United Internet AG Stock Forecast

United Internet AG stock downgraded to Hold/Accumulate
(Updated on May 20, 2024)

UTDI.F Signals & Forecast

The United Internet AG 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 23.28€. On a fall, the stock will find some support from the long-term average at approximately 22.10€. 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 Monday, May 13, 2024, and so far it has fallen -5.50%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for United Internet AG stock

United Internet AG finds support from accumulated volume at 23.00€ 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.380€ between high and low, or 1.68%. For the last week, the stock has had daily average volatility of 3.08%.

Our recommended stop-loss: 22.28€ (-3.31%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 23 days ago.)

Trading Expectations (UTDI.F) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect United Internet AG to open at 22.91€, and during the day (based on 14 day Average True Range), to move between 22.32€ and 23.76€, which gives a possible trading interval of +/-0.717€ (+/-3.11%) up or down from last closing price. If United Internet AG takes out the full calculated possible swing range there will be an estimated 6.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 23.00€ (0.17%) than the resistance at 23.20€ (0.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is United Internet AG stock A Buy?

United Internet AG 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.455 Hold/Accumulate Downgraded

Predicted Opening Price for United Internet AG of Tuesday, May 21, 2024

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