RWE Aktiengesellschaft Stock Forecast

Red day on Friday for RWE Aktiengesellschaft
(Updated on Jun 14, 2024)

RWE.F Signals & Forecast

There are few to no technical positive signals at the moment. The RWE Aktiengesellschaft stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 33.89€ and 34.18€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -6.96%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. 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.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.96€ between high and low, or 2.92%. For the last week the stock has had daily average volatility of 2.12%.

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 Monday 17th

For the upcoming trading day on Monday, 17th we expect RWE Aktiengesellschaft to open at 33.27€, and during the day (based on 14 day Average True Range), to move between 32.40€ and 33.92€, which gives a possible trading interval of +/-0.761€ (+/-2.30%) up or down from last closing price. If RWE Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 4.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 32.49€ (2.02%) than the resistance at 34.50€ (4.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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: -2.499 Sell Candidate Unchanged

Predicted Opening Price for RWE Aktiengesellschaft of Monday, June 17, 2024

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