Brenntag AG Stock Forecast
Weaker technical forecast for Brenntag AG as stock downgraded to Sell Candidate.
(Updated on Mar 28, 2024)
The Brenntag AG stock price fell by -1.06% on the last day (Thursday, 28th Mar 2024) from 78.92€ to 78.08€. During the last trading day the stock fluctuated 1.41% from a day low at 77.98€ to a day high of 79.08€. The price has been going up and down for this period, and there has been a -1.14% loss for the last 2 weeks. Volume has increased on the last day by 58 thousand 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, 306 thousand shares were bought and sold for approximately 23.92€ million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 77.43€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.37% during the next 3 months and, with a 90% probability hold a price between 75.59€ and 83.22€ at the end of this 3-month period.
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BNR.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 0.103%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Brenntag 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 78.76€ and 80.74€. 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). 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 Brenntag AG stock
Brenntag AG finds support from accumulated volume at 78.00€ 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 1.10€ between high and low, or 1.41%. For the last week, the stock has had daily average volatility of 1.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BNR.DE) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Brenntag AG to open at 78.38€, and during the day (based on 14 day Average True Range), to move between 76.76€ and 79.40€, which gives a possible trading interval of +/-1.32€ (+/-1.69%) up or down from last closing price. If Brenntag AG takes out the full calculated possible swing range there will be an estimated 3.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 78.00€ (0.10%) than the resistance at 80.32€ (2.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Brenntag AG stock A Buy?
Brenntag 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: -2.921 Sell Candidate Downgraded
Predicted Opening Price for Brenntag AG of Tuesday, April 2, 2024
Fair opening price April 2, 2024 | Current price |
---|---|
78.38€ ( 0.384%) | 78.08€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BNR.DE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 79.48 | 1.79 % | |
R2 | 79.06 | 1.25 % | ||
R1 | 78.80 | 0.92 % | ||
Current price: | 78.08 | |||
Support | S1 | 77.96 | -0.154 % | |
S2 | 77.70 | -0.486 % | ||
S3 | 77.28 | -1.02 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 84.38 | 8.07 % | |
R2 | 80.50 | 3.10 % | ||
R1 | 80.32 | 2.87 % | ||
Current price | 78.08 | |||
Support | S1 | 78.00 | -0.102% | |
S2 | 0 | . | ||
S3 | 0 | . |
BNR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 24, 2024 | May 24, 2024 | May 24, 2024 | 0€ | 0% |
2 | Jun 16, 2023 | Jun 16, 2023 | Jun 16, 2023 | 2.00€ | 2.77% |
3 | Jun 10, 2022 | Jun 10, 2022 | Jun 10, 2022 | 1.45€ | 2.10% |
4 | Jun 11, 2021 | Jun 11, 2021 | Jun 11, 2021 | 1.35€ | 1.78% |
5 | Mar 04, 2020 | Jun 11, 2020 | Jun 15, 2020 | 1.25€ | 2.77% |
FAQ
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