Medion AG Stock Forecast

Green day on Wednesday for Medion AG
(Updated on Jun 26, 2024)

MDN.F Signals & Forecast

The Medion AG 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 14.50€ and 12.32€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Medion AG stock

Medion AG finds support from accumulated volume at 14.50€ 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 0.200€ between high and low, or 1.37%. For the last week the stock has had daily average volatility of 2.38%.

The Medion AG stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: 14.18€ (-2.88%) (This stock has high daily movements and this gives high risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 34 days ago.)

Trading Expectations (MDN.F) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Medion AG to open at 14.67€, and during the day (based on 14 day Average True Range), to move between 14.22€ and 14.98€, which gives a possible trading interval of +/-0.384€ (+/-2.63%) up or down from last closing price. If Medion AG takes out the full calculated possible swing range there will be an estimated 5.26% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 14.50€, some 0.1000€ (0.68%) from the current price of 14.60€, our system finds the risk reward attractive.

Is Medion AG 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 Medion AG stock to perform well in the short-term.

Current score: 2.407 Buy Candidate Unchanged

Predicted Opening Price for Medion AG of Thursday, June 27, 2024

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