Iberdrola, S.A. Stock Forecast

Evaluation of Iberdrola, S.A. stock downgraded after the last trading session.
(Updated on Jun 21, 2024)

IBE1.DE Signals & Forecast

There are few to no technical positive signals at the moment. The Iberdrola, S.A. 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 12.12€ and 12.16€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -3.52%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Iberdrola, S.A. 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 Friday, April 19, 2024 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 Iberdrola, S.A. stock

Iberdrola, S.A. finds support from accumulated volume at 12.06€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.180€ between high and low, or 1.49%. For the last week the stock has had daily average volatility of 1.75%.

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

Trading Expectations (IBE1.DE) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Iberdrola, S.A. to open at 12.12€, and during the day (based on 14 day Average True Range), to move between 11.86€ and 12.26€, which gives a possible trading interval of +/-0.201€ (+/-1.67%) up or down from last closing price. If Iberdrola, S.A. takes out the full calculated possible swing range there will be an estimated 3.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 12.06€ (0.04%) than the resistance at 12.21€ (1.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Iberdrola, S.A. stock A Buy?

The Iberdrola, S.A. stock holds several negative signals and despite the positive trend, we believe Iberdrola, S.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -4.550 Sell Candidate Downgraded

Predicted Opening Price for Iberdrola, S.A. of Monday, June 24, 2024

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