Merkur Privatbank KGaA Stock Forecast

Red day on Tuesday for Merkur Privatbank KGaA stock after losing 0%
(Updated on Jun 25, 2024)

MBK.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 1.34%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Merkur Privatbank KGaA 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 15.16€ and 15.57€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.

Support, Risk & Stop-loss for Merkur Privatbank KGaA stock

Merkur Privatbank KGaA finds support from accumulated volume at 14.90€ 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 0.1000€ between high and low, or 0.662%. For the last week the stock has had daily average volatility of 0.670%

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

Trading Expectations (MBK.F) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Merkur Privatbank KGaA to open at 15.13€, and during the day (based on 14 day Average True Range), to move between 14.94€ and 15.26€, which gives a possible trading interval of +/-0.156€ (+/-1.03%) up or down from last closing price. If Merkur Privatbank KGaA takes out the full calculated possible swing range there will be an estimated 2.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 15.20€ (0.66%) than the support at 14.90€ (1.32%), 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 Merkur Privatbank KGaA stock A Buy?

The Merkur Privatbank KGaA stock holds several negative signals and despite the positive trend, we believe Merkur Privatbank KGaA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.675 Sell Candidate Unchanged

Predicted Opening Price for Merkur Privatbank KGaA of Wednesday, June 26, 2024

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