Dierig Holding AG Stock Forecast

Stronger technical forecast for Dierig Holding AG stock price after Thursday trading.
(Updated on May 23, 2024)

DIE.DE Signals & Forecast

The Dierig Holding AG 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 10.06€ and 9.88€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, April 04, 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 Dierig Holding AG stock

Dierig Holding AG finds support from accumulated volume at 9.80€ 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 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

The Dierig Holding AG stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: 9.86€ (-3.34%) (This stock has low daily movements and this gives low risk. The RSI14 is 83 and this increases the risk substantially. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (DIE.DE) For The Upcoming Trading Day Of Friday 24th

For the upcoming trading day on Friday, 24th we expect Dierig Holding AG to open at 10.20€, and during the day (based on 14 day Average True Range), to move between 10.13€ and 10.27€, which gives a possible trading interval of +/-0.0709€ (+/-0.70%) up or down from last closing price. If Dierig Holding AG takes out the full calculated possible swing range there will be an estimated 1.39% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 9.80€, some 0.400€ (3.92%) from the current price of 10.20€, our system finds the risk reward attractive.

Is Dierig Holding AG stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Dierig Holding AG stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.621 Buy Candidate Upgraded

Predicted Opening Price for Dierig Holding AG of Friday, May 24, 2024

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