MeVis Medical Solutions AG Stock Forecast

MeVis Medical Solutions AG stock downgraded to Sell Candidate
(Updated on Jun 28, 2024)

M3V.F Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The MeVis Medical Solutions AG stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 26.57€ and 26.49€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -1.49%. Further fall is indicated until a new bottom pivot has been found. 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. The stock had a Golden Star Signal on Monday, March 25, 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 MeVis Medical Solutions AG stock

MeVis Medical Solutions AG finds support from accumulated volume at 25.40€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.200€ between high and low, or 0.763%. For the last week the stock has had daily average volatility of 0.153%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (M3V.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect MeVis Medical Solutions AG to open at 26.33€, and during the day (based on 14 day Average True Range), to move between 26.30€ and 26.50€, which gives a possible trading interval of +/-0.0966€ (+/-0.37%) up or down from last closing price. If MeVis Medical Solutions AG takes out the full calculated possible swing range there will be an estimated 0.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 26.60€ (0.76%) than the support at 25.40€ (3.79%), 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 MeVis Medical Solutions AG stock A Buy?

The MeVis Medical Solutions AG stock holds several negative signals and despite the positive trend, we believe MeVis Medical Solutions AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -3.337 Sell Candidate Downgraded

Predicted Opening Price for MeVis Medical Solutions AG of Monday, July 1, 2024

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