Fuchs Petrolub SE Stock Forecast

Green day on Friday for Fuchs Petrolub SE stock after gaining 3.10%
(Updated on May 17, 2024)

FPE3.F Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 44.52€. On a fall, the stock will find some support from the short-term average at 42.93€. 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. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -6.28%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Fuchs Petrolub SE stock

Fuchs Petrolub SE finds support from accumulated volume at 43.56€ 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 1.50€ between high and low, or 3.54%. For the last week the stock has had daily average volatility of 1.85%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FPE3.F) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Fuchs Petrolub SE to open at 43.37€, and during the day (based on 14 day Average True Range), to move between 42.93€ and 44.75€, which gives a possible trading interval of +/-0.91€ (+/-2.08%) up or down from last closing price. If Fuchs Petrolub SE takes out the full calculated possible swing range there will be an estimated 4.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 43.88€ (0.09%) than the support at 43.56€ (0.64%), 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 negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.384 Sell Candidate Unchanged

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.