VERBUND AG Stock Forecast

VERBUND AG stock downgraded to Hold/Accumulate
(Updated on May 16, 2024)

OEWA.DE Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -2.47%. 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). VERBUND 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". The VERBUND AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 71.45€ and 70.22€. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for VERBUND AG stock

On the downside, the stock finds support just below today's level from accumulated volume at 66.95€ and 66.70€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, VERBUND AG finds support just below today's level at 66.95€. If this is broken, then the next support from accumulated volume will be at 66.70€ and 64.85€.

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 2.30€ (3.19%) between high and low. For the last week, the stock has had daily average volatility of 1.67%.

Our recommended stop-loss: 70.49€ (-3.43%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (OEWA.DE) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect VERBUND AG to open at 73.10€, and during the day (based on 14 day Average True Range), to move between 71.17€ and 74.83€, which gives a possible trading interval of +/-1.83€ (+/-2.51%) up or down from last closing price. If VERBUND AG takes out the full calculated possible swing range there will be an estimated 5.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 73.15€ (0.21%) than the support at 66.95€ (8.29%), 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 VERBUND AG stock A Buy?

VERBUND AG 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: 0.404 Hold/Accumulate Downgraded

Predicted Opening Price for VERBUND AG of Friday, May 17, 2024

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