Deutsche Rohstoff AG Stock Forecast

Red day on Friday for Deutsche Rohstoff AG stock after losing 0.241%
(Updated on May 17, 2024)

DR0.DE Signals & Forecast

The Deutsche Rohstoff 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 42.43€. On a fall, the stock will find some support from the long-term average at approximately 40.89€. 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, April 26, 2024, and so far it has fallen -7.80%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Thursday, August 31, 2023 in the long-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 Deutsche Rohstoff AG stock

Deutsche Rohstoff AG finds support from accumulated volume at 40.50€ 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 controlled movements and therefore the general risk is considered 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 0.90€ between high and low, or 2.19%. For the last week the stock has had daily average volatility of 3.67%.

Deutsche Rohstoff AG is oversold on RSI14 (28). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: 39.17€ (-5.38%) (This stock has low daily movements and this gives low risk. Low RSI14 is 28 which reduces the risk some. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (DR0.DE) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Deutsche Rohstoff AG to open at 41.50€, and during the day (based on 14 day Average True Range), to move between 40.01€ and 42.79€, which gives a possible trading interval of +/-1.39€ (+/-3.36%) up or down from last closing price. If Deutsche Rohstoff AG takes out the full calculated possible swing range there will be an estimated 6.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 40.50€ (2.17%) than the resistance at 43.60€ (5.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Deutsche Rohstoff 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 Deutsche Rohstoff AG stock to perform well in the short-term.

Current score: 2.496 Buy Candidate Unchanged

Predicted Opening Price for Deutsche Rohstoff AG of Monday, May 20, 2024

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