VERBIO Vereinigte BioEnergie AG Stock Forecast

Green day on Monday for VERBIO Vereinigte BioEnergie AG
(Updated on May 20, 2024)

VBK.DE Signals & Forecast

The VERBIO Vereinigte BioEnergie 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 21.39€. On a fall, the stock will find some support from the long-term average at approximately 20.22€. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Wednesday, May 15, 2024, and so far it has fallen -7.77%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for VERBIO Vereinigte BioEnergie AG stock

On the downside, the stock finds support just below today's level from accumulated volume at 19.09€ and 18.85€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, VERBIO Vereinigte BioEnergie AG finds support just below today's level at 19.09€. If this is broken, then the next support from accumulated volume will be at 18.85€ and 16.73€.

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 1.12€ between high and low, or 5.40%. For the last week, the stock has had daily average volatility of 7.66%.

Our recommended stop-loss: 20.01€ (-5.36%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 44 days ago.)

Trading Expectations (VBK.DE) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect VERBIO Vereinigte BioEnergie AG to open at 21.25€, and during the day (based on 14 day Average True Range), to move between 20.10€ and 22.18€, which gives a possible trading interval of +/-1.04€ (+/-4.91%) up or down from last closing price. If VERBIO Vereinigte BioEnergie AG takes out the full calculated possible swing range there will be an estimated 9.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 21.36€ (1.04%) than the support at 19.09€ (9.70%), 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 VERBIO Vereinigte BioEnergie AG stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for VERBIO Vereinigte BioEnergie AG stock to perform well in the short-term.

Current score: 1.348 Buy Candidate Unchanged

Predicted Opening Price for VERBIO Vereinigte BioEnergie AG of Tuesday, May 21, 2024

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