AlzChem Group AG Stock Forecast
AlzChem Group AG stock price ended at 43.30€ on Thursday, after losing 3.35%.
(Updated on May 16, 2024)
The AlzChem Group AG stock price fell by -3.35% on the last day (Thursday, 16th May 2024) from 44.80€ to 43.30€. During the last trading day the stock fluctuated 6.19% from a day low at 42.00€ to a day high of 44.60€. The price has been going up and down for this period, and there has been a -1.59% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 7 thousand shares were bought and sold for approximately 319.90€ thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 43.25€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 88.00% during the next 3 months and, with a 90% probability hold a price between 81.32€ and 100.71€ at the end of this 3-month period.
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ACT.F Signals & Forecast
The AlzChem Group AG stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 43.69€. On a fall, the stock will find some support from the long-term average at approximately 43.17€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, April 24, 2024, and so far it has fallen -8.46%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for AlzChem Group AG stock
AlzChem Group AG finds support from accumulated volume at 42.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 2.60€ between high and low, or 6.19%. For the last week the stock has had daily average volatility of 6.12%.
Our recommended stop-loss: 41.15€ (-4.97%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (ACT.F) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect AlzChem Group AG to open at 43.30€, and during the day (based on 14 day Average True Range), to move between 41.09€ and 45.51€, which gives a possible trading interval of +/-2.21€ (+/-5.11%) up or down from last closing price. If AlzChem Group AG takes out the full calculated possible swing range there will be an estimated 10.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 43.70€ (0.92%) than the support at 42.00€ (3.00%), 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 AlzChem Group AG stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for AlzChem Group AG stock to perform well in the short-term.
Current score: 3.372 Buy Candidate Unchanged
Predicted Opening Price for AlzChem Group AG of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| 43.30€ ( 0.00000000%) | 43.30€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACT.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.90 | 6.00 % | |
| R2 | 44.91 | 3.71 % | ||
| R1 | 44.29 | 2.29 % | ||
| Current price: | 43.30 | |||
| Support | S1 | 42.31 | -2.29 % | |
| S2 | 41.69 | -3.71 % | ||
| S3 | 40.70 | -6.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.90 | 3.70 % | |
| R2 | 44.80 | 3.46 % | ||
| R1 | 43.70 | 0.92 % | ||
| Current price | 43.30 | |||
| Support | S1 | 42.00 | -3.00% | |
| S2 | 40.40 | -6.70% | ||
| S3 | 37.00 | -14.55% |
ACT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | May 10, 2024 | 1.20€ | 0% |
| 2 | May 12, 2023 | May 12, 2023 | May 12, 2023 | 1.05€ | 0% |
| 3 | May 06, 2022 | May 06, 2022 | May 06, 2022 | 1.00€ | 0% |
| 4 | May 13, 2021 | May 13, 2021 | May 13, 2021 | 0.770€ | 0% |
| 5 | Mar 24, 2020 | May 20, 2020 | May 25, 2020 | 0.750€ | 0% |
FAQ
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