secunet Security Networks Stock Forecast

Red day on Friday for secunet Security Networks stock after losing 2.16%
(Updated on May 17, 2024)

YSN.F Signals & Forecast

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. The secunet Security Networks 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 148.71€ and 152.24€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -5.10%. Further fall is indicated until a new bottom pivot has been found. secunet Security Networks gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Buy

Special Signal Notification

Double Bottom Formation

Support, Risk & Stop-loss for secunet Security Networks stock

secunet Security Networks finds support from accumulated volume at 143.60€ 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 5.40€ between high and low, or 3.76%. For the last week the stock has had daily average volatility of 2.34%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (YSN.F) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect secunet Security Networks Aktiengesellschaft to open at 146.00€, and during the day (based on 14 day Average True Range), to move between 140.62€ and 149.38€, which gives a possible trading interval of +/-4.38€ (+/-3.02%) up or down from last closing price. If secunet Security Networks Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 6.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 143.60€ (0.97%) than the resistance at 149.80€ (3.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is secunet Security Networks Aktiengesellschaft stock A Buy?

secunet Security Networks holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.697 Sell Candidate Unchanged

Predicted Opening Price for secunet Security Networks Aktiengesellschaft of Monday, May 20, 2024

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