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AI Analysis of CON.F
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Continental Aktiengesellschaft stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on May 16, 2024)

Sell candidate since May 16, 2024 PDF

The Continental Aktiengesellschaft stock price gained 0.575% on the last trading day (Thursday, 16th May 2024), rising from 62.60€ to 62.96€. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.57% from a day low at 62.40€ to a day high of 63.38€. The price has risen in 8 of the last 10 days and is up by 2.88% over the past 2 weeks. Volume fell on the last day by -240 thousand shares and in total, 291 thousand shares were bought and sold for approximately 18.32€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

Given the current short-term trend, the stock is expected to fall -18.12% during the next 3 months and, with a 90% probability hold a price between 48.67€ and 51.55€ 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.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 3.89%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 63.77€. On a fall, the stock will find some support from the short-term average at 61.83€. 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 62.94€ 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 0.98€ between high and low, or 1.57%. For the last week the stock has had daily average volatility of 1.68%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CON.F) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect Continental Aktiengesellschaft to open at 62.91€, and during the day (based on 14 day Average True Range), to move between 61.61€ and 64.31€, which gives a possible trading interval of +/-1.35€ (+/-2.14%) up or down from last closing price. If Continental Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 4.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 62.94€ (0.03%) than the resistance at 66.32€ (5.34%), 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 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. 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: -1.596 Sell Candidate Downgraded

Predicted Opening Price for Continental Aktiengesellschaft of Friday, May 17, 2024

Fair opening price May 17, 2024 Current price
62.91€ ( 0.0741%) 62.96€

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

Trading levels for CON.F

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 63.89 1.48 %
R2 63.52 0.89 %
R1 63.29 0.520 %
Current price: 62.96
Support S1 62.54 -0.669 %
S2 62.31 -1.04 %
S3 61.93 -1.63 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 74.08 17.66 %
R2 66.62 5.81 %
R1 66.32 5.34 %
Current price 62.96
Support S1 62.94 -0.0318%
S2 62.36 -0.95%
S3 61.90 -1.68%

CON Dividend Payout History


# Declaration Date 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€ 0%
3 May 02, 2022 May 02, 2022 May 02, 2022 2.20€ 0%
4 Mar 05, 2020 Jul 15, 2020 Jul 17, 2020 3.00€ 0%
5 May 04, 2020 May 04, 2020 May 04, 2020 4.00€ 0%

FAQ

What is the symbol for Continental Aktiengesellschaft Stock and on which exchange is it traded?
The symbol for Continental Aktiengesellschaft is CON.F and it is traded on the FRA (Frankfurt Stock Exchange).

Should I buy or sell Continental Aktiengesellschaft Stock?
Continental 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. 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.

How to buy Continental Aktiengesellschaft Stock?
Continental Aktiengesellschaft Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Continental Aktiengesellschaft Stock.

What's the current price of Continental Aktiengesellschaft Stock?
As of the end of day on the May 16, 2024, the price of an Continental Aktiengesellschaft (CON.F) share was 62.96€.

What is the 52-week high and low for Continental Aktiengesellschaft Stock?
The 52-week high for Continental Aktiengesellschaft Stock is 78.40€ and the 52-week low is 58.20€.

What is the market capitalization of Continental Aktiengesellschaft Stock?
As of the May 16, 2024, the market capitalization of Continental Aktiengesellschaft is 12.52B.

When is the next earnings date for Continental Aktiengesellschaft?
The upcoming earnings date for Continental Aktiengesellschaft is Aug 07, 2024.
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About Continental Aktiengesellschaft

Continental Aktiengesellschaft Continental Aktiengesellschaft, a technology company, offers intelligent solutions for vehicles, machines, traffic, and transportation worldwide. It operates through four sectors: Automotive, Tires, ContiTech, and Contract Manufacturing. The company offers safety, brake, chassis, motion, and motion control systems; solutions for assisted and automated driving; and audio and camera solutions for the vehicle interior, as well as intelligent informa... CON.F Profile

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