Wienerberger AG Stock Forecast

Wienerberger AG stock price up 0.564% on Thursday
(Updated on May 09, 2024)

WIB.F 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 34.63€ and 33.46€. 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 11.36%. 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). Wienerberger AG has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. 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 in the short-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 Wienerberger AG stock

On the downside, the stock finds support just below today's level from accumulated volume at 33.56€ and 33.52€. 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, Wienerberger AG finds support just below today's level at 33.56€. If this is broken, then the next support from accumulated volume will be at 33.52€ and 33.48€.

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 0.0800€ between high and low, or 0.225%. For the last week, the stock has had daily average volatility of 1.23%.

Our recommended stop-loss: 34.39€ (-3.62%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (WIB.F) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Wienerberger AG to open at 35.65€, and during the day (based on 14 day Average True Range), to move between 35.12€ and 36.24€, which gives a possible trading interval of +/-0.556€ (+/-1.56%) up or down from last closing price. If Wienerberger AG takes out the full calculated possible swing range there will be an estimated 3.11% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 33.56€, some 2.12€ (5.94%) from the current price of 35.68€, our system finds the risk reward attractive.

Is Wienerberger AG stock A Buy?

Wienerberger 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 Wienerberger AG of Friday, May 10, 2024

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