Carl Zeiss Meditec AG Stock Forecast
Green day on Thursday for Carl Zeiss Meditec AG
(Updated on May 09, 2024)
The Carl Zeiss Meditec AG stock price gained 0.0532% on the last trading day (Thursday, 9th May 2024), rising from 93.90€ to 93.95€. During the last trading day the stock fluctuated 3.33% from a day low at 91.50€ to a day high of 94.55€. The price has been going up and down for this period, and there has been a -6.42% loss for the last 2 weeks. Volume fell on the last day by -182 thousand shares and in total, 194 thousand shares were bought and sold for approximately 18.18€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 93.57€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.23% during the next 3 months and, with a 90% probability hold a price between 79.32€ and 93.07€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AFX.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 0.0532%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Carl Zeiss Meditec AG stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 97.39€ and 105.46€. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Carl Zeiss Meditec AG stock
Carl Zeiss Meditec AG finds support from accumulated volume at 93.90€ 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 3.05€ between high and low, or 3.33%. For the last week, the stock has had daily average volatility of 4.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AFX.DE) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Carl Zeiss Meditec AG to open at 93.33€, and during the day (based on 14 day Average True Range), to move between 90.79€ and 97.11€, which gives a possible trading interval of +/-3.16€ (+/-3.36%) up or down from last closing price. If Carl Zeiss Meditec AG takes out the full calculated possible swing range there will be an estimated 6.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 93.90€ (0.05%) than the resistance at 110.25€ (17.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Carl Zeiss Meditec AG stock A Buy?
Carl Zeiss Meditec AG holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.079 Sell Candidate Unchanged
Predicted Opening Price for Carl Zeiss Meditec AG of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| 93.33€ ( 0.656%) | 93.95€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AFX.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 96.38 | 2.59 % | |
| R2 | 95.22 | 1.35 % | ||
| R1 | 94.50 | 0.584 % | ||
| Current price: | 93.95 | |||
| Support | S1 | 92.17 | -1.90 % | |
| S2 | 91.45 | -2.66 % | ||
| S3 | 90.28 | -3.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 113.75 | 21.08 % | |
| R2 | 111.40 | 18.57 % | ||
| R1 | 110.25 | 17.35 % | ||
| Current price | 93.95 | |||
| Support | S1 | 93.90 | -0.0532% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
AFX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Mar 26, 2024 | 1.10€ | 0.93% |
| 2 | Mar 21, 2024 | Mar 21, 2024 | Mar 21, 2024 | 0€ | 0% |
| 3 | Mar 23, 2023 | Mar 23, 2023 | Mar 23, 2023 | 1.10€ | 0.81% |
| 4 | Mar 31, 2022 | Mar 31, 2022 | Mar 31, 2022 | 0.90€ | 0.609% |
| 5 | May 28, 2021 | May 28, 2021 | May 28, 2021 | 0.500€ | 0.329% |
FAQ
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