Continental 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
Green day on Friday for Continental Aktiengesellschaft stock after gaining 0.97%
(Updated on May 31, 2024)
The Continental Aktiengesellschaft stock price gained 0.97% on the last trading day (Friday, 31st May 2024), rising from 61.64€ to 62.24€. During the last trading day the stock fluctuated 1.17% from a day low at 61.52€ to a day high of 62.24€. The price has fallen in 6 of the last 10 days and is down by -0.1% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 379 thousand more shares were traded than the day before. In total, 749 thousand shares were bought and sold for approximately 46.62€ million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.46% during the next 3 months and, with a 90% probability hold a price between 50.20€ and 54.86€ 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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CON.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 2.71%. 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). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Continental 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 62.29€. On a fall, the stock will find some support from the short-term average at 61.50€. 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.
Support, Risk & Stop-loss for Continental Aktiengesellschaft stock
Continental Aktiengesellschaft finds support from accumulated volume at 61.90€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.720€ between high and low, or 1.17%. For the last week the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: 58.59€ (-5.87%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (CON.DE) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Continental Aktiengesellschaft to open at 62.00€, and during the day (based on 14 day Average True Range), to move between 61.06€ and 63.42€, which gives a possible trading interval of +/-1.18€ (+/-1.90%) up or down from last closing price. If Continental Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 3.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 61.90€ (0.55%) than the resistance at 66.32€ (6.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Continental Aktiengesellschaft stock A Buy?
Continental Aktiengesellschaft 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: -0.726 Hold/Accumulate Unchanged
Predicted Opening Price for Continental Aktiengesellschaft of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 62.00€ ( 0.386%) | 62.24€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CON.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 62.72 | 0.771 % | |
| R2 | 62.44 | 0.329 % | ||
| R1 | 62.28 | 0.0563 % | ||
| Current price: | 62.24 | |||
| Support | S1 | 61.72 | -0.83 % | |
| S2 | 61.56 | -1.10 % | ||
| S3 | 61.28 | -1.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 67.58 | 8.58 % | |
| R2 | 66.62 | 7.04 % | ||
| R1 | 66.32 | 6.56 % | ||
| Current price | 62.24 | |||
| Support | S1 | 61.90 | -0.546% | |
| S2 | 61.62 | -1.00% | ||
| S3 | 60.60 | -2.63% |
CON Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | Apr 29, 2024 | 0€ | 0% |
| 2 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | 1.50€ | 2.35% |
| 3 | May 02, 2022 | May 02, 2022 | May 02, 2022 | 2.20€ | 3.52% |
| 4 | Mar 05, 2020 | Jul 15, 2020 | Jul 17, 2020 | 3.00€ | 3.83% |
| 5 | May 04, 2020 | May 04, 2020 | May 04, 2020 | 4.00€ | 6.08% |
FAQ
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