DATA MODUL Aktiengesellschaft, Stock Forecast

Evaluation of DATA MODUL Aktiengesellschaft, stock downgraded after the last trading session.
(Updated on May 07, 2024)

DAM.DE Signals & Forecast

There are mixed signals in the stock today. The DATA MODUL 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 36.51€. On a fall, the stock will find some support from the short-term average at 34.97€. 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). 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 not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 5.88%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for DATA MODUL Aktiengesellschaft, stock

DATA MODUL Aktiengesellschaft, finds support from accumulated volume at 35.80€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.800€ between high and low, or 2.27%. For the last week the stock has had daily average volatility of 2.21%.

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

Trading Expectations (DAM.DE) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect DATA MODUL Aktiengesellschaft, Produktion und Vertrieb von elektronischen Systemen to open at 35.73€, and during the day (based on 14 day Average True Range), to move between 35.05€ and 36.95€, which gives a possible trading interval of +/-0.95€ (+/-2.64%) up or down from last closing price. If DATA MODUL Aktiengesellschaft, Produktion und Vertrieb von elektronischen Systemen takes out the full calculated possible swing range there will be an estimated 5.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 35.80€ (0.56%) than the resistance at 36.40€ (1.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is DATA MODUL Aktiengesellschaft, Produktion und Vertrieb von elektronischen Systemen stock A Buy?

DATA MODUL 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.999 Sell Candidate Downgraded

Predicted Opening Price for DATA MODUL Aktiengesellschaft, Produktion und Vertrieb von elektronischen Systemen of Wednesday, May 8, 2024

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