BASF SE (ADR) Stock Forecast
Green day on Monday for BASF SE (ADR) stock after gaining 1.01%
(Updated on Jun 17, 2024)
The BASF SE (ADR) stock price gained 1.01% on the last trading day (Monday, 17th Jun 2024), rising from $11.88 to $12.00. During the last trading day the stock fluctuated 0.84% from a day low at $11.95 to a day high of $12.05. The price has fallen in 7 of the last 10 days and is down by -7.73% for this period. Volume fell on the last day by -2 thousand shares and in total, 9 thousand shares were bought and sold for approximately $110.30 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 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 $11.85 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -13.38% during the next 3 months and, with a 90% probability hold a price between $10.26 and $11.31 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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BASFY Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.01%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BASF SE (ADR) 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 $12.29 and $12.97. A break-up above any of these levels will issue buy signals. 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 also not. The stock had a Golden Star Signal on Wednesday, December 06, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, December 06, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for BASF SE (ADR) stock
BASF SE (ADR) finds support from accumulated volume at $11.88 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.100 between high and low, or 0.84%. For the last week the stock has had daily average volatility of 0.786%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BASFY) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect BASF SE (ADR) to open at $12.00, and during the day (based on 14 day Average True Range), to move between $11.80 and $12.20, which gives a possible trading interval of +/-$0.204 (+/-1.70%) up or down from last closing price. If BASF SE (ADR) takes out the full calculated possible swing range there will be an estimated 3.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.88 (1.00%) than the resistance at $13.04 (8.67%), 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 (ADR) stock A Buy?
BASF SE (ADR) 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: -1.951 Sell Candidate Unchanged
Predicted Opening Price for BASF SE (ADR) of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $12.00 ( 0%) | $12.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BASFY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.10 | 0.83% |
| R2 | 12.06 | 0.515% |
| R1 | 12.04 | 0.318% |
| Price | 12.00 | |
| S1 | 11.96 | -0.318% |
| S2 | 11.94 | -0.515% |
| S3 | 11.90 | -0.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.59 | 21.58% |
| R2 | 14.47 | 20.58% |
| R1 | 13.04 | 8.67% |
| Price | 12.00 | |
| S1 | 11.88 | -1.00% |
| S2 | 0 | - |
| S3 | 0 | - |
BASFY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2024 | Apr 26, 2024 | May 10, 2024 | $0.659 | 5.01% |
| 2 | Jul 31, 2023 | May 01, 2023 | May 08, 2023 | $0.90 | 6.95% |
| 3 | Apr 29, 2022 | May 02, 2022 | May 16, 2022 | $0.93 | 7.23% |
| 4 | Apr 23, 2021 | Apr 30, 2021 | May 14, 2021 | $0.98 | 4.66% |
| 5 | Jun 05, 2020 | Jun 19, 2020 | Jul 06, 2020 | $0.93 | 6.49% |
FAQ
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