BASF SE Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
BASF SE stock upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The BASF SE stock price fell by -0.353% on the last day (Friday, 28th Jun 2024) from 45.35€ to 45.19€. During the last trading day the stock fluctuated 1.61% from a day low at 45.14€ to a day high of 45.86€. The price has risen in 6 of the last 10 days and is up by 1.35% over the past 2 weeks. Volume has increased on the last day by 579 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately 86.76€ 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 36.42€ and 39.24€ 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.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.35%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 45.57€ and 47.13€. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
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 0.725€ (1.61%) between high and low. For the last week, the stock has had daily average volatility of 1.93%.
Our recommended stop-loss: 43.35€ (-4.06%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 60 days ago.)
Trading Expectations (BAS.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect BASF SE to open at 45.39€, and during the day (based on 14 day Average True Range), to move between 44.43€ and 45.94€, which gives a possible trading interval of +/-0.755€ (+/-1.67%) up or down from last closing price. If BASF SE takes out the full calculated possible swing range there will be an estimated 3.34% 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€ (0.08%) than the resistance at 48.83€ (8.06%), 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 negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.501 Hold/Accumulate Upgraded
Predicted Opening Price for BASF SE of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
45.39€ ( 0.461%) | 45.19€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BAS.F
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 46.12 | 2.07% |
R2 | 45.84 | 1.45% |
R1 | 45.67 | 1.07% |
Price | 45.19 | |
S1 | 45.12 | -0.152% |
S2 | 44.95 | -0.531% |
S3 | 44.67 | -1.14% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 54.00 | 19.51% |
R2 | 49.16 | 8.79% |
R1 | 48.83 | 8.06% |
Price | 45.19 | |
S1 | 45.15 | -0.0775% |
S2 | 45.04 | -0.321% |
S3 | 44.59 | -1.33% |
BAS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 26, 2024 | Apr 26, 2024 | Apr 30, 2024 | 3.40€ | 6.94% |
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€ | 4.89% |
5 | Jun 19, 2020 | Jun 19, 2020 | Jun 19, 2020 | 3.30€ | 6.48% |
FAQ
Click here for our free guide on how to buy BASF SE Stock.