Bayerische Motoren Werke Stock Forecast
Weaker technical forecast for Bayerische Motoren Werke as stock downgraded to Sell Candidate.
(Updated on Apr 18, 2024)
The Bayerische Motoren Werke stock price gained 0.608% on the last trading day (Thursday, 18th Apr 2024), rising from 98.65€ to 99.25€. During the last trading day the stock fluctuated 1.17% from a day low at 98.55€ to a day high of 99.70€. The price has fallen in 6 of the last 10 days and is down by -5.83% for this period. Volume fell on the last day by -1 thousand shares and in total, 46 thousand shares were bought and sold for approximately 4.54€ 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 lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 98.87€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 14.61% during the next 3 months and, with a 90% probability hold a price between 113.32€ and 123.34€ at the end of this 3-month period.
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BMW3.DE Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. 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. 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 100.64€ and 100.98€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -5.83%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Bayerische Motoren Werke stock
Bayerische Motoren Werke finds support from accumulated volume at 98.70€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 1.15€ (1.17%) between high and low. For the last week, the stock has had daily average volatility of 1.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BMW3.DE) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Bayerische Motoren Werke Aktiengesellschaft to open at 99.17€, and during the day (based on 14 day Average True Range), to move between 97.15€ and 101.35€, which gives a possible trading interval of +/-2.10€ (+/-2.12%) 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 4.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 99.55€ (0.30%) than the support at 98.70€ (0.55%), 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 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. 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: -3.056 Sell Candidate Downgraded
Predicted Opening Price for Bayerische Motoren Werke Aktiengesellschaft of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| 99.17€ ( 0.0840%) | 99.25€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BMW3.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 100.32 | 1.07 % | |
| R2 | 99.88 | 0.632 % | ||
| R1 | 99.61 | 0.359 % | ||
| Current price: | 99.25 | |||
| Support | S1 | 98.73 | -0.527 % | |
| S2 | 98.46 | -0.80 % | ||
| S3 | 98.02 | -1.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 102.20 | 2.97 % | |
| R2 | 101.30 | 2.07 % | ||
| R1 | 99.55 | 0.302 % | ||
| Current price | 99.25 | |||
| Support | S1 | 98.70 | -0.554% | |
| S2 | 91.10 | -8.21% | ||
| S3 | 90.75 | -8.56% |
BMW3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 20, 2024 | 6.02€ | 6.09% |
| 2 | May 12, 2023 | May 12, 2023 | May 12, 2023 | 8.52€ | 9.01% |
| 3 | May 12, 2022 | May 12, 2022 | May 12, 2022 | 5.82€ | 8.55% |
| 4 | May 13, 2021 | May 13, 2021 | May 13, 2021 | 1.92€ | 2.77% |
| 5 | May 15, 2020 | May 15, 2020 | May 15, 2020 | 2.52€ | 6.54% |
FAQ
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