Fresenius SE Stock Forecast

Stronger technical forecast for Fresenius SE stock price after Thursday trading.
(Updated on Apr 25, 2024)

FSNUY Signals & Forecast

The Fresenius SE 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 $7.32 and $6.93. 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). 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 Tuesday, April 23, 2024, and so far it has fallen -1.60%. Further fall is indicated until a new bottom pivot has been found. Fresenius SE gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The stock had a Golden Star Signal on Tuesday, July 11, 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 Fresenius SE stock

On the downside, the stock finds support just below today's level from accumulated volume at $6.87 and $6.78. 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, Fresenius SE finds support just below today's level at $6.87. If this is broken, then the next support from accumulated volume will be at $6.78 and $6.63.

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 $0.0600 between high and low, or 0.82%. For the last week, the stock has had daily average volatility of 1.58%.

Our recommended stop-loss: $7.13 (-3.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (FSNUY) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Fresenius SE to open at $7.36, and during the day (based on 14 day Average True Range), to move between $7.24 and $7.50, which gives a possible trading interval of +/-$0.132 (+/-1.79%) up or down from last closing price. If Fresenius SE takes out the full calculated possible swing range there will be an estimated 3.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $7.39 (0.27%) than the support at $6.87 (6.78%), 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 Fresenius SE stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Fresenius SE stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.812 Buy Candidate Upgraded

Predicted Opening Price for Fresenius SE of Friday, April 26, 2024

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