DEMIRE Deutsche Mittelstand Real Estate Stock Forecast
Green day on Friday for DEMIRE Deutsche Mittelstand Real Estate stock after gaining 2.00%
(Updated on May 10, 2024)
The DEMIRE Deutsche Mittelstand Real Estate stock price gained 2.00% on the last trading day (Friday, 10th May 2024), rising from 1.00€ to 1.02€. It has now gained 3 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 2.00% from a day low at 1.00€ to a day high of 1.02€. The price has risen in 8 of the last 10 days and is up by 18.6% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 620 shares were bought and sold for approximately 632.40€ . 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 has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at 0.97€, a level that may pose a second chance to hit a runner. According to fan-theory 1.14€ will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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DMRE.DE Signals & Forecast
The DEMIRE Deutsche Mittelstand Real Estate 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 0.97€ and 0.85€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 26.71%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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.
A buy signal from a double bottom formation was found on Monday, March 25, 2024 with a target of 0.727€. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for DEMIRE Deutsche Mittelstand Real Estate stock
On the downside, the stock finds support just below today's level from accumulated volume at 0.81€ and 0.780€. 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, DEMIRE Deutsche Mittelstand Real Estate finds support just below today's level at 0.81€. If this is broken, then the next support from accumulated volume will be at 0.780€ and 0.770€.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 0.0200€ between high and low, or 2.00%. For the last week the stock has had daily average volatility of 0.80%.
The DEMIRE Deutsche Mittelstand Real Estate stock is extremely overbought on RSI14 (79). 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: 0.99€ (-2.92%) (This stock has high daily movements and this gives high risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (DMRE.DE) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect DEMIRE Deutsche Mittelstand Real Estate AG to open at 1.01€, and during the day (based on 14 day Average True Range), to move between 0.98€ and 1.06€, which gives a possible trading interval of +/-0.0373€ (+/-3.66%) up or down from last closing price. If DEMIRE Deutsche Mittelstand Real Estate AG takes out the full calculated possible swing range there will be an estimated 7.32% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 0.81€, some 0.210€ (20.59%) from the current price of 1.02€, our system finds the risk reward attractive.
Is DEMIRE Deutsche Mittelstand Real Estate AG stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for DEMIRE Deutsche Mittelstand Real Estate stock to perform well in the short-term period.
Current score: 6.563 Strong Buy Candidate Unchanged
Predicted Opening Price for DEMIRE Deutsche Mittelstand Real Estate AG of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| 1.01€ ( 0.654%) | 1.02€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DMRE.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.03 | 1.31 % | |
| R2 | 1.03 | 0.558 % | ||
| R1 | 1.02 | 0.0954 % | ||
| Current price: | 1.02 | |||
| Support | S1 | 1.01 | -1.40 % | |
| S2 | 1.00 | -1.87 % | ||
| S3 | 0.99 | -2.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1.02 | |||
| Support | S1 | 0.81 | -20.59% | |
| S2 | 0.780 | -23.53% | ||
| S3 | 0.770 | -24.51% |
DMRE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 19, 2022 | May 19, 2022 | May 19, 2022 | 0.310€ | 7.29% |
| 2 | Apr 29, 2021 | Apr 29, 2021 | Apr 29, 2021 | 0.620€ | 14.12% |
| 3 | Sep 23, 2020 | Sep 23, 2020 | Sep 23, 2020 | 0.540€ | 11.76% |
FAQ
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