Drägerwerk AG & Co. KGaA Stock Forecast
Red day on Wednesday for Drägerwerk AG & Co. KGaA
(Updated on May 08, 2024)
The Drägerwerk AG & Co. KGaA stock price fell by -0.444% on the last day (Wednesday, 8th May 2024) from 45.00€ to 44.80€. During the last trading day the stock fluctuated 2.03% from a day low at 44.40€ to a day high of 45.30€. The price has risen in 5 of the last 10 days and is up by 2.05% over the past 2 weeks. Volume has increased on the last day by 282 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 thousand shares were bought and sold for approximately 68.32€ thousand.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.30% during the next 3 months and, with a 90% probability hold a price between 46.16€ and 51.10€ at the end of this 3-month period.
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DRW8.DE Signals & Forecast
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 44.10€ and 44.69€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 6.16%. 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. Drägerwerk AG & Co. KGaA gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Drägerwerk AG & Co. KGaA stock
Drägerwerk AG & Co. KGaA finds support from accumulated volume at 44.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.90€ (2.03%) between high and low. For the last week, the stock has had daily average volatility of 1.68%.
Our recommended stop-loss: 43.30€ (-3.36%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (DRW8.DE) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Drägerwerk AG & Co. KGaA to open at 44.83€, and during the day (based on 14 day Average True Range), to move between 43.83€ and 45.77€, which gives a possible trading interval of +/-0.97€ (+/-2.16%) 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 4.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 45.30€ (1.12%) than the support at 44.00€ (1.79%), 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, along with a general good trend, 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.
Current score: 1.388 Buy Candidate Unchanged
Predicted Opening Price for Drägerwerk AG & Co. KGaA of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| 44.83€ ( 0.0744%) | 44.80€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DRW8.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.73 | 2.08 % | |
| R2 | 45.39 | 1.32 % | ||
| R1 | 45.18 | 0.84 % | ||
| Current price: | 44.80 | |||
| Support | S1 | 44.49 | -0.693 % | |
| S2 | 44.28 | -1.17 % | ||
| S3 | 43.93 | -1.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.90 | 2.46 % | |
| R2 | 45.50 | 1.56 % | ||
| R1 | 45.30 | 1.12 % | ||
| Current price | 44.80 | |||
| Support | S1 | 44.00 | -1.79% | |
| S2 | 42.90 | -4.24% | ||
| S3 | 41.20 | -8.04% |
DRW8 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 13, 2024 | 1.74€ | 3.91% |
| 2 | May 08, 2023 | May 08, 2023 | May 08, 2023 | 0.130€ | 0.320% |
| 3 | May 09, 2022 | May 09, 2022 | May 09, 2022 | 0.130€ | 0.318% |
| 4 | May 10, 2021 | May 10, 2021 | May 10, 2021 | 0.130€ | 0.175% |
| 5 | Oct 01, 2020 | Oct 01, 2020 | Oct 01, 2020 | 0.130€ | 0.202% |
FAQ
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