Südzucker AG Stock Forecast

Stronger technical forecast for Südzucker AG stock price after Friday trading.
(Updated on May 17, 2024)

SZU.F Signals & Forecast

Mostly positive signals in the chart today. The Südzucker 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 13.64€ and 13.33€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 10.18%. 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. The stock had a Golden Star Signal on Monday, April 29, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Südzucker AG stock

On the downside, the stock finds support just below today's level from accumulated volume at 13.24€ and 13.00€. 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, Südzucker AG finds support just below today's level at 13.24€. If this is broken, then the next support from accumulated volume will be at 13.00€ and 12.77€.

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 0.320€ between high and low, or 2.29%. For the last week the stock has had daily average volatility of 2.41%.

The Südzucker AG stock is extremely overbought on RSI14 (81). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: 13.44€ (-4.47%) (This stock has low daily movements and this gives low risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 22 days ago.)

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

For the upcoming trading day on Monday, 20th we expect Südzucker AG to open at 14.10€, and during the day (based on 14 day Average True Range), to move between 13.80€ and 14.34€, which gives a possible trading interval of +/-0.268€ (+/-1.90%) up or down from last closing price. If Südzucker AG takes out the full calculated possible swing range there will be an estimated 3.81% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 13.24€, some 0.83€ (5.90%) from the current price of 14.07€, our system finds the risk reward attractive.

Is Südzucker AG stock A Buy?

Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for Südzucker AG stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.688 Buy Candidate Upgraded

Predicted Opening Price for Südzucker AG of Monday, May 20, 2024

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