Leifheit Aktiengesellschaft Stock Forecast

Leifheit Aktiengesellschaft stock upgraded to Strong Buy Candidate.
(Updated on May 14, 2024)

LEI.F Signals & Forecast

Mostly positive signals in the chart today. The Leifheit Aktiengesellschaft 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 16.96€ and 15.74€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 29.59%. 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). Leifheit Aktiengesellschaft 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.

Support, Risk & Stop-loss for Leifheit Aktiengesellschaft stock

On the downside, the stock finds support just below today's level from accumulated volume at 15.10€ and 14.50€. 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, Leifheit Aktiengesellschaft finds support just below today's level at 15.10€. If this is broken, then the next support from accumulated volume will be at 14.50€ and 14.05€.

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 0.550€ between high and low, or 3.27%. For the last week, the stock has had daily average volatility of 2.87%.

Our recommended stop-loss: 16.68€ (-3.56%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 37 days ago.)

Trading Expectations (LEI.F) For The Upcoming Trading Day Of Wednesday 15th

For the upcoming trading day on Wednesday, 15th we expect Leifheit Aktiengesellschaft to open at 17.15€, and during the day (based on 14 day Average True Range), to move between 16.76€ and 17.84€, which gives a possible trading interval of +/-0.535€ (+/-3.10%) up or down from last closing price. If Leifheit Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 6.19% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 15.10€, some 2.20€ (12.72%) from the current price of 17.30€, our system finds the risk reward attractive.

Is Leifheit Aktiengesellschaft stock A Buy?

Leifheit Aktiengesellschaft holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". 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: 5.985 Strong Buy Candidate Upgraded

Predicted Opening Price for Leifheit Aktiengesellschaft of Wednesday, May 15, 2024

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