Dermapharm Holding SE Stock Forecast

Dermapharm Holding SE stock price down 0.551% on Monday
(Updated on Jun 17, 2024)

DMP.F Signals & Forecast

A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -5.87%. 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). Dermapharm Holding SE 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". Some positive signals were issued as well, and these may have some influence on the near short-term development. The Dermapharm Holding SE 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 36.80€. On a fall, the stock will find some support from the long-term average at approximately 35.92€. 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.

Support, Risk & Stop-loss for Dermapharm Holding SE stock

Dermapharm Holding SE finds support from accumulated volume at 35.10€ 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 0.750€ between high and low, or 2.09%. For the last week the stock has had daily average volatility of 2.64%.

Our recommended stop-loss: 34.30€ (-4.98%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 36 days ago.)

Trading Expectations (DMP.F) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Dermapharm Holding SE to open at 36.22€, and during the day (based on 14 day Average True Range), to move between 35.08€ and 37.12€, which gives a possible trading interval of +/-1.02€ (+/-2.83%) up or down from last closing price. If Dermapharm Holding SE takes out the full calculated possible swing range there will be an estimated 5.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 36.70€ (1.66%) than the support at 35.10€ (2.77%), 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 Dermapharm Holding SE stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.029 Buy Candidate Unchanged

Predicted Opening Price for Dermapharm Holding SE of Tuesday, June 18, 2024

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