Basler Aktiengesellschaft Stock Forecast
Basler Aktiengesellschaft stock downgraded to Sell Candidate
(Updated on Jun 25, 2024)
The Basler Aktiengesellschaft stock price fell by -3.20% on the last day (Tuesday, 25th Jun 2024) from 11.26€ to 10.90€. During the last trading day the stock fluctuated 3.87% from a day low at 10.84€ to a day high of 11.26€. The price has been going up and down for this period, and there has been a -7.94% loss for the last 2 weeks. 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 -7 thousand shares and in total, 10 thousand shares were bought and sold for approximately 112.56€ thousand.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 10.85€ 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 4.23% during the next 3 months and, with a 90% probability hold a price between 11.31€ and 13.15€ at the end of this 3-month period.
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BSL.DE Signals & Forecast
There are few to no technical positive signals at the moment. The Basler Aktiengesellschaft 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 11.39€ and 11.73€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -12.10%. 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 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.
Support, Risk & Stop-loss for Basler Aktiengesellschaft stock
Basler Aktiengesellschaft finds support from accumulated volume at 10.80€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.420€ between high and low, or 3.87%. For the last week the stock has had daily average volatility of 3.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BSL.DE) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Basler Aktiengesellschaft to open at 11.00€, and during the day (based on 14 day Average True Range), to move between 10.43€ and 11.37€, which gives a possible trading interval of +/-0.469€ (+/-4.31%) up or down from last closing price. If Basler Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 8.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 10.96€ (0.55%) than the support at 10.80€ (0.92%), 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 Basler Aktiengesellschaft stock A Buy?
The Basler Aktiengesellschaft stock holds several negative signals and despite the positive trend, we believe Basler Aktiengesellschaft 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: -3.332 Sell Candidate Downgraded
Predicted Opening Price for Basler Aktiengesellschaft of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 11.00€ ( 0.92%) | 10.90€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSL.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.42 | 4.77% |
| R2 | 11.26 | 3.30% |
| R1 | 11.16 | 2.39% |
| Price | 10.90 | |
| S1 | 10.84 | -0.554% |
| S2 | 10.74 | -1.46% |
| S3 | 10.58 | -2.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.64 | 6.79% |
| R2 | 11.16 | 2.39% |
| R1 | 10.96 | 0.550% |
| Price | 10.90 | |
| S1 | 10.80 | -0.92% |
| S2 | 10.70 | -1.83% |
| S3 | 10.48 | -3.85% |
BSL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2023 | May 30, 2023 | May 30, 2023 | 0.140€ | 0.659% |
| 2 | May 29, 2023 | May 29, 2023 | May 29, 2023 | 0.140€ | 0.651% |
| 3 | May 24, 2022 | May 24, 2022 | May 24, 2022 | 0.207€ | 0.603% |
| 4 | May 20, 2021 | May 20, 2021 | May 20, 2021 | 0.193€ | 0.527% |
| 5 | Mar 30, 2020 | May 27, 2020 | May 29, 2020 | 0.0867€ | 0.518% |
FAQ
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