Porsche Automobil Holding SE Stock Forecast

Porsche Automobil Holding SE stock price down 0.158% on Monday
(Updated on Jun 03, 2024)

PAH3.F Signals & Forecast

The Porsche Automobil Holding SE 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 49.91€ and 49.42€. A breakdown below any of these levels will issue sell signals. 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 Tuesday, May 14, 2024, and so far it has fallen -0.198%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Porsche Automobil Holding SE stock

Porsche Automobil Holding SE finds support from accumulated volume at 49.00€ 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 0.88€ between high and low, or 1.75%. For the last week the stock has had daily average volatility of 1.84%.

Our recommended stop-loss: 48.38€ (-4.09%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 37 days ago.)

Trading Expectations (PAH3.F) For The Upcoming Trading Day Of Tuesday 4th

For the upcoming trading day on Tuesday, 4th we expect Porsche Automobil Holding SE to open at 50.69€, and during the day (based on 14 day Average True Range), to move between 49.47€ and 51.41€, which gives a possible trading interval of +/-0.97€ (+/-1.91%) 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 3.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 50.52€ (0.16%) than the support at 49.00€ (2.85%), 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?

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 Porsche Automobil Holding SE stock to perform well in the short-term.

Current score: 3.110 Buy Candidate Unchanged

Predicted Opening Price for Porsche Automobil Holding SE of Tuesday, June 4, 2024

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