Brenntag AG, Muehleim/Ruhr Stock Forecast
Brenntag AG, Muehleim/Ruhr stock price down 1.11% on Friday
(Updated on Apr 26, 2024)
The Brenntag AG, Muehleim/Ruhr stock price fell by -1.11% on the last day (Friday, 26th Apr 2024) from $16.16 to $15.98. During the last trading day the stock fluctuated 1.00% from a day low at $15.87 to a day high of $16.03. The price has fallen in 6 of the last 10 days and is down by -1.15% 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 -6 thousand shares and in total, 6 thousand shares were bought and sold for approximately $101.63 thousand.
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 $15.62 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.41% during the next 3 months and, with a 90% probability hold a price between $14.15 and $15.92 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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BNTGY Signals & Forecast
There are mixed signals in the stock today. The Brenntag AG, Muehleim/Ruhr 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 $16.01 and $16.61. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.33%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Brenntag AG, Muehleim/Ruhr stock
Brenntag AG, Muehleim/Ruhr finds support from accumulated volume at $15.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.158 between high and low, or 1.00%. For the last week the stock has had daily average volatility of 1.02%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BNTGY) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Brenntag AG, Muehleim/Ruhr to open at $15.96, and during the day (based on 14 day Average True Range), to move between $15.76 and $16.20, which gives a possible trading interval of +/-$0.218 (+/-1.36%) up or down from last closing price. If Brenntag AG, Muehleim/Ruhr takes out the full calculated possible swing range there will be an estimated 2.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.00 (0.13%) than the support at $15.93 (0.31%), 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 Brenntag AG, Muehleim/Ruhr stock A Buy?
Brenntag AG, Muehleim/Ruhr holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.212 Sell Candidate Unchanged
Predicted Opening Price for Brenntag AG, Muehleim/Ruhr of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $15.96 ( 0.122%) | $15.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BNTGY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.12 | 0.87 % | |
| R2 | 16.06 | 0.491 % | ||
| R1 | 16.02 | 0.257 % | ||
| Current price: | 15.98 | |||
| Support | S1 | 15.90 | -0.500 % | |
| S2 | 15.86 | -0.734 % | ||
| S3 | 15.80 | -1.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.66 | 16.80 % | |
| R2 | 16.17 | 1.16 % | ||
| R1 | 16.00 | 0.125 % | ||
| Current price | 15.98 | |||
| Support | S1 | 15.93 | -0.313% | |
| S2 | 15.91 | -0.438% | ||
| S3 | 15.88 | -0.626% |
BNTGY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 15, 2023 | Jun 15, 2023 | Jul 05, 2023 | $0.431 | 2.85% |
| 2 | Jun 10, 2022 | Jun 10, 2022 | Jun 29, 2022 | $0.306 | 2.37% |
| 3 | May 24, 2021 | Jun 11, 2021 | Jun 30, 2021 | $0.330 | 1.77% |
| 4 | Jun 11, 2020 | Jun 11, 2020 | Jun 30, 2020 | $0.281 | 2.68% |
| 5 | Jun 14, 2019 | Jun 14, 2019 | Jul 03, 2019 | $0.270 | 2.72% |
FAQ
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