BASF SE Stock Forecast
BASF SE stock price down 2.60% on Wednesday
(Updated on Jun 26, 2024)
The BASF SE stock price fell by -2.60% on the last day (Wednesday, 26th Jun 2024) from 46.41€ to 45.21€. During the last trading day the stock fluctuated 3.25% from a day low at 45.14€ to a day high of 46.60€. The price has been going up and down for this period, and there has been a -2.74% 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 -491 thousand shares and in total, 2 million shares were bought and sold for approximately 95.19€ million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -15.68% during the next 3 months and, with a 90% probability hold a price between 36.65€ and 39.45€ 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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BAS.DE Signals & Forecast
There are mixed signals in the stock today. The BASF SE 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 45.49€ and 47.36€. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.39%. 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).
Support, Risk & Stop-loss for BASF SE stock
BASF SE finds support from accumulated volume at 45.15€ 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 1.47€ (3.25%) between high and low. For the last week, the stock has had daily average volatility of 1.92%.
Our recommended stop-loss: 42.85€ (-5.20%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 58 days ago.)
Trading Expectations (BAS.DE) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect BASF SE to open at 45.65€, and during the day (based on 14 day Average True Range), to move between 44.44€ and 45.97€, which gives a possible trading interval of +/-0.766€ (+/-1.70%) up or down from last closing price. If BASF SE takes out the full calculated possible swing range there will be an estimated 3.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 45.15€ (0.12%) than the resistance at 48.83€ (8.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BASF SE stock A Buy?
BASF SE 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: -0.983 Hold/Accumulate Unchanged
Predicted Opening Price for BASF SE of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 45.65€ ( 0.98%) | 45.21€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BAS.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 47.11 | 4.22% |
| R2 | 46.55 | 2.98% |
| R1 | 46.21 | 2.22% |
| Price | 45.21 | |
| S1 | 45.09 | -0.261% |
| S2 | 44.74 | -1.03% |
| S3 | 44.18 | -2.26% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 54.00 | 19.46% |
| R2 | 49.16 | 8.74% |
| R1 | 48.83 | 8.01% |
| Price | 45.21 | |
| S1 | 45.15 | -0.122% |
| S2 | 45.04 | -0.365% |
| S3 | 44.59 | -1.37% |
BAS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | Apr 30, 2024 | 3.40€ | 6.92% |
| 2 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | 3.40€ | 7.26% |
| 3 | May 02, 2022 | May 02, 2022 | May 02, 2022 | 3.40€ | 7.17% |
| 4 | Apr 30, 2021 | Apr 30, 2021 | Apr 30, 2021 | 3.30€ | 4.92% |
| 5 | Feb 28, 2020 | Jun 19, 2020 | Jun 23, 2020 | 3.30€ | 6.41% |
FAQ
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