Sportradar Group AG Stock Forecast
Sportradar Group AG stock price ended at $11.64 on Thursday, after gaining 0.95%.
(Updated on Mar 28, 2024)
The Sportradar Group AG stock price gained 0.95% on the last trading day (Thursday, 28th Mar 2024), rising from $11.53 to $11.64. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.50% from a day low at $11.58 to a day high of $11.87. The price has risen in 6 of the last 10 days and is up by 14.79% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 102 thousand more shares were traded than the day before. In total, 448 thousand shares were bought and sold for approximately $5.21 million.
Given the current short-term trend, the stock is expected to fall -4.91% during the next 3 months and, with a 90% probability hold a price between $8.89 and $11.07 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SRAD Signals & Forecast
Mostly positive signals in the chart today. The Sportradar Group AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $11.44 and $10.32. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 21, 2024, and so far it has risen 21.25%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Sportradar Group AG stock
Sportradar Group AG finds support from accumulated volume at $11.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.290 between high and low, or 2.50%. For the last week, the stock has had daily average volatility of 2.67%.
The Sportradar Group AG stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $11.25 (-3.36%) (This stock has high daily movements and this gives high risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (SRAD) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Sportradar Group AG to open at $11.70, and during the day (based on 14 day Average True Range), to move between $11.25 and $12.03, which gives a possible trading interval of +/-$0.387 (+/-3.32%) up or down from last closing price. If Sportradar Group AG takes out the full calculated possible swing range there will be an estimated 6.64% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $11.23, some $0.410 (3.52%) from the current price of $11.64, our system finds the risk reward attractive.
Is Sportradar Group AG stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.512 Buy Candidate Unchanged
Predicted Opening Price for Sportradar Group AG of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$11.70 ( 0.487%) | $11.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SRAD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.99 | 2.98 % | |
R2 | 11.88 | 2.03 % | ||
R1 | 11.81 | 1.44 % | ||
Current price: | 11.64 | |||
Support | S1 | 11.59 | -0.465 % | |
S2 | 11.52 | -1.05 % | ||
S3 | 11.41 | -2.00 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 11.64 | |||
Support | S1 | 11.23 | -3.52% | |
S2 | 10.41 | -10.57% | ||
S3 | 10.09 | -13.32% |
FAQ
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