WashTec AG Stock Forecast

Red day on Friday for WashTec AG stock after losing 1.01%
(Updated on Jun 28, 2024)

WSU.DE Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 1.81%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The WashTec AG stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 40.19€. On a fall, the stock will find some support from the short-term average at 39.19€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 WashTec AG stock

WashTec AG finds support from accumulated volume at 39.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0.500€ between high and low, or 1.28%. For the last week the stock has had daily average volatility of 2.12%.

Our recommended stop-loss: 37.02€ (-5.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 35 days ago.)

Trading Expectations (WSU.DE) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect WashTec AG to open at 39.27€, and during the day (based on 14 day Average True Range), to move between 38.42€ and 40.18€, which gives a possible trading interval of +/-0.88€ (+/-2.24%) up or down from last closing price. If WashTec AG takes out the full calculated possible swing range there will be an estimated 4.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 39.00€ (0.76%) than the resistance at 39.70€ (1.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is WashTec 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 WashTec AG stock to perform well in the short-term.

Current score: 1.099 Buy Candidate Unchanged

Predicted Opening Price for WashTec AG of Monday, July 1, 2024

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