mutares AG Stock Forecast

Red day on Friday for mutares AG
(Updated on Apr 19, 2024)

MUX.DE Signals & Forecast

A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -5.62%. 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). mutares AG gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". Some positive signals were issued as well, and these may have some influence on the near short-term development. The mutares 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 40.46€. On a fall, the stock will find some support from the long-term average at approximately 36.50€. 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.

Support, Risk & Stop-loss for mutares AG stock

mutares AG finds support from accumulated volume at 37.80€ 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.90€ between high and low, or 2.32%. For the last week, the stock has had daily average volatility of 3.00%.

Our recommended stop-loss: 37.78€ (-4.22%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (MUX.DE) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect mutares AG to open at 39.28€, and during the day (based on 14 day Average True Range), to move between 38.04€ and 40.86€, which gives a possible trading interval of +/-1.41€ (+/-3.58%) up or down from last closing price. If mutares AG takes out the full calculated possible swing range there will be an estimated 7.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 39.80€ (0.89%) than the support at 37.80€ (4.18%), 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 mutares AG stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.053 Buy Candidate Unchanged

Predicted Opening Price for mutares AG of Monday, April 22, 2024

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