Drägerwerk AG & Co. KGaA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Drägerwerk AG & Co. KGaA stock upgraded to Buy Candidate.
(Updated on May 31, 2024)
The Drägerwerk AG & Co. KGaA stock price gained 1.62% on the last trading day (Friday, 31st May 2024), rising from 49.50€ to 50.30€. During the last trading day the stock fluctuated 2.24% from a day low at 49.20€ to a day high of 50.30€. The price has fallen in 5 of the last 10 days but is still up by 1% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately 432.48€ thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Drägerwerk AG & Co. KGaA stock with a 90% probability to be traded between 48.68€ and 53.29€ 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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DRW3.DE Signals & Forecast
Mostly positive signals in the chart today. The Drägerwerk AG & Co. KGaA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 49.63€ and 49.93€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 4.03%. 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). Drägerwerk AG & Co. KGaA has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
A buy signal from a double bottom formation was found on Thursday, May 09, 2024 and based on theory for this formation the price should go up by 10.74% to 55.70€ within 33 trading days since signal was issued (Monday, June 03, 2024).
Support, Risk & Stop-loss for Drägerwerk AG & Co. KGaA stock
Drägerwerk AG & Co. KGaA finds support from accumulated volume at 49.25€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 1.10€ between high and low, or 2.24%. For the last week the stock has had daily average volatility of 1.45%.
Our recommended stop-loss: 47.99€ (-4.59%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (DRW3.DE) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Drägerwerk AG & Co. KGaA to open at 49.93€, and during the day (based on 14 day Average True Range), to move between 49.28€ and 51.32€, which gives a possible trading interval of +/-1.02€ (+/-2.02%) 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 4.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 50.90€ (1.19%) than the support at 49.25€ (2.09%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Drägerwerk AG & Co. KGaA stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Drägerwerk AG & Co. KGaA stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.507 Buy Candidate Upgraded
Predicted Opening Price for Drägerwerk AG & Co. KGaA of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 49.93€ ( 0.729%) | 50.30€ |
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 | 51.03 | 1.46 % | |
| R2 | 50.61 | 0.623 % | ||
| R1 | 50.35 | 0.106 % | ||
| Current price: | 50.30 | |||
| Support | S1 | 49.51 | -1.56 % | |
| S2 | 49.25 | -2.08 % | ||
| S3 | 48.83 | -2.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.60 | 4.57 % | |
| R2 | 52.00 | 3.38 % | ||
| R1 | 50.90 | 1.19 % | ||
| Current price | 50.30 | |||
| Support | S1 | 49.25 | -2.09% | |
| S2 | 49.20 | -2.19% | ||
| S3 | 49.05 | -2.49% |
DRW3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 13, 2024 | 1.80€ | 3.68% |
| 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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