Media and Games Invest SE Stock Forecast
Media and Games Invest SE stock price ended at kr17.76 on Wednesday, after losing 0%.
(Updated on Jun 26, 2024)
No changes to the price of Media and Games Invest SE stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at kr17.76 to a day high of kr17.76. The price has been going up and down for this period, and there has been a -2.63% loss for the last 2 weeks.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr16.81 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.64% during the next 3 months and, with a 90% probability hold a price between kr15.86 and kr20.43 at the end of this 3-month period.
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M8G.ST Signals & Forecast
There are mixed signals in the stock today. The Media and Games Invest SE stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at kr17.76 and kr19.02. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". 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, June 13, 2024, and so far it has risen 0.680%. 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).
Support, Risk & Stop-loss for Media and Games Invest SE stock
Media and Games Invest SE finds support from accumulated volume at kr17.70 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 kr0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: kr16.68 (-6.09%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (M8G.ST) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Media and Games Invest SE to open at kr17.76, and during the day (based on 14 day Average True Range), to move between kr17.26 and kr18.26, which gives a possible trading interval of +/-kr0.504 (+/-2.84%) up or down from last closing price. If Media and Games Invest SE takes out the full calculated possible swing range there will be an estimated 5.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr17.70 (0.34%) than the resistance at kr19.40 (9.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Media and Games Invest SE stock A Buy?
Media and Games Invest SE 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Media and Games Invest SE of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
kr17.76 ( 0%) | kr17.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for M8G.ST
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 17.76 | - |
R2 | 17.76 | - |
R1 | 17.76 | - |
Price | 17.76 | |
S1 | 17.76 | - |
S2 | 17.76 | - |
S3 | 17.76 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 21.25 | 19.65% |
R2 | 19.60 | 10.36% |
R1 | 19.40 | 9.23% |
Price | 17.76 | |
S1 | 17.70 | -0.338% |
S2 | 17.64 | -0.676% |
S3 | 0 | - |
FAQ
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