Bayerische Motoren Werke Stock Forecast
Bayerische Motoren Werke stock price ended at 102.45€ on Tuesday, after losing 4.07%.
(Updated on Apr 30, 2024)
The Bayerische Motoren Werke stock price fell by -4.07% on the last day (Tuesday, 30th Apr 2024) from 106.80€ to 102.45€. During the last trading day the stock fluctuated 4.77% from a day low at 101.75€ to a day high of 106.60€. The price has risen in 5 of the last 10 days but is still down by -3.76% for this period. Volume has increased on the last day by 1 million 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, 2 million shares were bought and sold for approximately 203.55€ million.
Given the current short-term trend, the stock is expected to rise 7.75% during the next 3 months and, with a 90% probability hold a price between 110.39€ and 125.98€ at the end of this 3-month period.
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BMW.DE Signals & Forecast
There are few to no technical positive signals at the moment. The Bayerische Motoren Werke 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 105.65€ and 107.77€. 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 -10.72%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Bayerische Motoren Werke stock
Bayerische Motoren Werke finds support from accumulated volume at 101.96€ 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 4.85€ between high and low, or 4.77%. For the last week, the stock has had daily average volatility of 2.31%.
Bayerische Motoren Werke is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
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 2nd
For the upcoming trading day on Thursday, 2nd we expect Bayerische Motoren Werke Aktiengesellschaft to open at 103.60€, and during the day (based on 14 day Average True Range), to move between 100.01€ and 104.89€, which gives a possible trading interval of +/-2.44€ (+/-2.38%) 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 4.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 101.96€ (0.48%) than the resistance at 105.20€ (2.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Bayerische Motoren Werke Aktiengesellschaft will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $4.08. We will update the financials statements for Bayerische Motoren Werke Aktiengesellschaft, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.18% in the first trading day after earnings release.
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: -2.535 Sell Candidate Unchanged
Predicted Opening Price for Bayerische Motoren Werke Aktiengesellschaft of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| 103.60€ ( 1.12%) | 102.45€ |
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 | 108.45 | 5.86 % | |
| R2 | 106.60 | 4.05 % | ||
| R1 | 105.45 | 2.93 % | ||
| Current price: | 102.45 | |||
| Support | S1 | 101.75 | -0.686 % | |
| S2 | 100.60 | -1.80 % | ||
| S3 | 98.75 | -3.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 106.45 | 3.90 % | |
| R2 | 105.68 | 3.15 % | ||
| R1 | 105.20 | 2.68 % | ||
| Current price | 102.45 | |||
| Support | S1 | 101.96 | -0.478% | |
| S2 | 99.14 | -3.23% | ||
| S3 | 96.78 | -5.53% |
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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