Wessanen NV Stock Forecast

Wessanen NV stock price ended at 11.38€ on Tuesday, after losing 0%.
(Updated on Nov 12, 2019)

WES.AS Signals & Forecast

The Wessanen NV 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 11.38€ and 11.37€. 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 Monday, September 23, 2019, and so far it has fallen -0.175%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, August 22, 2019 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, October 22, 2019.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Wessanen NV stock

Wessanen NV finds support from accumulated volume at 11.36€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Our recommended stop-loss: 10.96€ (-3.72%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 36 days ago.)

Trading Expectations (WES.AS) For The Upcoming Trading Day Of Wednesday 13th

For the upcoming trading day on Wednesday, 13th we expect Wessanen NV to open at 11.38€, and during the day (based on 14 day Average True Range), to move between 11.35€ and 11.41€, which gives a possible trading interval of +/-0.0288€ (+/-0.25%) up or down from last closing price. If Wessanen NV takes out the full calculated possible swing range there will be an estimated 0.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 11.39€ (0.09%) than the support at 11.36€ (0.18%), 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 Wessanen NV stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Wessanen NV stock to perform well in the short-term period.

Current score: 1.405 Buy Candidate Unchanged

Predicted Opening Price for Wessanen NV of Wednesday, November 13, 2019

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