MTU Aero Engines AG Stock Forecast

MTU Aero Engines AG stock price down 0.219% on Monday
(Updated on Jun 03, 2024)

MTX.DE Signals & Forecast

The MTU Aero Engines AG 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 230.89€. On a fall, the stock will find some support from the long-term average at approximately 226.82€. 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. 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 Friday, May 24, 2024, and so far it has fallen -2.69%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Wednesday, December 13, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for MTU Aero Engines AG stock

MTU Aero Engines AG finds support from accumulated volume at 225.10€ 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 3.90€ between high and low, or 1.72%. For the last week the stock has had daily average volatility of 2.16%.

Our recommended stop-loss: 217.57€ (-4.58%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (MTX.DE) For The Upcoming Trading Day Of Tuesday 4th

For the upcoming trading day on Tuesday, 4th we expect MTU Aero Engines AG to open at 228.77€, and during the day (based on 14 day Average True Range), to move between 223.14€ and 232.86€, which gives a possible trading interval of +/-4.86€ (+/-2.13%) up or down from last closing price. If MTU Aero Engines AG takes out the full calculated possible swing range there will be an estimated 4.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 228.50€ (0.22%) than the support at 225.10€ (1.27%), 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 MTU Aero Engines AG stock A Buy?

MTU Aero Engines AG 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: 0.969 Hold/Accumulate Unchanged

Predicted Opening Price for MTU Aero Engines AG of Tuesday, June 4, 2024

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