Flow Traders NV Stock Forecast

Flow Traders NV stock price up 0.510% on Monday
(Updated on Apr 22, 2024)

FLOW.AS Signals & Forecast

Mostly positive signals in the chart today. The Flow Traders 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 19.23€ and 18.01€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 21, 2024, and so far it has risen 18.15%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Wednesday, February 28, 2024 in the short-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 Flow Traders NV stock

On the downside, the stock finds support just below today's level from accumulated volume at 17.64€ and 16.69€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Flow Traders NV finds support just below today's level at 17.64€. If this is broken, then the next support from accumulated volume will be at 16.69€ and 16.28€.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.400€ between high and low, or 2.05%. For the last week, the stock has had daily average volatility of 2.21%.

The Flow Traders NV stock is extremely overbought on RSI14 (84). 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: 18.77€ (-4.82%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (FLOW.AS) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Flow Traders NV to open at 19.73€, and during the day (based on 14 day Average True Range), to move between 19.31€ and 20.13€, which gives a possible trading interval of +/-0.412€ (+/-2.09%) up or down from last closing price. If Flow Traders NV takes out the full calculated possible swing range there will be an estimated 4.17% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 17.64€, some 2.08€ (10.55%) from the current price of 19.72€, our system finds the risk reward attractive.

Is Flow Traders NV stock A Buy?

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Flow Traders NV stock to perform well in the short-term period.

Current score: 5.156 Strong Buy Candidate Unchanged

Predicted Opening Price for Flow Traders NV of Tuesday, April 23, 2024

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