Bayerische Motoren Werke Stock Forecast
Bayerische Motoren Werke stock price down 0.470% on Wednesday
(Updated on Apr 17, 2024)
The Bayerische Motoren Werke stock price fell by -0.470% on the last day (Wednesday, 17th Apr 2024) from 106.45€ to 105.95€. During the last trading day the stock fluctuated 1.47% from a day low at 105.70€ to a day high of 107.25€. The price has fallen in 6 of the last 10 days and is down by -5.27% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -692 thousand shares and in total, 665 thousand shares were bought and sold for approximately 70.45€ million.
Given the current short-term trend, the stock is expected to rise 17.62% during the next 3 months and, with a 90% probability hold a price between 124.62€ and 137.29€ at the end of this 3-month period.
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BMW.DE Signals & Forecast
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 Bayerische Motoren Werke stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 109.84€ and 108.47€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -7.67%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Bayerische Motoren Werke stock
Bayerische Motoren Werke finds support from accumulated volume at 105.68€ 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 1.55€ between high and low, or 1.47%. For the last week, the stock has had daily average volatility of 2.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BMW.DE) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Bayerische Motoren Werke Aktiengesellschaft to open at 106.30€, and during the day (based on 14 day Average True Range), to move between 103.45€ and 108.45€, which gives a possible trading interval of +/-2.50€ (+/-2.36%) up or down from last closing price. If Bayerische Motoren Werke Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 4.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 105.68€ (0.25%) than the resistance at 106.96€ (0.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bayerische Motoren Werke Aktiengesellschaft stock A Buy?
The Bayerische Motoren Werke stock holds several negative signals and despite the positive trend, we believe Bayerische Motoren Werke will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.998 Sell Candidate Unchanged
Predicted Opening Price for Bayerische Motoren Werke Aktiengesellschaft of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| 106.30€ ( 0.330%) | 105.95€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BMW.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 107.85 | 1.79 % | |
| R2 | 107.26 | 1.23 % | ||
| R1 | 106.89 | 0.89 % | ||
| Current price: | 105.95 | |||
| Support | S1 | 105.71 | -0.229 % | |
| S2 | 105.34 | -0.574 % | ||
| S3 | 104.75 | -1.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 114.70 | 8.26 % | |
| R2 | 111.85 | 5.57 % | ||
| R1 | 106.96 | 0.95 % | ||
| Current price | 105.95 | |||
| Support | S1 | 105.68 | -0.255% | |
| S2 | 105.20 | -0.708% | ||
| S3 | 104.80 | -1.09% |
BMW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 16, 2024 | 0€ | 0% |
| 2 | May 12, 2023 | May 12, 2023 | May 12, 2023 | 8.50€ | 8.53% |
| 3 | May 12, 2022 | May 12, 2022 | May 12, 2022 | 5.80€ | 7.64% |
| 4 | May 13, 2021 | May 13, 2021 | May 13, 2021 | 1.90€ | 2.33% |
| 5 | Mar 18, 2020 | May 15, 2020 | May 19, 2020 | 2.50€ | 5.02% |
FAQ
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