Theon International Plc Stock Forecast

Stronger technical forecast for Theon International Plc stock price after Friday trading.
(Updated on Jun 14, 2024)

THEON.AS Signals & Forecast

The Theon International Plc 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 13.52€. On a fall, the stock will find some support from the long-term average at approximately 12.75€. 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, June 06, 2024, and so far it has fallen -8.67%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Theon International Plc stock

Theon International Plc finds support from accumulated volume at 12.68€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.610€ between high and low, or 4.81%. For the last week the stock has had daily average volatility of 3.05%.

Our recommended stop-loss: 12.06€ (-6.05%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 31 days ago.)

Trading Expectations (THEON.AS) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Theon International Plc to open at 12.94€, and during the day (based on 14 day Average True Range), to move between 12.40€ and 13.26€, which gives a possible trading interval of +/-0.431€ (+/-3.36%) up or down from last closing price. If Theon International Plc takes out the full calculated possible swing range there will be an estimated 6.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 12.68€ (1.15%) than the resistance at 13.07€ (1.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Theon International Plc stock A Buy?

Theon International Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.828 Hold/Accumulate Upgraded

Predicted Opening Price for Theon International Plc of Monday, June 17, 2024

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