TAKKT AG Stock Forecast

Green day on Friday for TAKKT AG stock after gaining 2.02%
(Updated on May 17, 2024)

TTK.DE Signals & Forecast

Mostly positive signals in the chart today. The TAKKT 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 13.63€ and 13.16€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 13.46%. 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). TAKKT AG 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. The stock had a Golden Star Signal on Tuesday, March 19, 2024 in the short-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 TAKKT AG stock

TAKKT AG finds support from accumulated volume at 13.50€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.240€ (1.72%) between high and low. For the last week, the stock has had daily average volatility of 2.34%.

The TAKKT AG stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: 13.59€ (-4.05%) (This stock has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 15 days ago.)

Trading Expectations (TTK.DE) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect TAKKT AG to open at 14.12€, and during the day (based on 14 day Average True Range), to move between 13.88€ and 14.44€, which gives a possible trading interval of +/-0.278€ (+/-1.97%) up or down from last closing price. If TAKKT AG takes out the full calculated possible swing range there will be an estimated 3.93% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 13.50€, some 0.660€ (4.66%) from the current price of 14.16€, our system finds the risk reward attractive.

Is TAKKT AG stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 3.137 Buy Candidate Unchanged

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

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