CEWE Stiftung & Co. KGaA 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
CEWE Stiftung & Co. KGaA stock downgraded from Buy Candidate to Sell Candidate after Thursday trading session.
(Updated on May 23, 2024)
The CEWE Stiftung & Co. KGaA stock price fell by -1.15% on the last day (Thursday, 23rd May 2024) from 104.20€ to 103.00€. During the last trading day the stock fluctuated 2.72% from a day low at 103.00€ to a day high of 105.80€. The price has risen in 4 of the last 10 days and is up by 3% over the past 2 weeks. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 thousand shares were bought and sold for approximately 513.46€ thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect CEWE Stiftung & Co. KGaA stock with a 90% probability to be traded between 93.06€ and 103.66€ 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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CWC.F Signals & Forecast
The CEWE Stiftung & Co. KGaA 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 103.46€. On a fall, the stock will find some support from the long-term average at approximately 101.11€. 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 Monday, May 20, 2024, and so far it has fallen -2.46%. Further fall is indicated until a new bottom pivot has been found. CEWE Stiftung & Co. KGaA gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The stock had a Golden Star Signal on Monday, March 18, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, March 18, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for CEWE Stiftung & Co. KGaA stock
CEWE Stiftung & Co. KGaA finds support from accumulated volume at 102.80€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 2.80€ (2.72%) between high and low. For the last week, the stock has had daily average volatility of 2.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CWC.F) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect CEWE Stiftung & Co. KGaA to open at 103.93€, and during the day (based on 14 day Average True Range), to move between 101.08€ and 104.92€, which gives a possible trading interval of +/-1.92€ (+/-1.87%) up or down from last closing price. If CEWE Stiftung & Co. KGaA takes out the full calculated possible swing range there will be an estimated 3.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 102.80€ (0.19%) than the resistance at 103.60€ (0.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CEWE Stiftung & Co. KGaA stock A Buy?
CEWE Stiftung & Co. KGaA 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 Buy to a Sell candidate.
Current score: -1.614 Sell Candidate Downgraded
Predicted Opening Price for CEWE Stiftung & Co. KGaA of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| 103.93€ ( 0.91%) | 103.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CWC.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 106.73 | 3.62 % | |
| R2 | 105.66 | 2.59 % | ||
| R1 | 105.00 | 1.94 % | ||
| Current price: | 103.00 | |||
| Support | S1 | 102.86 | -0.132 % | |
| S2 | 102.20 | -0.774 % | ||
| S3 | 101.13 | -1.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 104.20 | 1.17 % | |
| R2 | 104.00 | 0.97 % | ||
| R1 | 103.60 | 0.583 % | ||
| Current price | 103.00 | |||
| Support | S1 | 102.80 | -0.194% | |
| S2 | 102.00 | -0.97% | ||
| S3 | 100.00 | -2.91% |
CWC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2024 | Jun 06, 2024 | Jun 06, 2024 | 0€ | 0% |
| 2 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | 2.45€ | 0% |
| 3 | Jun 16, 2022 | Jun 16, 2022 | Jun 16, 2022 | 2.35€ | 0% |
| 4 | Jun 10, 2021 | Jun 10, 2021 | Jun 10, 2021 | 2.30€ | 0% |
| 5 | Oct 07, 2020 | Oct 07, 2020 | Oct 07, 2020 | 2.00€ | 0% |
FAQ
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