Wacker Neuson SE Stock Forecast

Evaluation of Wacker Neuson SE stock downgraded after the last trading session.
(Updated on May 15, 2024)

WAC.F Signals & Forecast

The Wacker Neuson SE 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 17.78€ and 17.38€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 11.93%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Wacker Neuson SE stock

Wacker Neuson SE finds support from accumulated volume at 17.78€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.88€ (4.92%) between high and low. For the last week, the stock has had daily average volatility of 2.75%.

Our recommended stop-loss: 17.86€ (-3.89%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (WAC.F) For The Upcoming Trading Day Of Thursday 16th

For the upcoming trading day on Thursday, 16th we expect Wacker Neuson SE to open at 18.41€, and during the day (based on 14 day Average True Range), to move between 18.14€ and 19.02€, which gives a possible trading interval of +/-0.435€ (+/-2.34%) up or down from last closing price. If Wacker Neuson SE takes out the full calculated possible swing range there will be an estimated 4.68% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 17.78€, some 0.800€ (4.31%) from the current price of 18.58€, our system finds the risk reward attractive.

Is Wacker Neuson SE stock A Buy?

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

Current score: 0.000 Hold/Accumulate Downgraded

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 Wacker Neuson SE of Thursday, May 16, 2024

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