mutares AG Stock Forecast

mutares AG stock price ended at 33.00€ on Friday, after gaining 2.64%.
(Updated on Jun 21, 2024)

MUX.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 2.64%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The mutares AG stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 33.87€ and 39.51€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for mutares AG stock

mutares AG finds support from accumulated volume at 32.95€ 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 1.45€ between high and low, or 4.53%. For the last week, the stock has had daily average volatility of 5.47%.

mutares AG is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MUX.F) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect mutares AG to open at 32.82€, and during the day (based on 14 day Average True Range), to move between 31.50€ and 34.50€, which gives a possible trading interval of +/-1.50€ (+/-4.54%) up or down from last closing price. If mutares AG takes out the full calculated possible swing range there will be an estimated 9.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 32.95€ (0.15%) than the resistance at 34.75€ (5.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is mutares AG stock A Buy?

mutares AG holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.112 Sell Candidate Unchanged

Predicted Opening Price for mutares AG of Monday, June 24, 2024

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