RWE Aktiengesellschaft Stock Forecast

Stronger technical forecast for RWE Aktiengesellschaft stock price after Friday trading.
(Updated on May 24, 2024)

RWE.DE Signals & Forecast

The RWE 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 34.67€. On a fall, the stock will find some support from the long-term average at approximately 32.97€. 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. 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 Wednesday, May 15, 2024, and so far it has fallen -4.07%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Tuesday, April 09, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for RWE Aktiengesellschaft stock

On the downside, the stock finds support just below today's level from accumulated volume at 31.74€ and 31.01€. 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, RWE Aktiengesellschaft finds support just below today's level at 31.74€. If this is broken, then the next support from accumulated volume will be at 31.01€ and 30.62€.

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 1.47%. For the last week, the stock has had daily average volatility of 1.40%.

Our recommended stop-loss: 32.21€ (-5.68%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 45 days ago.)

Trading Expectations (RWE.DE) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect RWE Aktiengesellschaft to open at 34.22€, and during the day (based on 14 day Average True Range), to move between 33.42€ and 34.88€, which gives a possible trading interval of +/-0.735€ (+/-2.15%) up or down from last closing price. If RWE Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 4.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 34.50€ (1.02%) than the support at 31.74€ (7.06%), 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 RWE Aktiengesellschaft 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 RWE Aktiengesellschaft stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.157 Buy Candidate Upgraded

Predicted Opening Price for RWE Aktiengesellschaft of Monday, May 27, 2024

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