technotrans SE Stock Forecast

technotrans SE stock price ended at 21.30€ on Friday, after gaining 0.95%.
(Updated on May 10, 2024)

TTR1.DE Signals & Forecast

The technotrans SE 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 21.50€. On a fall, the stock will find some support from the long-term average at approximately 18.59€. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, May 02, 2024, and so far it has fallen -4.48%. Further fall is indicated until a new bottom pivot has been found. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for technotrans SE stock

technotrans SE finds support from accumulated volume at 21.10€ 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 1.10€ between high and low, or 5.26%. For the last week the stock has had daily average volatility of 4.76%.

Our recommended stop-loss: 20.41€ (-4.18%) (This stock has high daily movements and this gives high risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (TTR1.DE) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect technotrans SE to open at 21.40€, and during the day (based on 14 day Average True Range), to move between 20.38€ and 22.22€, which gives a possible trading interval of +/-0.92€ (+/-4.30%) up or down from last closing price. If technotrans SE takes out the full calculated possible swing range there will be an estimated 8.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 21.40€ (0.47%) than the support at 21.10€ (0.94%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is technotrans SE stock A Buy?

technotrans SE 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.

Current score: 0.636 Hold/Accumulate Unchanged

Predicted Opening Price for technotrans SE of Monday, May 13, 2024

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