Deutsche Konsum REIT AG ETF Forecast
Stronger technical forecast for Deutsche Konsum REIT AG ETF price after Thursday trading.
(Updated on Jun 27, 2024)
The Deutsche Konsum REIT AG ETF price gained 1.47% on the last trading day (Thursday, 27th Jun 2024), rising from 2.72€ to 2.76€. During the last trading day the ETF fluctuated 0.362% from a day low at 2.76€ to a day high of 2.77€. The price has fallen in 7 of the last 10 days and is down by -6.76% for this period. Volume fell on the last day by -6 thousand shares and in total, 166 shares were bought and sold for approximately 458.16€ . 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 ETF 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 Deutsche Konsum REIT AG ETF with a 90% probability to be traded between 2.50€ and 3.03€ 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 ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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DKG.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 2.60%. 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 Deutsche Konsum REIT AG ETF 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 2.78€ and 2.91€. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Deutsche Konsum REIT AG ETF
Deutsche Konsum REIT AG finds support from accumulated volume at 2.75€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved 0.0100€ between high and low, or 0.362%. For the last week the ETF has had daily average volatility of 7.39%.
Our recommended stop-loss: 2.60€ (-5.80%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (DKG.F) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Deutsche Konsum REIT AG to open at 2.76€, and during the day (based on 14 day Average True Range), to move between 2.63€ and 2.89€, which gives a possible trading interval of +/-0.135€ (+/-4.89%) up or down from last closing price. If Deutsche Konsum REIT AG takes out the full calculated possible swing range there will be an estimated 9.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 2.75€ (0.36%) than the resistance at 2.95€ (6.88%), 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 Konsum REIT AG ETF A Buy?
Deutsche Konsum REIT AG holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.585 Hold/Accumulate Upgraded
Predicted Opening Price for Deutsche Konsum REIT AG of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 2.76€ ( 0.121%) | 2.76€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DKG.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.77 | 0.483% |
| R2 | 2.77 | 0.345% |
| R1 | 2.77 | 0.259% |
| Price | 2.76 | |
| S1 | 2.76 | -0.0176% |
| S2 | 2.76 | -0.103% |
| S3 | 2.75 | -0.242% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.00 | 8.70% |
| R2 | 2.99 | 8.33% |
| R1 | 2.95 | 6.88% |
| Price | 2.76 | |
| S1 | 2.75 | -0.362% |
| S2 | 2.68 | -2.90% |
| S3 | 2.57 | -6.88% |
DKG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 14, 2023 | Jul 14, 2023 | Jul 14, 2023 | 0.120€ | 0% |
| 2 | Mar 17, 2023 | Mar 17, 2023 | Mar 17, 2023 | 0.480€ | 0% |
| 3 | Mar 11, 2022 | Mar 11, 2022 | Mar 11, 2022 | 0.400€ | 0% |
| 4 | Mar 12, 2021 | Mar 12, 2021 | Mar 12, 2021 | 0.400€ | 0% |
| 5 | Nov 18, 2019 | Mar 06, 2020 | Mar 10, 2020 | 0.350€ | 0% |
FAQ
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