RWE Aktiengesellschaft Stock Forecast

Green day on Tuesday for RWE Aktiengesellschaft stock after gaining 0.568%
(Updated on Jun 25, 2024)

RWE.F Signals & Forecast

Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The RWE Aktiengesellschaft 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 34.29€. On a fall, the stock will find some support from the short-term average at 33.38€. 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. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -5.56%. 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). 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

RWE Aktiengesellschaft finds support from accumulated volume at 32.49€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.310€ (0.93%) between high and low. For the last week, the stock has had daily average volatility of 1.39%.

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

Trading Expectations (RWE.F) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect RWE Aktiengesellschaft to open at 33.58€, and during the day (based on 14 day Average True Range), to move between 33.02€ and 34.30€, which gives a possible trading interval of +/-0.643€ (+/-1.91%) up or down from last closing price. If RWE Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 3.82% 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€ (2.50%) than the support at 32.49€ (3.48%), 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?

The RWE Aktiengesellschaft stock holds several negative signals and despite the positive trend, we believe RWE Aktiengesellschaft will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.869 Sell Candidate Unchanged

Predicted Opening Price for RWE Aktiengesellschaft of Wednesday, June 26, 2024

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