Rosenbauer International Ag Stock Forecast

Weaker technical forecast for Rosenbauer International Ag as stock downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)

ROI.F Signals & Forecast

The Rosenbauer International Ag 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 36.01€. On a fall, the stock will find some support from the long-term average at approximately 33.21€. 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. 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, June 25, 2024, and so far it has fallen -2.46%. 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). Rosenbauer International 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Rosenbauer International Ag stock

On the downside, the stock finds support just below today's level from accumulated volume at 31.00€ and 30.70€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Rosenbauer International Ag finds support just below today's level at 31.00€. If this is broken, then the next support from accumulated volume will be at 30.70€ and 30.60€.

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 0.1000€ between high and low, or 0.280%. For the last week, the stock has had daily average volatility of 2.00%.

Our recommended stop-loss: 34.41€ (-3.62%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (ROI.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Rosenbauer International Ag to open at 35.73€, and during the day (based on 14 day Average True Range), to move between 34.84€ and 36.56€, which gives a possible trading interval of +/-0.86€ (+/-2.40%) up or down from last closing price. If Rosenbauer International Ag takes out the full calculated possible swing range there will be an estimated 4.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 36.10€ (1.12%) than the support at 31.00€ (13.17%), 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 Rosenbauer International Ag stock A Buy?

Rosenbauer International Ag holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.

Current score: 0.996 Hold/Accumulate Downgraded

Predicted Opening Price for Rosenbauer International Ag of Monday, July 1, 2024

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