Fluxys Belgium SA Class D Stock Forecast

Red day on Thursday for Fluxys Belgium SA Class D
(Updated on Apr 18, 2024)

FLUX.BB Signals & Forecast

There are few to no technical positive signals at the moment. The Fluxys Belgium SA Class D 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 20.31€ and 20.58€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -5.58%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Fluxys Belgium SA Class D 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Fluxys Belgium SA Class D stock

Fluxys Belgium SA Class D finds support from accumulated volume at 20.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.300€ (1.50%) between high and low. For the last week, the stock has had daily average volatility of 1.80%.

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

Trading Expectations (FLUX.BB) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Fluxys Belgium SA Class D to open at 20.20€, and during the day (based on 14 day Average True Range), to move between 19.75€ and 20.85€, which gives a possible trading interval of +/-0.550€ (+/-2.71%) up or down from last closing price. If Fluxys Belgium SA Class D takes out the full calculated possible swing range there will be an estimated 5.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 20.40€ (0.49%) than the support at 20.00€ (1.48%), 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 Fluxys Belgium SA Class D stock A Buy?

Fluxys Belgium SA Class D 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: -4.637 Sell Candidate Unchanged

Predicted Opening Price for Fluxys Belgium SA Class D of Friday, April 19, 2024

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