Deutsche Boerse AG Stock Forecast
Deutsche Boerse AG stock upgraded to Hold/Accumulate.
(Updated on May 17, 2024)
The Deutsche Boerse AG stock price gained 1.94% on the last trading day (Friday, 17th May 2024), rising from $19.61 to $19.99. It has now gained 3 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 0.754% from a day low at $19.90 to a day high of $20.05. The price has been going up and down for this period, and there has been a 0.76% gain for the last 2 weeks. Volume fell on the last day by -54 thousand shares and in total, 72 thousand shares were bought and sold for approximately $1.45 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.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $20.12 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.50% during the next 3 months and, with a 90% probability hold a price between $17.93 and $19.01 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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DBOEY Signals & Forecast
The Deutsche Boerse AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $19.81 and $19.87. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 09, 2024, and so far it has fallen -1.19%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Deutsche Boerse AG stock
Deutsche Boerse AG finds support from accumulated volume at $19.96 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.150 between high and low, or 0.754%. For the last week the stock has had daily average volatility of 1.10%
Our recommended stop-loss: $19.26 (-3.63%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (DBOEY) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Deutsche Boerse AG to open at $19.98, and during the day (based on 14 day Average True Range), to move between $19.69 and $20.29, which gives a possible trading interval of +/-$0.297 (+/-1.49%) up or down from last closing price. If Deutsche Boerse AG takes out the full calculated possible swing range there will be an estimated 2.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.96 (0.15%) than the resistance at $20.02 (0.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Deutsche Boerse AG stock A Buy?
Deutsche Boerse 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.
Current score: -0.971 Hold/Accumulate Upgraded
Predicted Opening Price for Deutsche Boerse AG of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $19.98 ( 0.0500%) | $19.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DBOEY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.13 | 0.700 % | |
| R2 | 20.07 | 0.414 % | ||
| R1 | 20.04 | 0.237 % | ||
| Current price: | 19.99 | |||
| Support | S1 | 19.92 | -0.337 % | |
| S2 | 19.89 | -0.514 % | ||
| S3 | 19.83 | -0.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.05 | 5.30 % | |
| R2 | 20.69 | 3.50 % | ||
| R1 | 20.02 | 0.150 % | ||
| Current price | 19.99 | |||
| Support | S1 | 19.96 | -0.150% | |
| S2 | 19.66 | -1.65% | ||
| S3 | 19.54 | -2.25% |
DBOEY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | Jun 03, 2024 | $0.262 | 1.31% |
| 2 | May 13, 2023 | May 17, 2023 | Jun 05, 2023 | $0.396 | 2.28% |
| 3 | May 14, 2022 | May 19, 2022 | Jun 07, 2022 | $0.352 | 2.14% |
| 4 | May 15, 2021 | May 20, 2021 | Jun 08, 2021 | $0.354 | 2.15% |
| 5 | May 05, 2020 | May 20, 2020 | Jun 08, 2020 | $0.314 | 1.80% |
FAQ
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