Iberdrola, S.A. Stock Forecast

Stronger technical forecast for Iberdrola, S.A. stock price after Wednesday trading.
(Updated on May 15, 2024)

IBE1.F Signals & Forecast

Mostly positive signals in the chart today. The Iberdrola, S.A. 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 12.10€ and 11.51€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 14.26%. 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). Iberdrola, S.A. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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

On the downside, the stock finds support just below today's level from accumulated volume at 11.42€ and 11.29€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Iberdrola, S.A. finds support just below today's level at 11.42€. If this is broken, then the next support from accumulated volume will be at 11.29€ and 11.04€.

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 0.335€ between high and low, or 2.75%. For the last week, the stock has had daily average volatility of 1.51%.

Our recommended stop-loss: 11.94€ (-4.48%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 24 days ago.)

Trading Expectations (IBE1.F) For The Upcoming Trading Day Of Thursday 16th

For the upcoming trading day on Thursday, 16th we expect Iberdrola, S.A. to open at 12.39€, and during the day (based on 14 day Average True Range), to move between 12.28€ and 12.72€, which gives a possible trading interval of +/-0.224€ (+/-1.79%) up or down from last closing price. If Iberdrola, S.A. takes out the full calculated possible swing range there will be an estimated 3.58% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 11.42€, some 1.09€ (8.68%) from the current price of 12.50€, our system finds the risk reward attractive.

Is Iberdrola, S.A. stock A Buy?

Iberdrola, S.A. holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.463 Strong Buy Candidate Upgraded

Predicted Opening Price for Iberdrola, S.A. of Thursday, May 16, 2024

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