EVS Broadcast Equipment SA Stock Forecast

EVS Broadcast Equipment SA stock price ended at 16.12€ on Monday, after losing 1.71%.
(Updated on Jul 13, 2020)

EVS.BB Signals & Forecast

The EVS Broadcast Equipment SA 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 15.80€ and 14.76€. 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). 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 Tuesday, July 07, 2020, and so far it has fallen -1.95%. Further fall is indicated until a new bottom pivot has been found. EVS Broadcast Equipment SA 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".

Support, Risk & Stop-loss for EVS Broadcast Equipment SA stock

On the downside, the stock finds support just below today's level from accumulated volume at 14.58€ and 13.60€. 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, EVS Broadcast Equipment SA finds support just below today's level at 14.58€. If this is broken, then the next support from accumulated volume will be at 13.60€ and 13.54€.

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 0.580€ between high and low, or 3.60%. For the last week the stock has had daily average volatility of 2.08%.

Our recommended stop-loss: 15.40€ (-4.46%) (This stock has low daily movements and this gives low risk. The RSI14 is 83 and this increases the risk substantially. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (EVS.BB) For The Upcoming Trading Day Of Tuesday 14th

Since the stock is closer to the resistance from accumulated volume at 16.28€ (0.99%) than the support at 14.58€ (9.55%), 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 EVS Broadcast Equipment SA stock A Buy?

EVS Broadcast Equipment SA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for EVS Broadcast Equipment SA of Tuesday, July 14, 2020

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