Deutsche EuroShop AG Stock Forecast

Green day on Tuesday for Deutsche EuroShop AG
(Updated on Jun 25, 2024)

DEQ.F Signals & Forecast

The Deutsche EuroShop AG 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 21.86€. On a fall, the stock will find some support from the long-term average at approximately 20.31€. 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, June 21, 2024, and so far it has fallen -2.70%. 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 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.

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

Deutsche EuroShop AG finds support from accumulated volume at 21.20€ 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 0.300€ between high and low, or 1.40%. For the last week the stock has had daily average volatility of 2.46%.

Our recommended stop-loss: 20.75€ (-4.15%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (DEQ.F) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Deutsche EuroShop AG to open at 21.62€, and during the day (based on 14 day Average True Range), to move between 21.11€ and 22.19€, which gives a possible trading interval of +/-0.539€ (+/-2.49%) up or down from last closing price. If Deutsche EuroShop AG takes out the full calculated possible swing range there will be an estimated 4.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 21.70€ (0.23%) than the support at 21.20€ (2.08%), 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 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: 0.201 Hold/Accumulate Unchanged

Predicted Opening Price for Deutsche EuroShop AG of Wednesday, June 26, 2024

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