Umicore Stock Forecast

Umicore stock price ended at 20.86€ on Tuesday, after losing 0.287%.
(Updated on Apr 30, 2024)

UMI.BB Signals & Forecast

The Umicore 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 20.95€. On a fall, the stock will find some support from the long-term average at approximately 20.80€. 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. 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 Friday, April 12, 2024, and so far it has fallen -2.80%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Umicore stock

Umicore finds support from accumulated volume at 20.70€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.340€ between high and low, or 1.63%. For the last week the stock has had daily average volatility of 2.04%.

Our recommended stop-loss: 19.94€ (-4.43%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (UMI.BB) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Umicore to open at 20.96€, and during the day (based on 14 day Average True Range), to move between 20.36€ and 21.36€, which gives a possible trading interval of +/-0.498€ (+/-2.39%) up or down from last closing price. If Umicore takes out the full calculated possible swing range there will be an estimated 4.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 20.92€ (0.29%) than the support at 20.70€ (0.77%), 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 Umicore stock A Buy?

Umicore 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: 0.217 Hold/Accumulate Unchanged

Predicted Opening Price for Umicore of Thursday, May 2, 2024

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