VERBIO Vereinigte BioEnergie AG Stock Forecast

VERBIO Vereinigte BioEnergie AG stock price up 1.45% on Friday
(Updated on Jun 21, 2024)

VBK.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 1.45%. Further rise is indicated until a new top pivot has been found. 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. The VERBIO Vereinigte BioEnergie AG 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 18.96€ and 20.72€. 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).

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

VERBIO Vereinigte BioEnergie AG finds support from accumulated volume at 17.25€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.750€ between high and low, or 4.39%. For the last week, the stock has had daily average volatility of 6.17%.

VERBIO Vereinigte BioEnergie AG is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (VBK.F) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect VERBIO Vereinigte BioEnergie AG to open at 17.46€, and during the day (based on 14 day Average True Range), to move between 16.48€ and 18.52€, which gives a possible trading interval of +/-1.02€ (+/-5.85%) 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 11.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 17.25€ (1.43%) than the resistance at 18.85€ (7.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is VERBIO Vereinigte BioEnergie AG stock A Buy?

The VERBIO Vereinigte BioEnergie AG stock holds several negative signals and despite the positive trend, we believe VERBIO Vereinigte BioEnergie AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.625 Sell Candidate Unchanged

Predicted Opening Price for VERBIO Vereinigte BioEnergie AG of Monday, June 24, 2024

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