Deutsche Lufthansa AG Stock Forecast
Deutsche Lufthansa AG stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)
No changes to the price of Deutsche Lufthansa AG stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $6.25 to a day high of $6.25. The price has been going up and down for this period, and there has been a -6.3% loss for the last 2 weeks.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.86% during the next 3 months and, with a 90% probability hold a price between $4.79 and $5.88 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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DLAKF Signals & Forecast
There are mixed signals in the stock today. The Deutsche Lufthansa AG stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $6.85. On a fall, the stock will find some support from the short-term average at $6.21. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Deutsche Lufthansa AG stock
Deutsche Lufthansa AG finds support from accumulated volume at $6.20 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Deutsche Lufthansa AG is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DLAKF) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Deutsche Lufthansa AG to open at $6.25, and during the day (based on 14 day Average True Range), to move between $6.15 and $6.35, which gives a possible trading interval of +/-$0.100 (+/-1.60%) up or down from last closing price. If Deutsche Lufthansa AG takes out the full calculated possible swing range there will be an estimated 3.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.20 (0.80%) than the resistance at $6.75 (8.00%), 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 Lufthansa AG stock A Buy?
Deutsche Lufthansa AG holds several negative signals and we believe that 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: -3.270 Sell Candidate Downgraded
Predicted Opening Price for Deutsche Lufthansa AG of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
$6.25 ( 0%) | $6.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DLAKF
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 6.25 | - |
R2 | 6.25 | - |
R1 | 6.25 | - |
Price | 6.25 | |
S1 | 6.25 | - |
S2 | 6.25 | - |
S3 | 6.25 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 7.50 | 20.00% |
R2 | 7.45 | 19.20% |
R1 | 6.75 | 8.00% |
Price | 6.25 | |
S1 | 6.20 | -0.80% |
S2 | 6.06 | -3.04% |
S3 | 0 | - |
DLAKF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 08, 2024 | May 08, 2024 | May 13, 2024 | $0.325 | 4.52% |
2 | May 08, 2019 | May 08, 2019 | May 08, 2019 | $0.90 | 3.64% |
3 | May 09, 2018 | May 09, 2018 | May 09, 2018 | $0.95 | 3.40% |
4 | May 08, 2017 | May 08, 2017 | May 08, 2017 | $0.550 | 3.42% |
5 | Apr 29, 2016 | Apr 29, 2016 | Apr 29, 2016 | $0.568 | 4.12% |
FAQ
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