FORIS AG Stock Forecast

FORIS AG stock price down 0% on Tuesday
(Updated on Jul 02, 2024)

FRS.DE Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The FORIS AG stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 2.03€ and 2.13€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -11.40%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for FORIS AG stock

FORIS AG finds support from accumulated volume at 1.96€ 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€ between high and low, or 0%. For the last week the stock has had daily average volatility of 0%.

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

Trading Expectations (FRS.DE) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect FORIS AG to open at 2.02€, and during the day (based on 14 day Average True Range), to move between 1.97€ and 2.07€, which gives a possible trading interval of +/-0.0470€ (+/-2.33%) up or down from last closing price. If FORIS AG takes out the full calculated possible swing range there will be an estimated 4.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 2.04€ (0.99%) than the support at 1.96€ (2.97%), 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 FORIS AG stock A Buy?

The FORIS AG stock holds several negative signals and despite the positive trend, we believe FORIS AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.224 Sell Candidate Unchanged

Predicted Opening Price for FORIS AG of Wednesday, July 3, 2024

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