Schoeller-Bleckmann Oilfield Equipment Stock Forecast

Schoeller-Bleckmann Oilfield Equipment stock price ended at 45.00€ on Thursday, after gaining 1.01%.
(Updated on May 16, 2024)

SLL.F Signals & Forecast

There are mixed signals in the stock today. The Schoeller-Bleckmann Oilfield Equipment 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 45.30€. On a fall, the stock will find some support from the short-term average at 44.24€. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 7.27%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Schoeller-Bleckmann Oilfield Equipment stock

Schoeller-Bleckmann Oilfield Equipment finds support from accumulated volume at 44.50€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 0.450€ between high and low, or 1.01%. For the last week the stock has had daily average volatility of 0.429%.

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

Trading Expectations (SLL.F) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft to open at 44.85€, and during the day (based on 14 day Average True Range), to move between 44.29€ and 45.71€, which gives a possible trading interval of +/-0.710€ (+/-1.58%) up or down from last closing price. If Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 3.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 44.50€ (1.11%) than the resistance at 45.90€ (2.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft stock A Buy?

Schoeller-Bleckmann Oilfield Equipment holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.634 Sell Candidate Unchanged

Predicted Opening Price for Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft of Friday, May 17, 2024

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