Andritz AG Stock Forecast
Weaker technical forecast for Andritz AG as stock downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Andritz AG stock price gained 0.0865% on the last trading day (Friday, 28th Jun 2024), rising from 57.80€ to 57.85€. During the last trading day the stock fluctuated 1.57% from a day low at 57.35€ to a day high of 58.25€. The price has fallen in 5 of the last 10 days and is down by -2.28% for this period. Volume fell on the last day by -2 thousand shares and in total, 503 shares were bought and sold for approximately 29.10€ thousand. 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 middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.31% during the next 3 months and, with a 90% probability hold a price between 54.85€ and 63.27€ at the end of this 3-month period.
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AZ2.F Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -5.01%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The Andritz AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 57.84€ and 56.55€. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Andritz AG stock
Andritz AG finds support from accumulated volume at 55.80€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0.90€ between high and low, or 1.57%. For the last week the stock has had daily average volatility of 1.24%.
Our recommended stop-loss: 54.73€ (-5.40%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (AZ2.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Andritz AG to open at 57.82€, and during the day (based on 14 day Average True Range), to move between 56.68€ and 59.02€, which gives a possible trading interval of +/-1.17€ (+/-2.02%) up or down from last closing price. If Andritz AG takes out the full calculated possible swing range there will be an estimated 4.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 59.20€ (2.33%) than the support at 55.80€ (3.54%), 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 Andritz AG stock A Buy?
Andritz 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.225 Hold/Accumulate Downgraded
Predicted Opening Price for Andritz AG of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 57.82€ ( 0.0576%) | 57.85€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AZ2.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 58.72 | 1.50% |
| R2 | 58.37 | 0.90% |
| R1 | 58.16 | 0.537% |
| Price | 57.85 | |
| S1 | 57.47 | -0.652% |
| S2 | 57.26 | -1.02% |
| S3 | 56.92 | -1.61% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 60.90 | 5.27% |
| R2 | 59.80 | 3.37% |
| R1 | 59.20 | 2.33% |
| Price | 57.85 | |
| S1 | 55.80 | -3.54% |
| S2 | 54.10 | -6.48% |
| S3 | 51.70 | -10.63% |
AZ2 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 25, 2024 | Mar 25, 2024 | Mar 28, 2024 | 2.50€ | 0% |
| 2 | Mar 31, 2023 | Mar 31, 2023 | Mar 31, 2023 | 2.10€ | 0% |
| 3 | Apr 11, 2022 | Apr 11, 2022 | Apr 11, 2022 | 1.65€ | 0% |
| 4 | Mar 26, 2021 | Mar 26, 2021 | Mar 26, 2021 | 1.00€ | 0% |
| 5 | Oct 22, 2019 | Jul 09, 2020 | Jul 13, 2020 | 0.500€ | 0% |
FAQ
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