Gerresheimer AG Stock Forecast

Gerresheimer AG stock price ended at 102.30€ on Monday, after gaining 0.294%.
(Updated on May 06, 2024)

GXI.DE Signals & Forecast

There are mixed signals in the stock today. The Gerresheimer AG stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 102.81€. On a fall, the stock will find some support from the short-term average at 101.00€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, March 06, 2024, and so far it has fallen -7.25%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Gerresheimer AG stock

Gerresheimer AG finds support from accumulated volume at 102.10€ 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 1.30€ (1.28%) between high and low. For the last week, the stock has had daily average volatility of 2.21%.

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

Trading Expectations (GXI.DE) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Gerresheimer AG to open at 102.27€, and during the day (based on 14 day Average True Range), to move between 99.27€ and 105.33€, which gives a possible trading interval of +/-3.03€ (+/-2.96%) up or down from last closing price. If Gerresheimer AG takes out the full calculated possible swing range there will be an estimated 5.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 102.10€ (0.20%) than the resistance at 104.00€ (1.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Gerresheimer AG stock A Buy?

Gerresheimer AG holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.462 Sell Candidate Unchanged

Predicted Opening Price for Gerresheimer AG of Tuesday, May 7, 2024

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