CEWE Stiftung & Co. KGaA Stock Forecast

CEWE Stiftung & Co. KGaA stock downgraded to Hold/Accumulate
(Updated on May 17, 2024)

CWC.DE Signals & Forecast

The CEWE Stiftung & Co. KGaA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 101.06€ and 101.01€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.88%. 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, March 18, 2024 in the short-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 CEWE Stiftung & Co. KGaA stock

CEWE Stiftung & Co. KGaA finds support from accumulated volume at 103.00€ 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 1.40€ between high and low, or 1.38%. For the last week the stock has had daily average volatility of 1.69%

The CEWE Stiftung & Co. KGaA stock is extremely overbought on RSI14 (76). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: 98.16€ (-4.88%) (This stock has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 19 days ago.)

Trading Expectations (CWC.DE) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect CEWE Stiftung & Co. KGaA to open at 102.73€, and during the day (based on 14 day Average True Range), to move between 101.72€ and 104.68€, which gives a possible trading interval of +/-1.48€ (+/-1.43%) up or down from last closing price. If CEWE Stiftung & Co. KGaA takes out the full calculated possible swing range there will be an estimated 2.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 103.00€ (0.19%) than the resistance at 103.60€ (0.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CEWE Stiftung & Co. KGaA stock A Buy?

CEWE Stiftung & Co. KGaA 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.883 Hold/Accumulate Downgraded

Predicted Opening Price for CEWE Stiftung & Co. KGaA of Monday, May 20, 2024

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