Intershop Holding AG Stock Forecast

Intershop Holding AG stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 24, 2024)

ISN.SW Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has risen 2.99%. 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). Intershop Holding AG 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Intershop Holding 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 194.33 Fr. On a fall, the stock will find some support from the short-term average at 123.89 Fr. 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.

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

Intershop Holding AG finds support from accumulated volume at 123.60 Fr 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 1.60 Fr between high and low, or 1.30%. For the last week the stock has had daily average volatility of 1.17%.

Our recommended stop-loss: 118.21 Fr (-4.82%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)

Trading Expectations (ISN.SW) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Intershop Holding AG to open at 124.07 Fr, and during the day (based on 14 day Average True Range), to move between 118.08 Fr and 130.32 Fr, which gives a possible trading interval of +/-6.12 Fr (+/-4.93%) up or down from last closing price. If Intershop Holding AG takes out the full calculated possible swing range there will be an estimated 9.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 124.40 Fr (0.16%) than the support at 123.60 Fr (0.48%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Intershop Holding AG stock A Buy?

Intershop Holding AG holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.505 Hold/Accumulate Upgraded

Predicted Opening Price for Intershop Holding AG of Monday, May 27, 2024

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