Manz AG Stock Forecast
Red day on Friday for Manz AG stock after losing 1.83%
(Updated on May 03, 2024)
The Manz AG stock price fell by -1.83% on the last day (Friday, 3rd May 2024) from 7.64€ to 7.50€. During the last trading day the stock fluctuated 1.87% from a day low at 7.50€ to a day high of 7.64€. The price has fallen in 7 of the last 10 days and is down by -8.09% for this period. Volume has increased on the last day by 5 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 thousand shares were bought and sold for approximately 51.30€ thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.18% during the next 3 months and, with a 90% probability hold a price between 5.28€ and 7.31€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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M5Z.DE Signals & Forecast
There are mixed signals in the stock today. The Manz 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 8.74€. On a fall, the stock will find some support from the short-term average at 7.49€. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Manz 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 very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 7.14%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Manz AG stock
Manz AG finds support from accumulated volume at 7.40€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.140€ between high and low, or 1.87%. For the last week, the stock has had daily average volatility of 4.56%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (M5Z.DE) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Manz AG to open at 7.55€, and during the day (based on 14 day Average True Range), to move between 7.13€ and 7.87€, which gives a possible trading interval of +/-0.374€ (+/-4.99%) up or down from last closing price. If Manz AG takes out the full calculated possible swing range there will be an estimated 9.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 7.40€ (1.33%) than the resistance at 7.62€ (1.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Manz AG will release earnings BMO on Tuesday, May 14, 2024. We will update the financials statements for Manz AG, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.84% in the first trading day after earnings release.
Is Manz AG stock A Buy?
Manz AG holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.004 Sell Candidate Unchanged
Predicted Opening Price for Manz AG of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 7.55€ ( 0.622%) | 7.50€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for M5Z.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.69 | 2.49 % | |
| R2 | 7.63 | 1.78 % | ||
| R1 | 7.60 | 1.34 % | ||
| Current price: | 7.50 | |||
| Support | S1 | 7.49 | -0.0908 % | |
| S2 | 7.46 | -0.531 % | ||
| S3 | 7.41 | -1.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.16 | 22.13 % | |
| R2 | 8.74 | 16.53 % | ||
| R1 | 7.62 | 1.60 % | ||
| Current price | 7.50 | |||
| Support | S1 | 7.40 | -1.33% | |
| S2 | 7.00 | -6.67% | ||
| S3 | 0 | . |
FAQ
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