Fuchs Petrolub SE Stock Forecast

Fuchs Petrolub SE stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)

FPE.DE Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 3.33%. 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). Fuchs Petrolub SE 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. The Fuchs Petrolub SE stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 35.23€. On a fall, the stock will find some support from the short-term average at 33.47€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. The stock had a Golden Star Signal on Friday, September 08, 2023 in the long-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 Fuchs Petrolub SE stock

Fuchs Petrolub SE finds support from accumulated volume at 33.80€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 1.55€ (4.65%) between high and low. For the last week, the stock has had daily average volatility of 2.02%.

Our recommended stop-loss: 32.40€ (-5.13%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (FPE.DE) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Fuchs Petrolub SE to open at 34.10€, and during the day (based on 14 day Average True Range), to move between 33.44€ and 34.86€, which gives a possible trading interval of +/-0.714€ (+/-2.09%) up or down from last closing price. If Fuchs Petrolub SE takes out the full calculated possible swing range there will be an estimated 4.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 34.30€ (0.44%) than the support at 33.80€ (1.02%), 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 Fuchs Petrolub SE stock A Buy?

Fuchs Petrolub SE 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.647 Hold/Accumulate Upgraded

Predicted Opening Price for Fuchs Petrolub SE of Monday, May 20, 2024

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