 33.39€, which gives a possible trading interval of +/-1.19€ (+/-3.68%) up or down from last closing price. If BayWa Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 7.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 32.90€ (2.17%) than the support at 31.40€ (2.48%), 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 BayWa Aktiengesellschaft stock A Buy?

BayWa Aktiengesellschaft 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: -2.583 Sell Candidate Unchanged

Predicted Opening Price for BayWa Aktiengesellschaft of Monday, June 17, 2024

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