STEICO SE Stock Forecast

STEICO SE stock downgraded to Hold/Accumulate
(Updated on May 17, 2024)

ST5.F Signals & Forecast

The STEICO SE 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 37.76€. On a fall, the stock will find some support from the long-term average at approximately 32.99€. 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. 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 Thursday, May 09, 2024, and so far it has fallen -3.35%. 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). STEICO SE gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for STEICO SE stock

STEICO SE finds support from accumulated volume at 37.45€ 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 1.75€ between high and low, or 4.74%. For the last week, the stock has had daily average volatility of 2.95%.

Our recommended stop-loss: 36.18€ (-3.66%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (ST5.F) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect STEICO SE to open at 37.73€, and during the day (based on 14 day Average True Range), to move between 36.26€ and 38.84€, which gives a possible trading interval of +/-1.29€ (+/-3.43%) up or down from last closing price. If STEICO SE takes out the full calculated possible swing range there will be an estimated 6.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 37.45€ (0.27%) than the resistance at 37.80€ (0.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is STEICO SE stock A Buy?

STEICO SE holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.326 Hold/Accumulate Downgraded

Predicted Opening Price for STEICO SE of Monday, May 20, 2024

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