Theon International Plc Stock Forecast

Green day on Monday for Theon International Plc
(Updated on Jun 24, 2024)

THEON.AS Signals & Forecast

There are few to no technical positive signals at the moment. The Theon International Plc 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 12.97€. On a fall, the stock will find some support from the short-term average at 12.70€. 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. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -9.47%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

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 0.260€ between high and low, or 2.06%. For the last week the stock has had daily average volatility of 3.09%.

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

Trading Expectations (THEON.AS) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Theon International Plc to open at 12.75€, and during the day (based on 14 day Average True Range), to move between 12.29€ and 13.15€, which gives a possible trading interval of +/-0.427€ (+/-3.35%) 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€ (0.28%) than the resistance at 13.07€ (2.75%), 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?

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

Current score: -3.647 Sell Candidate Unchanged

Predicted Opening Price for Theon International Plc of Tuesday, June 25, 2024

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