BayWa Aktiengesellschaft 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
BayWa Aktiengesellschaft stock price up 4.89% on Friday
(Updated on Jun 14, 2024)
The BayWa Aktiengesellschaft stock price gained 4.89% on the last trading day (Friday, 14th Jun 2024), rising from 30.70€ to 32.20€. During the last trading day the stock fluctuated 0.94% from a day low at 31.90€ to a day high of 32.20€. The price has been going up and down for this period, and there has been a 0.94% 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, 290 more shares were traded than the day before. In total, 300 shares were bought and sold for approximately 9.66€ thousand.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect BayWa Aktiengesellschaft stock with a 90% probability to be traded between 27.36€ and 34.80€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BYW.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 4.89%. Further rise is indicated until a new top pivot has been found. BayWa Aktiengesellschaft has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. 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. The BayWa Aktiengesellschaft stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 32.42€. On a fall, the stock will find some support from the short-term average at 31.47€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for BayWa Aktiengesellschaft stock
BayWa Aktiengesellschaft finds support from accumulated volume at 31.40€ 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 0.300€ between high and low, or 0.94%. For the last week, the stock has had daily average volatility of 1.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BYW.DE) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect BayWa Aktiengesellschaft to open at 32.10€, and during the day (based on 14 day Average True Range), to move between 31.01€ and 33.39€, which gives a possible trading interval of +/-1.19€ (+/-3.68%) up or down from last closing price. If BayWa Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 7.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 32.90€ (2.17%) than the support at 31.40€ (2.48%), 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 BayWa Aktiengesellschaft stock A Buy?
BayWa Aktiengesellschaft 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: -2.583 Sell Candidate Unchanged
Predicted Opening Price for BayWa Aktiengesellschaft of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| 32.10€ ( 0.311%) | 32.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BYW.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.40 | 0.621% |
| R2 | 32.29 | 0.265% |
| R1 | 32.21 | 0.0453% |
| Price | 32.20 | |
| S1 | 31.99 | -0.666% |
| S2 | 31.91 | -0.89% |
| S3 | 31.80 | -1.24% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.80 | 4.97% |
| R2 | 33.00 | 2.48% |
| R1 | 32.90 | 2.17% |
| Price | 32.20 | |
| S1 | 31.40 | -2.48% |
| S2 | 31.00 | -3.73% |
| S3 | 30.70 | -4.66% |
BYW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2023 | Jun 07, 2023 | Jun 07, 2023 | 0.100€ | 0.185% |
| 2 | May 25, 2022 | May 25, 2022 | May 25, 2022 | 1.05€ | 1.66% |
| 3 | May 12, 2021 | May 12, 2021 | May 12, 2021 | 1.00€ | 2.05% |
| 4 | Jul 29, 2020 | Jul 29, 2020 | Jul 29, 2020 | 0.95€ | 3.15% |
| 5 | May 29, 2019 | May 29, 2019 | May 29, 2019 | 0.90€ | 2.57% |
FAQ
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