Porsche Automobil Holding SE Stock Forecast

Porsche Automobil Holding SE stock price down 0% on Tuesday
(Updated on Jul 02, 2024)

POAHY Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 1.58%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $5.03. On a fall, the stock will find some support from the short-term average at $4.49. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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

Porsche Automobil Holding SE finds support from accumulated volume at $4.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0300 between high and low, or 0.671%. For the last week, the stock has had daily average volatility of 0.583%.

Porsche Automobil Holding SE is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (POAHY) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Porsche Automobil Holding SE to open at $4.49, and during the day (based on 14 day Average True Range), to move between $4.41 and $4.59, which gives a possible trading interval of +/-$0.0880 (+/-1.96%) 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 3.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $4.47 (0.67%) than the resistance at $5.21 (15.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Porsche Automobil Holding SE stock A Buy?

Porsche Automobil Holding 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.

Current score: -2.884 Sell Candidate Unchanged

Predicted Opening Price for Porsche Automobil Holding SE of Wednesday, July 3, 2024

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