Porsche Automobil Holding SE Stock Forecast

Porsche Automobil Holding SE stock downgraded to Sell Candidate
(Updated on May 10, 2024)

PAH3.DE Signals & Forecast

There are few to no technical positive signals at the moment. The Porsche Automobil Holding SE stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 49.56€. On a fall, the stock will find some support from the short-term average at 49.09€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -4.31%. 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). 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 Porsche Automobil Holding SE stock

Porsche Automobil Holding SE finds support from accumulated volume at 49.09€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.800€ between high and low, or 1.62%. For the last week the stock has had daily average volatility of 1.44%.

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

Trading Expectations (PAH3.DE) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Porsche Automobil Holding SE to open at 49.59€, and during the day (based on 14 day Average True Range), to move between 48.41€ and 50.23€, which gives a possible trading interval of +/-0.91€ (+/-1.85%) up or down from last closing price. If Porsche Automobil Holding SE takes out the full calculated possible swing range there will be an estimated 3.70% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 49.38€ (0.12%) than the support at 49.09€ (0.47%), 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 Porsche Automobil Holding SE stock A Buy?

The Porsche Automobil Holding SE stock holds several negative signals and despite the positive trend, we believe Porsche Automobil Holding SE will perform weakly in the next couple of days or weeks. Therefore, we 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 Hold/Accumulate to a Sell candidate.

Current score: -4.440 Sell Candidate Downgraded

Predicted Opening Price for Porsche Automobil Holding SE of Monday, May 13, 2024

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