Symrise AG Stock Forecast

Symrise AG stock price up 0.635% on Monday
(Updated on May 20, 2024)

SY1.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 3.19%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Symrise AG 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 104.03€. On a fall, the stock will find some support from the short-term average at 102.08€. 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.

Support, Risk & Stop-loss for Symrise AG stock

Symrise AG finds support from accumulated volume at 102.90€ 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 1.25€ between high and low, or 1.22%. For the last week the stock has had daily average volatility of 1.35%.

Our recommended stop-loss: 98.79€ (-4.13%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 37 days ago.)

Trading Expectations (SY1.F) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Symrise AG to open at 102.90€, and during the day (based on 14 day Average True Range), to move between 101.28€ and 104.82€, which gives a possible trading interval of +/-1.77€ (+/-1.72%) up or down from last closing price. If Symrise AG takes out the full calculated possible swing range there will be an estimated 3.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 102.90€ (0.15%) than the resistance at 105.50€ (2.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Symrise AG stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Symrise AG stock to perform well in the short-term period.

Current score: 1.348 Buy Candidate Unchanged

Predicted Opening Price for Symrise AG of Tuesday, May 21, 2024

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