INDUS Holding AG Stock Forecast

Red day on Wednesday for INDUS Holding AG stock after losing 1.35%
(Updated on Apr 24, 2024)

INH.DE Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -5.70%. 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). INDUS Holding AG 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 INDUS Holding AG 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 25.48€ and 25.21€. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for INDUS Holding AG stock

INDUS Holding AG finds support from accumulated volume at 25.60€ 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 0.650€ (2.54%) between high and low. For the last week, the stock has had daily average volatility of 1.97%.

Our recommended stop-loss: 24.75€ (-3.51%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (INH.DE) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect INDUS Holding AG to open at 25.80€, and during the day (based on 14 day Average True Range), to move between 25.07€ and 26.23€, which gives a possible trading interval of +/-0.577€ (+/-2.25%) up or down from last closing price. If INDUS Holding AG takes out the full calculated possible swing range there will be an estimated 4.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 25.60€ (0.19%) than the resistance at 26.55€ (3.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is INDUS Holding AG 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 INDUS Holding AG stock to perform well in the short-term.

Current score: 2.195 Buy Candidate Unchanged

Predicted Opening Price for INDUS Holding AG of Thursday, April 25, 2024

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