Deutsche EuroShop AG 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
Deutsche EuroShop AG stock price up 2.49% on Friday
(Updated on May 31, 2024)
The Deutsche EuroShop AG stock price gained 2.49% on the last trading day (Friday, 31st May 2024), rising from 20.10€ to 20.60€. 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 3.24% from a day low at 20.05€ to a day high of 20.70€. The price has risen in 7 of the last 10 days and is up by 10.28% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 35 thousand shares were bought and sold for approximately 719.08€ thousand.
The stock has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. 19.30€ is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach 19.96€ sometime during the next 3 months.
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DEQ.DE Signals & Forecast
The Deutsche EuroShop AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 19.43€ and 18.98€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 24, 2024, and so far it has risen 10.16%. 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). Deutsche EuroShop AG has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Deutsche EuroShop AG stock
On the downside, the stock finds support just below today's level from accumulated volume at 19.00€ and 18.92€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Deutsche EuroShop AG finds support just below today's level at 19.00€. If this is broken, then the next support from accumulated volume will be at 18.92€ and 18.70€.
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 0.650€ (3.24%) between high and low. For the last week, the stock has had daily average volatility of 3.65%.
The Deutsche EuroShop AG stock is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: 19.89€ (-3.46%) (This stock has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (DEQ.DE) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Deutsche EuroShop AG to open at 20.45€, and during the day (based on 14 day Average True Range), to move between 20.19€ and 21.01€, which gives a possible trading interval of +/-0.408€ (+/-1.98%) up or down from last closing price. If Deutsche EuroShop AG takes out the full calculated possible swing range there will be an estimated 3.96% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 19.00€, some 1.60€ (7.77%) from the current price of 20.60€, our system finds the risk reward attractive.
Is Deutsche EuroShop AG stock A Buy?
Deutsche EuroShop 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Deutsche EuroShop AG of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 20.45€ ( 0.728%) | 20.60€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DEQ.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.10 | 2.43 % | |
| R2 | 20.85 | 1.22 % | ||
| R1 | 20.70 | 0.477 % | ||
| Current price: | 20.60 | |||
| Support | S1 | 20.20 | -1.93 % | |
| S2 | 20.05 | -2.68 % | ||
| S3 | 19.80 | -3.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 20.60 | |||
| Support | S1 | 19.00 | -7.77% | |
| S2 | 18.92 | -8.16% | ||
| S3 | 18.70 | -9.22% |
DEQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 30, 2024 | Aug 30, 2024 | Sep 03, 2024 | 0.80€ | 3.95% |
| 2 | Jan 09, 2024 | Jan 09, 2024 | Jan 09, 2024 | 0€ | 0% |
| 3 | Aug 31, 2022 | Aug 31, 2022 | Aug 31, 2022 | 0.99€ | 4.18% |
| 4 | Jun 24, 2022 | Jun 24, 2022 | Jun 24, 2022 | 1.00€ | 4.54% |
| 5 | Jun 21, 2021 | Jun 21, 2021 | Jun 21, 2021 | 0.0397€ | 0.192% |
FAQ
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