Albis Leasing AG Stock Forecast
Green day on Tuesday for Albis Leasing AG stock after gaining 2.80%
(Updated on Jun 25, 2024)
The Albis Leasing AG stock price gained 2.80% on the last trading day (Tuesday, 25th Jun 2024), rising from 2.14€ to 2.20€. During the last trading day the stock fluctuated 2.80% from a day low at 2.14€ to a day high of 2.20€. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 13 thousand shares were bought and sold for approximately 29.20€ thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Albis Leasing AG stock with a 90% probability to be traded between 2.14€ and 2.37€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ALG.DE Signals & Forecast
The Albis Leasing AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 2.15€ and 2.19€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 3.77%. Further rise is indicated until a new top pivot has been found. Albis Leasing AG has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A sell signal from a double top formation was found on Tuesday, June 04, 2024 and based on theory for this formation the price should fall by -11.75% to 1.94€ within 27 trading days since signal was issued (Thursday, July 11, 2024).
Support, Risk & Stop-loss for Albis Leasing AG stock
Albis Leasing AG finds support from accumulated volume at 2.18€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.0600€ (2.80%) between high and low. For the last week, the stock has had daily average volatility of 0.93%.
Our recommended stop-loss: 2.07€ (-5.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (ALG.DE) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Albis Leasing AG to open at 2.18€, and during the day (based on 14 day Average True Range), to move between 2.17€ and 2.23€, which gives a possible trading interval of +/-0.0341€ (+/-1.55%) up or down from last closing price. If Albis Leasing AG takes out the full calculated possible swing range there will be an estimated 3.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 2.18€ (0.91%) than the resistance at 2.24€ (1.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Albis Leasing AG stock A Buy?
Albis Leasing AG holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.905 Hold/Accumulate Unchanged
Predicted Opening Price for Albis Leasing AG of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 2.18€ ( 0.91%) | 2.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALG.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.24 | 1.82% |
| R2 | 2.22 | 0.776% |
| R1 | 2.20 | 0.133% |
| Price | 2.20 | |
| S1 | 2.16 | -1.95% |
| S2 | 2.14 | -2.59% |
| S3 | 2.12 | -3.64% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.30 | 4.55% |
| R2 | 2.26 | 2.73% |
| R1 | 2.24 | 1.82% |
| Price | 2.20 | |
| S1 | 2.18 | -0.91% |
| S2 | 2.14 | -2.73% |
| S3 | 2.02 | -8.18% |
ALG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 05, 2024 | Jul 05, 2024 | Jul 09, 2024 | 0.0800€ | 3.64% |
| 2 | Jul 05, 2021 | Jul 05, 2021 | Jul 05, 2021 | 0.0400€ | 1.23% |
| 3 | Apr 16, 2020 | Jun 26, 2020 | Jun 30, 2020 | 0.0399€ | 1.32% |
| 4 | Apr 09, 2019 | Jul 15, 2019 | Jul 17, 2019 | 0.0399€ | 1.40% |
| 5 | Mar 28, 2018 | Jul 12, 2018 | Jul 16, 2018 | 0.0598€ | 1.57% |
FAQ
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