Drägerwerk AG & Co. KGaA Stock Forecast
Stronger technical forecast for Drägerwerk AG & Co. KGaA stock price after Thursday trading.
(Updated on May 09, 2024)
The Drägerwerk AG & Co. KGaA stock price fell by -2.72% on the last day (Thursday, 9th May 2024) from 49.70€ to 48.35€. During the last trading day the stock fluctuated 1.35% from a day low at 48.25€ to a day high of 48.90€. The price has fallen in 5 of the last 10 days and is down by -3.88% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -11 thousand shares and in total, 5 thousand shares were bought and sold for approximately 257.42€ thousand.
Given the current short-term trend, the stock is expected to rise 8.10% during the next 3 months and, with a 90% probability hold a price between 52.27€ and 58.47€ at the end of this 3-month period.
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DRW3.DE Signals & Forecast
There are few to no technical positive signals at the moment. The Drägerwerk AG & Co. KGaA 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 49.71€ and 50.36€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -8.43%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Drägerwerk AG & Co. KGaA stock
Drägerwerk AG & Co. KGaA finds support from accumulated volume at 48.15€ 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 controlled movements and therefore the general risk is considered 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 0.650€ between high and low, or 1.35%. For the last week the stock has had daily average volatility of 2.09%.
Our recommended stop-loss: 46.30€ (-4.25%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (DRW3.DE) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Drägerwerk AG & Co. KGaA to open at 48.50€, and during the day (based on 14 day Average True Range), to move between 47.01€ and 49.69€, which gives a possible trading interval of +/-1.34€ (+/-2.77%) up or down from last closing price. If Drägerwerk AG & Co. KGaA takes out the full calculated possible swing range there will be an estimated 5.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 48.15€ (0.41%) than the resistance at 49.05€ (1.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Drägerwerk AG & Co. KGaA stock A Buy?
Drägerwerk AG & Co. KGaA 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 stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.713 Hold/Accumulate Upgraded
Predicted Opening Price for Drägerwerk AG & Co. KGaA of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| 48.50€ ( 0.310%) | 48.35€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DRW3.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.15 | 1.65 % | |
| R2 | 48.90 | 1.14 % | ||
| R1 | 48.75 | 0.82 % | ||
| Current price: | 48.35 | |||
| Support | S1 | 48.25 | -0.203 % | |
| S2 | 48.10 | -0.521 % | ||
| S3 | 47.85 | -1.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.60 | 8.79 % | |
| R2 | 49.25 | 1.86 % | ||
| R1 | 49.05 | 1.45 % | ||
| Current price | 48.35 | |||
| Support | S1 | 48.15 | -0.414% | |
| S2 | 48.00 | -0.724% | ||
| S3 | 46.30 | -4.24% |
DRW3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 13, 2024 | 1.80€ | 3.72% |
| 2 | May 08, 2023 | May 08, 2023 | May 08, 2023 | 0.190€ | 0.393% |
| 3 | May 09, 2022 | May 09, 2022 | May 09, 2022 | 0.190€ | 0.407% |
| 4 | May 10, 2021 | May 10, 2021 | May 10, 2021 | 0.190€ | 0.253% |
| 5 | Oct 01, 2020 | Oct 01, 2020 | Oct 01, 2020 | 0.190€ | 0.255% |
FAQ
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