Beiersdorf Aktiengesellschaft Stock Forecast
Beiersdorf Aktiengesellschaft stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Apr 30, 2024)
The Beiersdorf Aktiengesellschaft stock price gained 0.789% on the last trading day (Tuesday, 30th Apr 2024), rising from 139.45€ to 140.55€. During the last trading day the stock fluctuated 1.00% from a day low at 139.55€ to a day high of 140.95€. The price has risen in 9 of the last 10 days and is up by 5.01% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 36 thousand more shares were traded than the day before. In total, 285 thousand shares were bought and sold for approximately 40.10€ million.
Given the current short-term trend, the stock is expected to fall -2.85% during the next 3 months and, with a 90% probability hold a price between 124.55€ and 136.55€ 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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BEI.F Signals & Forecast
Mostly positive signals in the chart today. 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 138.88€ and 134.26€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 09, 2024, and so far it has risen 8.78%. 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). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Friday, September 08, 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 Friday, September 08, 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 Beiersdorf Aktiengesellschaft stock
Beiersdorf Aktiengesellschaft finds support from accumulated volume at 139.05€ 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 1.40€ between high and low, or 1.00%. For the last week, the stock has had daily average volatility of 1.31%.
The Beiersdorf Aktiengesellschaft stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: 134.53€ (-4.28%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 92 and this increases the risk substantially. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (BEI.F) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Beiersdorf Aktiengesellschaft to open at 140.35€, and during the day (based on 14 day Average True Range), to move between 138.62€ and 142.48€, which gives a possible trading interval of +/-1.93€ (+/-1.37%) up or down from last closing price. If Beiersdorf Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 2.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 140.60€ (0.04%) than the support at 139.05€ (1.07%), 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.378 Buy Candidate Upgraded
Predicted Opening Price for Beiersdorf Aktiengesellschaft of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| 140.35€ ( 0.142%) | 140.55€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BEI.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 141.75 | 0.85 % | |
| R2 | 141.22 | 0.473 % | ||
| R1 | 140.88 | 0.238 % | ||
| Current price: | 140.55 | |||
| Support | S1 | 139.82 | -0.523 % | |
| S2 | 139.48 | -0.758 % | ||
| S3 | 138.95 | -1.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 141.70 | 0.82 % | |
| R2 | 140.95 | 0.285 % | ||
| R1 | 140.60 | 0.0356 % | ||
| Current price | 140.55 | |||
| Support | S1 | 139.05 | -1.07% | |
| S2 | 132.55 | -5.69% | ||
| S3 | 132.40 | -5.80% |
BEI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | Apr 19, 2024 | Apr 23, 2024 | 1.00€ | 0% |
| 2 | Apr 14, 2023 | Apr 14, 2023 | Apr 14, 2023 | 0.700€ | 0% |
| 3 | Apr 19, 2022 | Apr 19, 2022 | Apr 19, 2022 | 0.700€ | 0% |
| 4 | Apr 06, 2021 | Apr 06, 2021 | Apr 06, 2021 | 0.700€ | 0% |
| 5 | Mar 03, 2020 | Apr 30, 2020 | May 05, 2020 | 0.700€ | 0% |
FAQ
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