Grenke AG Stock Forecast

Grenke AG stock price up 0.455% on Monday
(Updated on May 20, 2024)

GLJ.DE Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 2.55%. Further rise is indicated until a new top pivot has been found. 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 Grenke 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 22.21€ and 22.45€. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Grenke AG stock

Grenke AG finds support from accumulated volume at 22.05€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.200€ between high and low, or 0.91%. For the last week the stock has had daily average volatility of 1.49%

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

Trading Expectations (GLJ.DE) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Grenke AG to open at 22.07€, and during the day (based on 14 day Average True Range), to move between 21.67€ and 22.53€, which gives a possible trading interval of +/-0.431€ (+/-1.95%) up or down from last closing price. If Grenke AG takes out the full calculated possible swing range there will be an estimated 3.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 22.05€ (0.23%) than the resistance at 22.20€ (0.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Grenke AG stock A Buy?

Grenke AG holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.678 Sell Candidate Unchanged

Predicted Opening Price for Grenke AG of Tuesday, May 21, 2024

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