Scout24 AG Stock Forecast

Red day on Thursday for Scout24 AG stock after losing 0%
(Updated on May 16, 2024)

G24.F Signals & Forecast

The Scout24 AG 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 71.18€ and 69.49€. 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 Wednesday, May 08, 2024, and so far it has fallen -0.767%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for Scout24 AG stock

Scout24 AG finds support from accumulated volume at 69.16€ 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 0.600€ (0.85%) between high and low. For the last week, the stock has had daily average volatility of 2.37%.

Our recommended stop-loss: 68.48€ (-3.81%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (G24.F) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect Scout24 AG to open at 71.17€, and during the day (based on 14 day Average True Range), to move between 69.70€ and 72.70€, which gives a possible trading interval of +/-1.50€ (+/-2.11%) up or down from last closing price. If Scout24 AG takes out the full calculated possible swing range there will be an estimated 4.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 71.30€ (0.14%) than the support at 69.16€ (2.87%), 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 Scout24 AG stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Scout24 AG stock to perform well in the short-term.

Current score: 2.089 Buy Candidate Unchanged

Predicted Opening Price for Scout24 AG of Friday, May 17, 2024

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