Energiedienst Holding AG Stock Forecast

Red day on Friday for Energiedienst Holding AG
(Updated on May 17, 2024)

EDHN.SW Signals & Forecast

The Energiedienst Holding 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 39.03 Fr. On a fall, the stock will find some support from the long-term average at approximately 38.53 Fr. 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. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Friday, May 03, 2024 and based on theory for this formation the price should go up by 1.38% to 39.23 Fr within 3 trading days since signal was issued (Tuesday, May 21, 2024).

Support, Risk & Stop-loss for Energiedienst Holding AG stock

Energiedienst Holding AG finds support from accumulated volume at 38.10 Fr 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 Fr between high and low, or 0%. For the last week the stock has had daily average volatility of 0.82%

Our recommended stop-loss: 36.46 Fr (-5.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (EDHN.SW) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Energiedienst Holding AG to open at 38.70 Fr, and during the day (based on 14 day Average True Range), to move between 38.16 Fr and 39.24 Fr, which gives a possible trading interval of +/-0.542 Fr (+/-1.40%) up or down from last closing price. If Energiedienst Holding AG takes out the full calculated possible swing range there will be an estimated 2.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 39.30 Fr (1.55%) than the support at 38.10 Fr (1.55%), 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 Energiedienst Holding AG stock A Buy?

Energiedienst Holding AG holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Energiedienst Holding AG of Tuesday, May 21, 2024

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