Bilfinger SE Stock Forecast

Bilfinger SE stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 31, 2024)

GBF.DE Signals & Forecast

The Bilfinger SE stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 50.49€. On a fall, the stock will find some support from the long-term average at approximately 46.15€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -2.71%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Bilfinger SE stock

Bilfinger SE finds support from accumulated volume at 49.85€ 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.80€ between high and low, or 1.62%. For the last week, the stock has had daily average volatility of 1.97%.

Our recommended stop-loss: 48.13€ (-4.12%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 31 days ago.)

Trading Expectations (GBF.DE) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Bilfinger SE to open at 49.93€, and during the day (based on 14 day Average True Range), to move between 49.05€ and 51.35€, which gives a possible trading interval of +/-1.15€ (+/-2.29%) up or down from last closing price. If Bilfinger SE takes out the full calculated possible swing range there will be an estimated 4.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 50.30€ (0.20%) than the support at 49.85€ (0.70%), 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 Bilfinger SE 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 Bilfinger SE stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.340 Buy Candidate Upgraded

Predicted Opening Price for Bilfinger SE of Monday, June 3, 2024

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