Which gives a possible trading interval of +/-$0.125 (+/-2.66%) up or down from last closing price. Trading Expectations For The Upcoming Trading Day Of Thursday 27thįor the upcoming trading day on Thursday, 27th we expect TeamViewer AG to open at $4.69, and during the day (based on 14 day Average True Range), There is a buy signal from a pivot bottom found 19 days ago.) The RSI14 is 82 and this increases the risk substantially. (This stock has medium daily movements and this gives medium risk. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. The TeamViewer AG stock is overbought on RSI14 and lies in the upper part of the trend. For the last week, the stock has had daily average volatility of 1.11%. During the last day, the stock moved $0.0400 between high and low, or 0.86%. This stock has average movements during the day and with good trading volume, the risk is considered to be medium. TeamViewer AG finds support from accumulated volume at $4.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. The very low volume increases the risk and reduces the other technical signals issued. This is considered to be a technical positive sign as volume should follow the price-formation. TeamViewer AG has increased volume and follows the last lift in the price.
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Further rise is indicated until a new top pivot has been found. A buy signal was issued from a pivot bottom point on Thursday, September 29, 2022, and so far it has risen 24.90%. A breakdown below any of these levels will issue sell signals.
On corrections down, there will be some support from the lines at $4.39 and $4.28. 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. The TeamViewer AG stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock.
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