Lenzing Aktiengesellschaft Stock Forecast

Stronger technical forecast for Lenzing Aktiengesellschaft stock price after Monday trading.
(Updated on Jun 17, 2024)

LEN.F Signals & Forecast

The Lenzing 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 34.74€ and 34.15€. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -4.21%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Lenzing Aktiengesellschaft stock

On the downside, the stock finds support just below today's level from accumulated volume at 31.00€ and 30.10€. 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, Lenzing Aktiengesellschaft finds support just below today's level at 31.00€. If this is broken, then the next support from accumulated volume will be at 30.10€ and 29.45€.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 1.05€ between high and low, or 2.98%. For the last week the stock has had daily average volatility of 2.79%.

Our recommended stop-loss: 33.20€ (-5.81%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 42 days ago.)

Trading Expectations (LEN.F) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Lenzing Aktiengesellschaft to open at 35.60€, and during the day (based on 14 day Average True Range), to move between 34.19€ and 36.31€, which gives a possible trading interval of +/-1.06€ (+/-3.02%) up or down from last closing price. If Lenzing Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 6.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 35.75€ (1.42%) than the support at 31.00€ (12.06%), 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 Lenzing Aktiengesellschaft 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 Lenzing Aktiengesellschaft stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.430 Buy Candidate Upgraded

Predicted Opening Price for Lenzing Aktiengesellschaft of Tuesday, June 18, 2024

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