Drägerwerk AG & Co. KGaA Stock Forecast

Drägerwerk AG & Co. KGaA stock upgraded to Strong Buy Candidate.
(Updated on May 14, 2024)

DRW8.F 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. 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 44.80€ 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 6.87%. 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. The stock had a Golden Star Signal on Thursday, October 05, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Drägerwerk AG & Co. KGaA stock

Drägerwerk AG & Co. KGaA finds support from accumulated volume at 45.00€ 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 0.300€ between high and low, or 0.670%. For the last week the stock has had daily average volatility of 2.03%

Our recommended stop-loss: 43.26€ (-4.08%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (DRW8.F) For The Upcoming Trading Day Of Wednesday 15th

For the upcoming trading day on Wednesday, 15th we expect Drägerwerk AG & Co. KGaA to open at 45.00€, and during the day (based on 14 day Average True Range), to move between 44.16€ and 46.04€, which gives a possible trading interval of +/-0.94€ (+/-2.09%) 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 4.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 45.00€ (0.22%) than the resistance at 45.30€ (0.44%), 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 positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.096 Strong Buy Candidate Upgraded

Predicted Opening Price for Drägerwerk AG & Co. KGaA of Wednesday, May 15, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.