RHÖN-KLINIKUM Aktiengesellschaft Stock Forecast

RHÖN-KLINIKUM Aktiengesellschaft stock price ended at 12.30€ on Thursday, after losing 1.60%.
(Updated on May 16, 2024)

RHK.F Signals & Forecast

A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -7.52%. 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). RHÖN-KLINIKUM Aktiengesellschaft 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 very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. The RHÖN-KLINIKUM Aktiengesellschaft stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 12.41€. On a fall, the stock will find some support from the long-term average at approximately 11.99€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for RHÖN-KLINIKUM Aktiengesellschaft stock

RHÖN-KLINIKUM Aktiengesellschaft finds support from accumulated volume at 11.80€ 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 0.200€ between high and low, or 1.65%. For the last week, the stock has had daily average volatility of 1.65%.

Our recommended stop-loss: 11.76€ (-4.38%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)

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

For the upcoming trading day on Friday, 17th we expect RHÖN-KLINIKUM Aktiengesellschaft to open at 12.23€, and during the day (based on 14 day Average True Range), to move between 11.87€ and 12.73€, which gives a possible trading interval of +/-0.431€ (+/-3.51%) up or down from last closing price. If RHÖN-KLINIKUM Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 7.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 12.60€ (2.44%) than the support at 11.80€ (4.07%), 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 RHÖN-KLINIKUM Aktiengesellschaft stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.047 Buy Candidate Unchanged

Predicted Opening Price for RHÖN-KLINIKUM Aktiengesellschaft of Friday, May 17, 2024

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