Deutsche EuroShop AG Stock Forecast

Deutsche EuroShop AG stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on May 16, 2024)

DEQ.DE Signals & Forecast

There are few to no technical positive signals at the moment. The Deutsche EuroShop AG 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 18.89€. On a fall, the stock will find some support from the short-term average at 18.82€. 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. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -0.737%. 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). Deutsche EuroShop AG gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Deutsche EuroShop AG stock

Deutsche EuroShop AG finds support from accumulated volume at 18.70€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.420€ between high and low, or 2.25%. For the last week the stock has had daily average volatility of 1.69%.

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

Trading Expectations (DEQ.DE) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect Deutsche EuroShop AG to open at 18.89€, and during the day (based on 14 day Average True Range), to move between 18.57€ and 19.15€, which gives a possible trading interval of +/-0.287€ (+/-1.52%) up or down from last closing price. If Deutsche EuroShop AG takes out the full calculated possible swing range there will be an estimated 3.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 18.90€ (0.21%) than the support at 18.70€ (0.85%), 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 Deutsche EuroShop AG stock A Buy?

Deutsche EuroShop AG holds several negative signals and is within a narrow and falling trend, so we believe 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: -1.511 Sell Candidate Downgraded

Predicted Opening Price for Deutsche EuroShop AG of Friday, May 17, 2024

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