Mensch und Maschine Software SE Stock Forecast

Mensch und Maschine Software SE stock downgraded to Hold/Accumulate
(Updated on Jun 03, 2024)

MUM.DE Signals & Forecast

The Mensch und Maschine Software SE 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 58.11€. On a fall, the stock will find some support from the long-term average at approximately 55.14€. 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 Monday, May 27, 2024, and so far it has fallen -4.49%. 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 also not.

Support, Risk & Stop-loss for Mensch und Maschine Software SE stock

Mensch und Maschine Software SE finds support from accumulated volume at 56.20€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.800€ between high and low, or 1.40%. For the last week the stock has had daily average volatility of 3.78%.

Our recommended stop-loss: 55.36€ (-3.73%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)

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

For the upcoming trading day on Tuesday, 4th we expect Mensch und Maschine Software SE to open at 57.43€, and during the day (based on 14 day Average True Range), to move between 55.70€ and 59.30€, which gives a possible trading interval of +/-1.80€ (+/-3.13%) up or down from last closing price. If Mensch und Maschine Software SE takes out the full calculated possible swing range there will be an estimated 6.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 58.00€ (0.87%) than the support at 56.20€ (2.26%), 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 Mensch und Maschine Software SE stock A Buy?

Mensch und Maschine Software SE 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: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Mensch und Maschine Software SE of Tuesday, June 4, 2024

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