Wienerberger AG Stock Forecast

Wienerberger AG stock price ended at 35.18€ on Monday, after losing 0.396%.
(Updated on May 13, 2024)

WIB.DE Signals & Forecast

The Wienerberger 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 35.14€ and 33.63€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -1.40%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, April 25, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 29, 2023.

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 Wienerberger AG stock

Wienerberger AG finds support from accumulated volume at 33.56€ 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€ between high and low, or 0%. For the last week the stock has had daily average volatility of 0.742%.

Our recommended stop-loss: 33.74€ (-4.08%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (WIB.DE) For The Upcoming Trading Day Of Tuesday 14th

For the upcoming trading day on Tuesday, 14th we expect Wienerberger AG to open at 35.18€, and during the day (based on 14 day Average True Range), to move between 34.65€ and 35.71€, which gives a possible trading interval of +/-0.528€ (+/-1.50%) up or down from last closing price. If Wienerberger AG takes out the full calculated possible swing range there will be an estimated 3.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 35.32€ (0.40%) than the support at 33.56€ (4.60%), 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 Wienerberger 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 Wienerberger AG stock to perform well in the short-term.

Current score: 2.104 Buy Candidate Unchanged

Predicted Opening Price for Wienerberger AG of Tuesday, May 14, 2024

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