Softimat S.A. Stock Forecast

High volatility in Softimat S.A. stock price on Thursday which ended trading at 1.20€
(Updated on Apr 25, 2024)

SOFT.BB 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 Softimat S.A. 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 1.29€ and 1.35€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 16, 2024, and so far it has fallen -14.29%. Further fall is indicated until a new bottom pivot has been found. Softimat S.A. 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 Softimat S.A. stock

On the downside, the stock finds support just below today's level from accumulated volume at 1.11€. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at € may give a huge drop in the stock price.

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 0.200€ between high and low, or 16.67%. For the last week, the stock has had daily average volatility of 4.59%.

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

Trading Expectations (SOFT.BB) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Softimat S.A. to open at 1.27€, and during the day (based on 14 day Average True Range), to move between 1.15€ and 1.25€, which gives a possible trading interval of +/-0.0500€ (+/-4.16%) up or down from last closing price. If Softimat S.A. takes out the full calculated possible swing range there will be an estimated 8.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 1.11€ (7.50%) than the resistance at 1.35€ (12.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Softimat S.A. stock A Buy?

Softimat S.A. holds several negative signals and is within a very 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: -4.404 Sell Candidate Unchanged

Predicted Opening Price for Softimat S.A. of Friday, April 26, 2024

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