Schweizer Electronic AG Stock Forecast

Schweizer Electronic AG stock upgraded to Hold/Accumulate.
(Updated on May 17, 2024)

SCE.DE Signals & Forecast

The Schweizer Electronic 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 6.01€. On a fall, the stock will find some support from the long-term average at approximately 5.70€. 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 Tuesday, May 14, 2024, and so far it has fallen -0.83%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Schweizer Electronic AG stock

On the downside, the stock finds support just below today's level from accumulated volume at 5.60€ and 5.50€. 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, Schweizer Electronic AG finds support just below today's level at 5.60€. If this is broken, then the next support from accumulated volume will be at 5.50€ and 5.16€.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 1.70%.

Our recommended stop-loss: 5.80€ (-3.36%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (SCE.DE) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Schweizer Electronic AG to open at 6.00€, and during the day (based on 14 day Average True Range), to move between 5.85€ and 6.15€, which gives a possible trading interval of +/-0.147€ (+/-2.45%) up or down from last closing price. If Schweizer Electronic AG takes out the full calculated possible swing range there will be an estimated 4.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 6.05€ (0.83%) than the support at 5.60€ (6.67%), 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 Schweizer Electronic AG stock A Buy?

Schweizer Electronic AG holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.518 Hold/Accumulate Upgraded

Predicted Opening Price for Schweizer Electronic AG of Monday, May 20, 2024

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