The Aston Martin share made a dynamic rise in the first few weeks of the year and reached its annual high on February 3 at 26.24 euros. The value then went into a correction and fell initially to and later also below the 50-day average. The low of this movement was only formed on April 21 at 20.90 euros.
In May, buyers finally managed to rebound above the 50-day average. The rally continued until June 8, when the annual high was reached at EUR 26.24. However, profit-taking caused the price to fall back below the 50-day average on the days that followed.
Should Investors Sell Right Now? Or is it worth joining Aston Martin?
The weekly closing price below the 50-day line represents a heavy mortgage for the bulls at the beginning of the new week. Nevertheless, their goal at the moment can only be to achieve a rapid rise above the 50-day average at 23.12 euros and also the high of March 18 to overcome at 24.49 euros. From here, the annual high of EUR 26.24 and the 50-week average of EUR 29.73 would be the next targets.
If the Aston Martin share fails to quickly overcome the 50-day average at 23.12 euros, the downward trend could continue to the low of April 21 at 20.90 euros. Below this, further losses can be expected except for the high of December 17 at 19.49 euros.
Should Aston Martin Investors Sell Right Now? Or is it worth getting started?
How will Aston Martin develop now? Is your money safe in this stock? The answers to these questions and why you need to act now can be found in the latest analysis of Aston Martin shares.
Aston Martin: Buy or Sell?Read more here …
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15. Jun
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