Commerzbank AG Stock Forecast

Red day on Wednesday for Commerzbank AG stock after losing 2.19%
(Updated on May 29, 2024)

CBK.F Signals & Forecast

The Commerzbank AG stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 15.59€. On a fall, the stock will find some support from the long-term average at approximately 14.24€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, May 28, 2024, and so far it has fallen -2.19%. Further fall is indicated until a new bottom pivot has been found. 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 Commerzbank AG stock

On the downside, the stock finds support just below today's level from accumulated volume at 13.88€ and 13.29€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Commerzbank AG finds support just below today's level at 13.88€. If this is broken, then the next support from accumulated volume will be at 13.29€ and 11.93€.

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 0.460€ between high and low, or 3.02%. For the last week, the stock has had daily average volatility of 2.22%.

Our recommended stop-loss: 14.95€ (-2.92%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 30 days ago.)

Trading Expectations (CBK.F) For The Upcoming Trading Day Of Thursday 30th

For the upcoming trading day on Thursday, 30th we expect Commerzbank AG to open at 15.45€, and during the day (based on 14 day Average True Range), to move between 15.04€ and 15.75€, which gives a possible trading interval of +/-0.353€ (+/-2.30%) up or down from last closing price. If Commerzbank AG takes out the full calculated possible swing range there will be an estimated 4.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 15.47€ (0.45%) than the support at 13.88€ (9.84%), 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 Commerzbank AG stock A Buy?

Commerzbank AG holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.074 Hold/Accumulate Unchanged

Predicted Opening Price for Commerzbank AG of Thursday, May 30, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.