STOXX Europe 600 10-Week forecast and technical analysis by Pretiming. | |||
◆ Closed price | |||
May 22, 2023 | 461.41 | -1.59% | |
◆ Appropriate Investment Position: Buy and Hold | |||
◆Thisweek's Buy-Sell strength analysis | |||
The current trend appears to be 'Correction trend'. The OPEN-price started with a weaker decline rate than the current trend and The HIGH and LOW prices are showing a weaker HIGH-price and a stronger LOW-price Finally, the CLOSE-price closed with a stronger decline rate than the current trend. | |||
The overall buy-sell strength indicates that the sell strength is stronger than the buy. | |||
Assuming that the average sell strength is -100%, | |||
This week's sell strength is | -178% | | |
◆ Next week's Buy-Sell strength Forecast | |||
Based on recent market trends and technical analysis, it looks like STOXX Europe 600 will enter an Uptrend next week | |||
The %strength of Risk & Return next week : | 57% | ||
HIGH ~ LOW % range next week : | 1.1% | -0.4% | |
Predicted Average return over the next 3 weeks: | 3.8% | ||
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◆ STOXX Europe 600 stock market 10 Week forecast | |||
It is expected that the overall trend movement over the next 10 weeks will follow a strong upward direction, with a ratio of 5 : 5 for the downward to upward direction, with the proportion of the upward and downward trend being equal. And, in terms of the expected strength of the upward and downward movements, the upward strength is higher, while the downward strength is moderate. Currently, it's in the midst of a correction trend in a downward-trending market with a box pattern of price fluctuations, marked by small increases and downward fluctuations. and The Buy-Sell strength has changed from a weak selling flow to a strengthening selling flow again. | |||
Indicating that We are currently in a bullish zone. Therefore, it is recommended to implement a strategy to increase profits and take a suitable investing position. A suitable investing position is 'Buy(Bullish) and Hold' for now. The appropriate buying timing is predicted to be this week or next week. | |||
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And the appropriate selling timing is predicted to be in 3 weeks. | |||
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(Forecast may change due to changes in the Buy-Sell strength) | |||
◆ Volatility of forecast | |||
Due to sudden changes in Buy-Sell strength that can cause instability in trend linkage, pretiming forecasting can be highly volatile. | |||
◆ Predicting the turning point of the trend | |||
The probability of a trend reversal occurring approximately 1 week from now, 3 weeks from now, 7 weeks from now | 57% | ||
◆ Forecast of Upper~Lower price range over the next 10 weeks | |||
Price: | 456.80 | ~ | 474.47 |
% Change: | -1.0% | ~ | 2.8% |
Median price between the upper and lower prices | 465.63 | 0.9% | |
◆ Analysis of the trend zone & level% and average strength of trends | |||
For the last 30 weeks, the average trend zone & level% | Bullish | 39% | |
The Current trend zone & level% | Bullish | 37% | |
The expected average trend zone & level% for the next 10 weeks | Bullish | 28% | |
If the trend moves upward from the current trend level%, it's expected to have an average upward strength of | 66% | (Max 100%) | |
And if it moves downward, it is expected to have a downward strength of | -44% | (Min -100%) | |
◆ Forecasting the strength of the trend and the range of the HIGH ~ LOW | |||
Trend | Strength% | HIGH | LOW |
In 1 week: Entering an uptrend | 57% | 1.1% | -0.4% |
In 2 weeks: Uptrend | 100% | 2.4% | 0.1% |
In 3 weeks: Entering a correction trend | 30% | 0.7% | -0.1% |
In 4 weeks: Correction trend | -46% | 0.0% | -1.9% |
In 5 weeks: Correction trend | -47% | -0.1% | -2.3% |
In 6 weeks: Entering an uptrend | -46% | -0.1% | -1.7% |
In 7 weeks: Entering an uptrend | 100% | 2.1% | -0.3% |
In 8 weeks: Uptrend | 88% | 1.4% | -0.5% |
In 9 weeks: Entering a correction trend | 20% | 0.3% | 0.0% |
In 10 weeks: Entering a correction trend | -37% | 0.1% | -1.3% |
◆ Average closing price in case of rising: | | 1.3% | |
=> HIGH ~ LOW range: | 1.7% | ~ | -0.8% |
◆ Average closing price in case of falling: | | -1.1% | |
=> HIGH ~ LOW range: | 0.7% | ~ | -2.0% |
Stock forecast is based on the buy-sell strength analysis of pretiming. Get detailed information including best stocks to buy, stock price target and investment strategy, Bearish & Bullish stock trend analysis, stock technical analysis. | |||
