DEUTZ Aktiengesellschaft Stock Forecast
DEUTZ Aktiengesellschaft stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on May 07, 2024)
The DEUTZ Aktiengesellschaft stock price gained 0.461% on the last trading day (Tuesday, 7th May 2024), rising from 5.42€ to 5.45€. During the last trading day the stock fluctuated 1.39% from a day low at 5.40€ to a day high of 5.48€. The price has been going up and down for this period, and there has been a -2.68% loss for the last 2 weeks. Volume fell on the last day by -75 thousand shares and in total, 182 thousand shares were bought and sold for approximately 990.73€ thousand. 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 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 DEUTZ Aktiengesellschaft stock with a 90% probability to be traded between 5.24€ and 6.28€ 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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DEZ.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 2.45%. 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. The DEUTZ Aktiengesellschaft stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 5.49€ and 5.79€. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for DEUTZ Aktiengesellschaft stock
DEUTZ Aktiengesellschaft finds support from accumulated volume at 5.42€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.0750€ between high and low, or 1.39%. For the last week the stock has had daily average volatility of 3.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DEZ.DE) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect DEUTZ Aktiengesellschaft to open at 5.44€, and during the day (based on 14 day Average True Range), to move between 5.25€ and 5.64€, which gives a possible trading interval of +/-0.193€ (+/-3.55%) up or down from last closing price. If DEUTZ Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 7.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 5.42€ (0.46%) than the resistance at 5.57€ (2.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DEUTZ Aktiengesellschaft stock A Buy?
DEUTZ Aktiengesellschaft holds several negative signals and is within a wide and falling trend, so we believe 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: -1.105 Sell Candidate Downgraded
Predicted Opening Price for DEUTZ Aktiengesellschaft of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| 5.44€ ( 0.0918%) | 5.45€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DEZ.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.52 | 1.29 % | |
| R2 | 5.49 | 0.759 % | ||
| R1 | 5.47 | 0.434 % | ||
| Current price: | 5.45 | |||
| Support | S1 | 5.41 | -0.618 % | |
| S2 | 5.39 | -0.94 % | ||
| S3 | 5.37 | -1.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.04 | 10.84 % | |
| R2 | 5.84 | 7.16 % | ||
| R1 | 5.57 | 2.20 % | ||
| Current price | 5.45 | |||
| Support | S1 | 5.42 | -0.459% | |
| S2 | 5.35 | -1.74% | ||
| S3 | 5.22 | -4.22% |
DEZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 13, 2024 | 0.170€ | 3.12% |
| 2 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | 0.150€ | 2.50% |
| 3 | Apr 29, 2022 | Apr 29, 2022 | Apr 29, 2022 | 0.150€ | 3.52% |
| 4 | May 15, 2020 | May 15, 2020 | May 15, 2020 | 0.150€ | 4.26% |
| 5 | Mar 14, 2019 | May 02, 2019 | May 06, 2019 | 0.150€ | 1.74% |
FAQ
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