Deutsche Rohstoff AG Stock Forecast

A very strong day for Deutsche Rohstoff AG stock price on Friday
(Updated on Apr 26, 2024)

DR0.F Signals & Forecast

Mostly positive signals in the chart today. The Deutsche Rohstoff 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 43.27€ and 37.54€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 5.90%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Deutsche Rohstoff AG has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

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

Deutsche Rohstoff AG finds support from accumulated volume at 44.10€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 2.90€ between high and low, or 6.89%. For the last week, the stock has had daily average volatility of 5.80%.

The Deutsche Rohstoff AG stock is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: 43.35€ (-3.46%) (This stock has high daily movements and this gives high risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (DR0.F) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Deutsche Rohstoff AG to open at 44.00€, and during the day (based on 14 day Average True Range), to move between 43.34€ and 46.46€, which gives a possible trading interval of +/-1.56€ (+/-3.47%) up or down from last closing price. If Deutsche Rohstoff AG takes out the full calculated possible swing range there will be an estimated 6.94% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 44.10€, some 0.800€ (1.78%) from the current price of 44.90€, our system finds the risk reward attractive.

Is Deutsche Rohstoff AG stock A Buy?

Deutsche Rohstoff AG holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.625 Strong Buy Candidate Upgraded

Predicted Opening Price for Deutsche Rohstoff AG of Monday, April 29, 2024

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