Fagron NV Stock Forecast

Green day on Monday for Fagron NV stock after gaining 1.36%
(Updated on Apr 22, 2024)

FAGR.BB Signals & Forecast

The Fagron NV 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 17.71€ and 17.42€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Fagron NV 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. 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 Wednesday, April 17, 2024, and so far it has fallen -0.335%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Fagron NV stock

Fagron NV finds support from accumulated volume at 17.80€ 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 0.520€ between high and low, or 2.97%. For the last week the stock has had daily average volatility of 1.83%.

Our recommended stop-loss: 17.12€ (-4.03%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (FAGR.BB) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Fagron NV to open at 17.79€, and during the day (based on 14 day Average True Range), to move between 17.50€ and 18.18€, which gives a possible trading interval of +/-0.343€ (+/-1.92%) up or down from last closing price. If Fagron NV takes out the full calculated possible swing range there will be an estimated 3.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 17.80€ (0.22%) than the resistance at 17.91€ (0.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Fagron NV 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 Fagron NV stock to perform well in the short-term.

Current score: 4.140 Buy Candidate Unchanged

Predicted Opening Price for Fagron NV of Tuesday, April 23, 2024

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