Trinseo SA Stock Forecast

On Friday, Trinseo SA stock price gained an impressive 6.38%
(Updated on May 03, 2024)

TSE Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 15.38%. 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). Trinseo SA has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Trinseo SA 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 $3.37. On a fall, the stock will find some support from the short-term average at $2.77. 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 Trinseo SA stock

Trinseo SA finds support from accumulated volume at $2.94 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.150 between high and low, or 5.15%. For the last week, the stock has had daily average volatility of 7.70%.

Our recommended stop-loss: $2.88 (-3.96%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (TSE) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Trinseo SA to open at $2.99, and during the day (based on 14 day Average True Range), to move between $2.73 and $3.27, which gives a possible trading interval of +/-$0.267 (+/-8.90%) up or down from last closing price. If Trinseo SA takes out the full calculated possible swing range there will be an estimated 17.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.94 (2.00%) than the resistance at $3.24 (8.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Trinseo SA stock A Buy?

Trinseo SA 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: -0.466 Hold/Accumulate Upgraded

Predicted Opening Price for Trinseo SA of Monday, May 6, 2024

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