SFC Energy AG Stock Forecast
Stronger technical forecast for SFC Energy AG stock price after Wednesday trading.
(Updated on Jun 12, 2024)
The SFC Energy AG stock price gained 1.77% on the last trading day (Wednesday, 12th Jun 2024), rising from 22.60€ to 23.00€. During the last trading day the stock fluctuated 3.33% from a day low at 22.50€ to a day high of 23.25€. The price has risen in 6 of the last 10 days but is still down by -1.08% for this period. Volume fell on the last day by -11 thousand shares and in total, 20 thousand shares were bought and sold for approximately 466.19€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 22.06€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 34.21% during the next 3 months and, with a 90% probability hold a price between 29.60€ and 36.07€ at the end of this 3-month period.
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F3C.F Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -8.00%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The SFC Energy 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 22.26€ and 21.85€. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for SFC Energy AG stock
SFC Energy AG finds support from accumulated volume at 22.90€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.750€ between high and low, or 3.33%. For the last week the stock has had daily average volatility of 2.98%.
Our recommended stop-loss: 21.67€ (-5.80%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (F3C.F) For The Upcoming Trading Day Of Thursday 13th
For the upcoming trading day on Thursday, 13th we expect SFC Energy AG to open at 22.92€, and during the day (based on 14 day Average True Range), to move between 22.19€ and 23.81€, which gives a possible trading interval of +/-0.81€ (+/-3.54%) up or down from last closing price. If SFC Energy AG takes out the full calculated possible swing range there will be an estimated 7.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 22.90€ (0.43%) than the resistance at 24.15€ (5.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SFC Energy 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 SFC Energy 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: 3.461 Buy Candidate Upgraded
Predicted Opening Price for SFC Energy AG of Thursday, June 13, 2024
| Fair opening price June 13, 2024 | Current price |
|---|---|
| 22.92€ ( 0.362%) | 23.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for F3C.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.67 | 2.90% |
| R2 | 23.38 | 1.65% |
| R1 | 23.20 | 0.88% |
| Price | 23.00 | |
| S1 | 22.63 | -1.61% |
| S2 | 22.45 | -2.38% |
| S3 | 22.17 | -3.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.00 | 8.70% |
| R2 | 24.75 | 7.61% |
| R1 | 24.15 | 5.00% |
| Price | 23.00 | |
| S1 | 22.90 | -0.435% |
| S2 | 22.80 | -0.87% |
| S3 | 18.70 | -18.70% |
FAQ
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