Bastei Lübbe AG Stock Forecast
Red day on Friday for Bastei Lübbe AG
(Updated on May 17, 2024)
No changes to the price of Bastei Lübbe AG stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 0.714% from a day low at 7.00€ to a day high of 7.05€. The price has risen in 5 of the last 10 days and is up by 6.87% over the past 2 weeks.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 7.11€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.75% during the next 3 months and, with a 90% probability hold a price between 6.86€ and 7.45€ at the end of this 3-month period.
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BST.DE Signals & Forecast
The Bastei Lübbe AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 6.95€ and 6.66€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -1.41%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Bastei Lübbe AG stock
Bastei Lübbe AG finds support from accumulated volume at 6.80€ 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.0500€ between high and low, or 0.714%. For the last week, the stock has had daily average volatility of 1.59%.
Our recommended stop-loss: 6.71€ (-4.17%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (BST.DE) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Bastei Lübbe AG to open at 7.02€, and during the day (based on 14 day Average True Range), to move between 6.86€ and 7.14€, which gives a possible trading interval of +/-0.138€ (+/-1.97%) up or down from last closing price. If Bastei Lübbe AG takes out the full calculated possible swing range there will be an estimated 3.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 7.05€ (0.71%) than the support at 6.80€ (2.86%), 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 Bastei Lübbe AG stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Bastei Lübbe AG stock to perform well in the short-term.
Current score: 1.842 Buy Candidate Unchanged
Predicted Opening Price for Bastei Lübbe AG of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 7.02€ ( 0.238%) | 7.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BST.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.07 | 0.95 % | |
| R2 | 7.05 | 0.680 % | ||
| R1 | 7.04 | 0.511 % | ||
| Current price: | 7.00 | |||
| Support | S1 | 7.00 | -0.0348 % | |
| S2 | 6.99 | -0.203 % | ||
| S3 | 6.97 | -0.476 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 7.10 | 1.43 % | ||
| R1 | 7.05 | 0.714 % | ||
| Current price | 7.00 | |||
| Support | S1 | 6.80 | -2.86% | |
| S2 | 6.55 | -6.43% | ||
| S3 | 6.45 | -7.86% |
BST Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 15, 2022 | Sep 15, 2022 | Sep 15, 2022 | 0.400€ | 6.85% |
| 2 | Sep 16, 2021 | Sep 16, 2021 | Sep 16, 2021 | 0.0400€ | 0.559% |
| 3 | Dec 01, 2016 | Dec 01, 2016 | Dec 01, 2016 | 0.100€ | 1.80% |
| 4 | Jun 30, 2015 | Sep 17, 2015 | Sep 17, 2015 | 0.300€ | 4.08% |
| 5 | Jun 30, 2014 | Sep 18, 2014 | Sep 18, 2014 | 0.280€ | 3.55% |
FAQ
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