Technotrans SE Stock Forecast
Strong day for Technotrans SE stock price on Friday rising 5.95% to 17.80€
(Updated on Jun 28, 2024)
The Technotrans SE stock price gained 5.95% on the last trading day (Friday, 28th Jun 2024), rising from 16.80€ to 17.80€. During the last trading day the stock fluctuated 5.29% from a day low at 17.00€ to a day high of 17.90€. The price has fallen in 5 of the last 10 days and is down by -7.05% for this period. Volume fell on the last day by -9 thousand shares and in total, 10 thousand shares were bought and sold for approximately 181.35€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 16.83€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.28% during the next 3 months and, with a 90% probability hold a price between 18.05€ and 25.05€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TTR1.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 5.95%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Technotrans SE stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 18.64€ and 19.98€. A break-up above any of these levels will issue buy signals. 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 Technotrans SE stock
Technotrans SE finds support from accumulated volume at 17.40€ 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 0.90€ between high and low, or 5.29%. For the last week the stock has had daily average volatility of 5.70%.
Our recommended stop-loss: 17.12€ (-3.80%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 41 days ago.)
Trading Expectations (TTR1.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Technotrans SE to open at 17.57€, and during the day (based on 14 day Average True Range), to move between 17.05€ and 18.55€, which gives a possible trading interval of +/-0.753€ (+/-4.23%) up or down from last closing price. If Technotrans SE takes out the full calculated possible swing range there will be an estimated 8.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 17.40€ (2.25%) than the resistance at 20.00€ (12.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Technotrans SE stock A Buy?
Technotrans SE holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.642 Hold/Accumulate Upgraded
Predicted Opening Price for Technotrans SE of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 17.57€ ( 1.31%) | 17.80€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TTR1.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.47 | 3.75% |
| R2 | 18.12 | 1.81% |
| R1 | 17.91 | 0.621% |
| Price | 17.80 | |
| S1 | 17.22 | -3.24% |
| S2 | 17.01 | -4.44% |
| S3 | 16.67 | -6.37% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.10 | 18.54% |
| R2 | 21.00 | 17.98% |
| R1 | 20.00 | 12.36% |
| Price | 17.80 | |
| S1 | 17.40 | -2.25% |
| S2 | 17.20 | -3.37% |
| S3 | 16.80 | -5.62% |
TTR1 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 22, 2024 | 0.620€ | 0% |
| 2 | May 15, 2023 | May 15, 2023 | May 15, 2023 | 0.640€ | 0% |
| 3 | May 16, 2022 | May 16, 2022 | May 16, 2022 | 0.510€ | 0% |
| 4 | May 10, 2021 | May 10, 2021 | May 10, 2021 | 0.360€ | 0% |
| 5 | May 21, 2020 | May 21, 2020 | May 21, 2020 | 0.440€ | 0% |
FAQ
Click here for our free guide on how to buy Technotrans SE Stock.
