Bayerische Motoren Werke AG Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for Bayerische Motoren Werke AG as stock downgraded to Sell Candidate.
(Updated on Jun 28, 2024)
The Bayerische Motoren Werke AG stock price gained 0.304% on the last trading day (Friday, 28th Jun 2024), rising from 82.20€ to 82.45€. During the last trading day the stock fluctuated 1.82% from a day low at 82.20€ to a day high of 83.70€. The price has been going up and down for this period, and there has been a 1.29% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 thousand more shares were traded than the day before. In total, 50 thousand shares were bought and sold for approximately 4.08€ million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -21.73% during the next 3 months and, with a 90% probability hold a price between 60.69€ and 67.58€ 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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BMW3.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.29%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bayerische Motoren Werke AG 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 82.88€ and 87.17€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Bayerische Motoren Werke AG stock
Bayerische Motoren Werke AG finds support from accumulated volume at 82.05€ 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 1.50€ between high and low, or 1.82%. For the last week, the stock has had daily average volatility of 1.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BMW3.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Bayerische Motoren Werke AG to open at 82.78€, and during the day (based on 14 day Average True Range), to move between 80.79€ and 84.11€, which gives a possible trading interval of +/-1.66€ (+/-2.01%) up or down from last closing price. If Bayerische Motoren Werke AG takes out the full calculated possible swing range there will be an estimated 4.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 82.05€ (0.49%) than the resistance at 88.40€ (7.22%), 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 AG stock A Buy?
Bayerische Motoren Werke AG holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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: -2.305 Sell Candidate Downgraded
Predicted Opening Price for Bayerische Motoren Werke AG of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 82.78€ ( 0.404%) | 82.45€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BMW3.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 84.28 | 2.22% |
| R2 | 83.71 | 1.53% |
| R1 | 83.36 | 1.10% |
| Price | 82.45 | |
| S1 | 82.21 | -0.291% |
| S2 | 81.86 | -0.720% |
| S3 | 81.28 | -1.41% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 98.60 | 19.59% |
| R2 | 96.50 | 17.04% |
| R1 | 88.40 | 7.22% |
| Price | 82.45 | |
| S1 | 82.05 | -0.485% |
| S2 | 81.95 | -0.606% |
| S3 | 81.40 | -1.27% |
BMW3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 20, 2024 | 6.02€ | 0% |
| 2 | May 12, 2023 | May 12, 2023 | May 12, 2023 | 8.52€ | 0% |
| 3 | May 12, 2022 | May 12, 2022 | May 12, 2022 | 5.82€ | 0% |
| 4 | May 13, 2021 | May 13, 2021 | May 13, 2021 | 1.92€ | 0% |
| 5 | May 15, 2020 | May 15, 2020 | May 15, 2020 | 2.52€ | 0% |
FAQ
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