Masterflex SE Stock Forecast

Masterflex SE stock price ended at 11.05€ on Monday, after losing 0.450%.
(Updated on Jun 17, 2024)

MZX.F Signals & Forecast

The Masterflex 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 11.10€. On a fall, the stock will find some support from the long-term average at approximately 10.58€. 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 Thursday, June 13, 2024, and so far it has fallen -3.91%. Further fall is indicated until a new bottom pivot has been found. Masterflex SE 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Masterflex SE stock

Masterflex SE finds support from accumulated volume at 10.80€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.1000€ (0.91%) between high and low. For the last week, the stock has had daily average volatility of 2.26%.

Our recommended stop-loss: 10.52€ (-4.82%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 55 days ago.)

Trading Expectations (MZX.F) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Masterflex SE to open at 11.05€, and during the day (based on 14 day Average True Range), to move between 10.81€ and 11.29€, which gives a possible trading interval of +/-0.240€ (+/-2.17%) up or down from last closing price. If Masterflex SE takes out the full calculated possible swing range there will be an estimated 4.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 11.10€ (0.45%) than the support at 10.80€ (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 Masterflex SE 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 Masterflex SE stock to perform well in the short-term.

Current score: 1.072 Buy Candidate Unchanged

Predicted Opening Price for Masterflex SE of Tuesday, June 18, 2024

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