Bayer AG Stock Forecast
Bayer AG stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Bayer AG stock price fell by -1.89% on the last day (Tuesday, 25th Jun 2024) from 26.66€ to 26.15€. During the last trading day the stock fluctuated 3.66% from a day low at 25.99€ to a day high of 26.94€. The price has fallen in 5 of the last 10 days and is down by -3.43% for this period. Volume has increased on the last day by 741 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, 3 million shares were bought and sold for approximately 86.67€ million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 25.59€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Bayer AG stock with a 90% probability to be traded between 25.19€ and 28.70€ 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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BAYN.F Signals & Forecast
There are mixed signals in the stock today. The Bayer AG stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 27.79€. On a fall, the stock will find some support from the short-term average at 26.10€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 2.07%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Bayer AG stock
Bayer AG finds support from accumulated volume at 26.13€ 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.95€ between high and low, or 3.66%. For the last week, the stock has had daily average volatility of 2.43%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BAYN.F) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Bayer AG to open at 26.36€, and during the day (based on 14 day Average True Range), to move between 25.41€ and 26.89€, which gives a possible trading interval of +/-0.736€ (+/-2.81%) up or down from last closing price. If Bayer AG takes out the full calculated possible swing range there will be an estimated 5.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 26.13€ (0.08%) than the resistance at 27.32€ (4.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bayer AG stock A Buy?
Bayer AG holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.492 Sell Candidate Downgraded
Predicted Opening Price for Bayer AG of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 26.36€ ( 0.790%) | 26.15€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BAYN.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.31 | 4.42% |
| R2 | 26.94 | 3.04% |
| R1 | 26.72 | 2.18% |
| Price | 26.15 | |
| S1 | 25.99 | -0.597% |
| S2 | 25.77 | -1.45% |
| S3 | 25.41 | -2.84% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.22 | 11.74% |
| R2 | 27.35 | 4.57% |
| R1 | 27.32 | 4.46% |
| Price | 26.15 | |
| S1 | 26.13 | -0.0765% |
| S2 | 26.08 | -0.268% |
| S3 | 26.00 | -0.574% |
BAYN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 02, 2024 | 0.110€ | 0% |
| 2 | May 02, 2023 | May 02, 2023 | May 02, 2023 | 2.40€ | 0% |
| 3 | May 02, 2022 | May 02, 2022 | May 02, 2022 | 2.00€ | 0% |
| 4 | Apr 28, 2021 | Apr 28, 2021 | Apr 28, 2021 | 2.00€ | 0% |
| 5 | Feb 27, 2020 | Apr 29, 2020 | May 04, 2020 | 2.80€ | 0% |
FAQ
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