Deutsche Boerse AG Stock Forecast
Deutsche Boerse AG stock upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on May 31, 2024)
The Deutsche Boerse AG stock price gained 2.42% on the last trading day (Friday, 31st May 2024), rising from $19.39 to $19.86. During the last trading day the stock fluctuated 0.659% from a day low at $19.73 to a day high of $19.86. The price has been going up and down for this period, and there has been a 1.27% gain for the last 2 weeks. Volume fell on the last day by -20 thousand shares and in total, 61 thousand shares were bought and sold for approximately $1.22 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 $19.97 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 -5.05% during the next 3 months and, with a 90% probability hold a price between $17.89 and $18.96 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 $19.62 and $19.75. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 3.71%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
A buy signal from a double bottom formation was found on Wednesday, May 29, 2024 and based on theory for this formation the price should go up by 3.55% to $20.56 within 19 trading days since signal was issued (Monday, June 03, 2024).
Support, Risk & Stop-loss for Deutsche Boerse AG stock
Deutsche Boerse AG finds support from accumulated volume at $19.83 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 $0.130 between high and low, or 0.659%. For the last week the stock has had daily average volatility of 0.96%
Our recommended stop-loss: $18.82 (-5.23%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (DBOEY) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Deutsche Boerse AG to open at $19.82, and during the day (based on 14 day Average True Range), to move between $19.57 and $20.15, which gives a possible trading interval of +/-$0.292 (+/-1.47%) up or down from last closing price. If Deutsche Boerse AG takes out the full calculated possible swing range there will be an estimated 2.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.83 (0.15%) than the resistance at $20.02 (0.81%), 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.151 Buy Candidate Upgraded
Predicted Opening Price for Deutsche Boerse AG of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $19.82 ( 0.218%) | $19.86 |
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 | 19.95 | 0.436 % | |
| R2 | 19.90 | 0.186 % | ||
| R1 | 19.87 | 0.0319 % | ||
| Current price: | 19.86 | |||
| Support | S1 | 19.77 | -0.468 % | |
| S2 | 19.74 | -0.623 % | ||
| S3 | 19.69 | -0.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.05 | 5.99 % | |
| R2 | 20.69 | 4.18 % | ||
| R1 | 20.02 | 0.81 % | ||
| Current price | 19.86 | |||
| Support | S1 | 19.83 | -0.151% | |
| S2 | 19.66 | -1.01% | ||
| S3 | 19.54 | -1.61% |
DBOEY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | Jun 03, 2024 | $0.262 | 1.32% |
| 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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