MorphoSys AG Stock Forecast
MorphoSys AG stock upgraded to Buy Candidate.
(Updated on Apr 25, 2024)
The MorphoSys AG stock price gained 0.0739% on the last trading day (Thursday, 25th Apr 2024), rising from 67.70€ to 67.75€. During the last trading day the stock fluctuated 0.148% from a day low at 67.70€ to a day high of 67.80€. The price has been going up and down for this period, and there has been a 0.22% gain for the last 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 57 thousand shares were bought and sold for approximately 3.83€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 29.39% during the next 3 months and, with a 90% probability hold a price between 71.66€ and 95.65€ at the end of this 3-month period.
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MOR.DE Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -0.294%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The MorphoSys 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 67.72€ and 66.94€. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for MorphoSys AG stock
MorphoSys AG finds support from accumulated volume at 64.84€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.1000€ between high and low, or 0.148%. For the last week the stock has had daily average volatility of 0.148%.
Our recommended stop-loss: 65.67€ (-3.07%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (MOR.DE) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect MorphoSys AG to open at 67.75€, and during the day (based on 14 day Average True Range), to move between 67.42€ and 68.08€, which gives a possible trading interval of +/-0.331€ (+/-0.49%) up or down from last closing price. If MorphoSys AG takes out the full calculated possible swing range there will be an estimated 0.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 67.95€ (0.30%) than the support at 64.84€ (4.30%), 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.
Earnings coming up
MorphoSys AG will release earnings BMO on Monday, April 29, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0100. We will update the financials statements for MorphoSys AG, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.72% in the first trading day after earnings release.
Is MorphoSys 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 MorphoSys AG stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.928 Buy Candidate Upgraded
Predicted Opening Price for MorphoSys AG of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| 67.75€ ( 0%) | 67.75€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MOR.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 67.85 | 0.148 % | |
| R2 | 67.81 | 0.0912 % | ||
| R1 | 67.79 | 0.0564 % | ||
| Current price: | 67.75 | |||
| Support | S1 | 67.71 | -0.0564 % | |
| S2 | 67.69 | -0.0912 % | ||
| S3 | 67.65 | -0.148 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 67.95 | 0.295 % | ||
| Current price | 67.75 | |||
| Support | S1 | 64.84 | -4.30% | |
| S2 | 63.50 | -6.27% | ||
| S3 | 57.40 | -15.28% |
FAQ
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