Vectron Systems AG Stock Forecast

Green day on Friday for Vectron Systems AG stock after gaining 1.67%
(Updated on May 31, 2024)

V3S.F Signals & Forecast

The Vectron Systems 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 9.36€ and 8.37€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 30.13%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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. The stock had a Golden Star Signal on Wednesday, November 29, 2023 in the long-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 Vectron Systems AG stock

Vectron Systems AG finds support from accumulated volume at 9.40€ 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 0.440€ between high and low, or 4.65%. For the last week the stock has had daily average volatility of 4.26%.

The Vectron Systems AG stock is extremely overbought on RSI14 (89). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: 9.49€ (-2.72%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 89 and this increases the risk substantially. There is a buy signal from a pivot bottom found 30 days ago.)

Trading Expectations (V3S.F) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Vectron Systems AG to open at 9.71€, and during the day (based on 14 day Average True Range), to move between 9.46€ and 10.06€, which gives a possible trading interval of +/-0.299€ (+/-3.07%) up or down from last closing price. If Vectron Systems AG takes out the full calculated possible swing range there will be an estimated 6.13% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 9.40€, some 0.360€ (3.69%) from the current price of 9.76€, our system finds the risk reward attractive.

Is Vectron Systems AG stock A Buy?

Vectron Systems AG 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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Vectron Systems AG of Monday, June 3, 2024

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