PSI Software AG Stock Forecast

Weaker technical forecast for PSI Software AG as stock downgraded to Sell Candidate.
(Updated on May 16, 2024)

PSAN.F Signals & Forecast

The PSI Software 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 23.40€ and 21.89€. A breakdown below any of these levels will issue sell signals. 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 Tuesday, May 14, 2024, and so far it has fallen -2.90%. Further fall is indicated until a new bottom pivot has been found. PSI Software 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".

Support, Risk & Stop-loss for PSI Software AG stock

PSI Software AG finds support from accumulated volume at 22.50€ 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 0.500€ between high and low, or 2.14%. For the last week, the stock has had daily average volatility of 2.40%.

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

Trading Expectations (PSAN.F) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect PSI Software AG to open at 23.57€, and during the day (based on 14 day Average True Range), to move between 22.83€ and 23.97€, which gives a possible trading interval of +/-0.567€ (+/-2.42%) up or down from last closing price. If PSI Software AG takes out the full calculated possible swing range there will be an estimated 4.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 23.50€ (0.43%) than the support at 22.50€ (3.85%), 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 PSI Software AG stock A Buy?

PSI Software AG 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: -1.060 Sell Candidate Downgraded

Predicted Opening Price for PSI Software AG of Friday, May 17, 2024

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