YOC AG Stock Forecast
YOC AG stock price ended at 17.00€ on Friday, after gaining 2.41%.
(Updated on May 17, 2024)
The YOC AG stock price gained 2.41% on the last trading day (Friday, 17th May 2024), rising from 16.60€ to 17.00€. During the last trading day the stock fluctuated 3.66% from a day low at 16.40€ to a day high of 17.00€. The price has risen in 6 of the last 10 days and is up by 1.8% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately 103.07€ thousand.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.00% during the next 3 months and, with a 90% probability hold a price between 17.11€ and 19.00€ at the end of this 3-month period.
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YOC.F Signals & Forecast
The YOC 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 16.74€ and 16.17€. 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). YOC 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. Higher liquidity also reduces the general risk. 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 Monday, May 13, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for YOC AG stock
YOC AG finds support from accumulated volume at 16.90€ 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.600€ between high and low, or 3.66%. For the last week, the stock has had daily average volatility of 4.40%.
Our recommended stop-loss: 16.38€ (-3.66%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (YOC.F) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect YOC AG to open at 16.80€, and during the day (based on 14 day Average True Range), to move between 16.43€ and 17.57€, which gives a possible trading interval of +/-0.573€ (+/-3.37%) up or down from last closing price. If YOC AG takes out the full calculated possible swing range there will be an estimated 6.74% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 16.90€, some 0.100€ (0.59%) from the current price of 17.00€, our system finds the risk reward attractive.
Is YOC 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 YOC AG stock to perform well in the short-term.
Current score: 4.658 Buy Candidate Unchanged
Predicted Opening Price for YOC AG of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 16.80€ ( 1.18%) | 17.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YOC.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.40 | 2.35 % | |
| R2 | 17.17 | 1.00 % | ||
| R1 | 17.03 | 0.172 % | ||
| Current price: | 17.00 | |||
| Support | S1 | 16.57 | -2.52 % | |
| S2 | 16.43 | -3.36 % | ||
| S3 | 16.20 | -4.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 17.00 | |||
| Support | S1 | 16.90 | -0.588% | |
| S2 | 16.80 | -1.18% | ||
| S3 | 15.90 | -6.47% |
FAQ
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