TEXAF S.A. Stock Forecast

Red day on Wednesday for TEXAF S.A. stock after losing 0%
(Updated on May 29, 2024)

TEXF.BB Signals & Forecast

Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The TEXAF S.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 36.94€ and 36.67€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -5.24%. 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).

Support, Risk & Stop-loss for TEXAF S.A. stock

TEXAF S.A. finds support from accumulated volume at 36.00€ 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 0.600€ between high and low, or 1.66%. For the last week the stock has had daily average volatility of 1.43%.

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

Trading Expectations (TEXF.BB) For The Upcoming Trading Day Of Thursday 30th

For the upcoming trading day on Thursday, 30th we expect TEXAF S.A. to open at 36.40€, and during the day (based on 14 day Average True Range), to move between 35.65€ and 36.75€, which gives a possible trading interval of +/-0.549€ (+/-1.52%) up or down from last closing price. If TEXAF S.A. takes out the full calculated possible swing range there will be an estimated 3.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 36.00€ (0.55%) than the resistance at 36.80€ (1.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is TEXAF S.A. stock A Buy?

The TEXAF S.A. stock holds several negative signals and despite the positive trend, we believe TEXAF S.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.375 Sell Candidate Unchanged

Predicted Opening Price for TEXAF S.A. of Thursday, May 30, 2024

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