Nemetschek SE Stock Forecast

Weaker technical forecast for Nemetschek SE as stock downgraded to Sell Candidate.
(Updated on May 28, 2024)

NEM.DE Signals & Forecast

The Nemetschek 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 90.69€. On a fall, the stock will find some support from the long-term average at approximately 85.42€. 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, May 23, 2024, and so far it has fallen -4.12%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Nemetschek SE stock

Nemetschek SE finds support from accumulated volume at 88.18€ 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 2.70€ between high and low, or 3.05%. For the last week, the stock has had daily average volatility of 1.99%.

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

Trading Expectations (NEM.DE) For The Upcoming Trading Day Of Wednesday 29th

For the upcoming trading day on Wednesday, 29th we expect Nemetschek SE to open at 89.40€, and during the day (based on 14 day Average True Range), to move between 86.47€ and 90.53€, which gives a possible trading interval of +/-2.03€ (+/-2.29%) up or down from last closing price. If Nemetschek SE takes out the full calculated possible swing range there will be an estimated 4.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 88.18€ (0.36%) than the resistance at 89.94€ (1.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Nemetschek SE stock A Buy?

Nemetschek SE holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. 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 Sell candidate.

Current score: -1.530 Sell Candidate Downgraded

Predicted Opening Price for Nemetschek SE of Wednesday, May 29, 2024

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