secunet Security Networks Stock Forecast

Green day on Friday for secunet Security Networks stock after gaining 1.28%
(Updated on May 31, 2024)

YSN.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, May 24, 2024, and so far it has risen 1.42%. Further rise is indicated until a new top pivot has been found. secunet Security Networks 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. 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 142.69€ and 147.80€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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

secunet Security Networks finds support from accumulated volume at 142.40€ 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 5.20€ between high and low, or 3.78%. For the last week, the stock has had daily average volatility of 4.80%.

Our recommended stop-loss: 135.27€ (-5.14%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 58 days ago.)

Trading Expectations (YSN.F) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect secunet Security Networks Aktiengesellschaft to open at 140.87€, and during the day (based on 14 day Average True Range), to move between 137.58€ and 147.62€, which gives a possible trading interval of +/-5.02€ (+/-3.52%) 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 7.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 142.40€ (0.14%) than the resistance at 149.80€ (5.05%), 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 this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.591 Hold/Accumulate Unchanged

Predicted Opening Price for secunet Security Networks Aktiengesellschaft of Monday, June 3, 2024

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