Medincell SA Stock Forecast

Big movements in Medincell SA stock price on Wednesday moving 10.42% between high and low
(Updated on May 15, 2024)

MEDCL.PA Signals & Forecast

The Medincell SA stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 14.96€. On a fall, the stock will find some support from the long-term average at approximately 11.80€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, May 09, 2024, and so far it has fallen -5.45%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Medincell SA stock

Medincell SA finds support from accumulated volume at 14.36€ 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved 1.40€ between high and low, or 10.42%. For the last week, the stock has had daily average volatility of 8.44%.

Our recommended stop-loss: 13.94€ (-4.25%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (MEDCL.PA) For The Upcoming Trading Day Of Thursday 16th

For the upcoming trading day on Thursday, 16th we expect Medincell SA to open at 14.28€, and during the day (based on 14 day Average True Range), to move between 13.76€ and 15.36€, which gives a possible trading interval of +/-0.80€ (+/-5.52%) up or down from last closing price. If Medincell SA takes out the full calculated possible swing range there will be an estimated 11.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 14.36€ (1.37%) than the resistance at 14.90€ (2.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Medincell SA stock A Buy?

Medincell SA 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. 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 Hold/Accumulate candidate.

Current score: -0.268 Hold/Accumulate Downgraded

Predicted Opening Price for Medincell SA of Thursday, May 16, 2024

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