Beiersdorf Aktiengesellschaft Stock Forecast
Green day on Wednesday for Beiersdorf Aktiengesellschaft stock after gaining 0.513%
(Updated on May 22, 2024)
The Beiersdorf Aktiengesellschaft stock price gained 0.513% on the last trading day (Wednesday, 22nd May 2024), rising from 146.25€ to 147.00€. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.754% from a day low at 145.95€ to a day high of 147.05€. The price has risen in 6 of the last 10 days and is up by 1.84% over the past 2 weeks. Volume fell on the last day by -16 thousand shares and in total, 222 thousand shares were bought and sold for approximately 32.65€ million. 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 upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 148.84€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 8.72% during the next 3 months and, with a 90% probability hold a price between 146.96€ and 161.83€ at the end of this 3-month period.
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BEI.DE Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -0.170%. 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). The Beiersdorf Aktiengesellschaft 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 145.25€ and 138.84€. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Beiersdorf Aktiengesellschaft stock
On the downside, the stock finds support just below today's level from accumulated volume at 134.05€ and 132.55€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Beiersdorf Aktiengesellschaft finds support just below today's level at 134.05€. If this is broken, then the next support from accumulated volume will be at 132.55€ and 132.40€.
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 1.10€ (0.754%) between high and low. For the last week, the stock has had daily average volatility of 0.80%.
Our recommended stop-loss: 142.42€ (-3.11%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (BEI.DE) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Beiersdorf Aktiengesellschaft to open at 146.67€, and during the day (based on 14 day Average True Range), to move between 145.32€ and 148.68€, which gives a possible trading interval of +/-1.68€ (+/-1.14%) up or down from last closing price. If Beiersdorf Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 2.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 147.25€ (0.17%) than the support at 134.05€ (8.81%), 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 Beiersdorf Aktiengesellschaft stock A Buy?
Beiersdorf Aktiengesellschaft 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: 0.507 Hold/Accumulate Unchanged
Predicted Opening Price for Beiersdorf Aktiengesellschaft of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| 146.67€ ( 0.227%) | 147.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BEI.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 147.77 | 0.522 % | |
| R2 | 147.35 | 0.236 % | ||
| R1 | 147.09 | 0.0591 % | ||
| Current price: | 147.00 | |||
| Support | S1 | 146.25 | -0.513 % | |
| S2 | 145.99 | -0.689 % | ||
| S3 | 145.57 | -0.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 147.25 | 0.170 % | ||
| Current price | 147.00 | |||
| Support | S1 | 134.05 | -8.81% | |
| S2 | 132.55 | -9.83% | ||
| S3 | 132.40 | -9.93% |
BEI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | Apr 19, 2024 | Apr 23, 2024 | 1.00€ | 0.723% |
| 2 | Apr 14, 2023 | Apr 14, 2023 | Apr 14, 2023 | 0.700€ | 0.580% |
| 3 | Apr 19, 2022 | Apr 19, 2022 | Apr 19, 2022 | 0.700€ | 0.756% |
| 4 | Apr 06, 2021 | Apr 06, 2021 | Apr 06, 2021 | 0.700€ | 0.784% |
| 5 | Mar 03, 2020 | Apr 30, 2020 | May 05, 2020 | 0.700€ | 0.779% |
FAQ
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