Sporttotal AG Stock Forecast

Red day on Monday for Sporttotal AG
(Updated on May 20, 2024)

WIG1.DE Signals & Forecast

There are few to no technical positive signals at the moment. The Sporttotal 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 0.81€ and 0.83€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -22.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.

Support, Risk & Stop-loss for Sporttotal AG stock

On the downside, the stock finds support just below today's level from accumulated volume at 0.665€ and 0.655€. 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, Sporttotal AG finds support just below today's level at 0.665€. If this is broken, then the next support from accumulated volume will be at 0.655€ and 0.605€.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 0.0150€ between high and low, or 1.92%. For the last week the stock has had daily average volatility of 1.38%.

Sporttotal 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 (WIG1.DE) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Sporttotal AG to open at 0.785€, and during the day (based on 14 day Average True Range), to move between 0.754€ and 0.81€, which gives a possible trading interval of +/-0.0264€ (+/-3.38%) up or down from last closing price. If Sporttotal AG takes out the full calculated possible swing range there will be an estimated 6.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 0.82€ (5.13%) than the support at 0.665€ (14.74%), 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 Sporttotal AG stock A Buy?

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

Current score: -2.983 Sell Candidate Unchanged

Predicted Opening Price for Sporttotal AG of Tuesday, May 21, 2024

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