Retail Estates NV Stock Forecast

Green day on Monday for Retail Estates NV stock after gaining 0.97%
(Updated on Jul 13, 2020)

RET.BB Signals & Forecast

The Retail Estates NV stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 58.28€ and 58.56€. 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). Retail Estates NV 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 Wednesday, July 08, 2020, and so far it has fallen -0.792%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Retail Estates NV stock

On the downside, the stock finds support just below today's level from accumulated volume at 48.80€ and 48.05€. 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, Retail Estates NV finds support just below today's level at 48.80€. If this is broken, then the next support from accumulated volume will be at 48.05€ and 47.05€.

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 0.80€ between high and low, or 1.29%. For the last week the stock has had daily average volatility of 2.70%.

The Retail Estates NV stock is extremely overbought on RSI14 (85). This increases the short-term risk substantially.

Our recommended stop-loss: 59.39€ (-5.12%) (This stock has low daily movements and this gives low risk. The RSI14 is 85 and this increases the risk substantially. There is a sell signal from a pivot top found 3 days ago.)

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

Since the stock is closer to the resistance from accumulated volume at 63.10€ (0.80%) than the support at 48.80€ (22.04%), 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 Retail Estates NV stock A Buy?

Retail Estates NV 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 Retail Estates NV of Tuesday, July 14, 2020

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