Deutsche Wohnen SE Stock Forecast
Deutsche Wohnen SE stock price ended at 17.04€ on Monday, after gaining 0.235%.
(Updated on Apr 22, 2024)
The Deutsche Wohnen SE stock price gained 0.235% on the last trading day (Monday, 22nd Apr 2024), rising from 17.00€ to 17.04€. It has now gained 4 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 2.12% from a day low at 16.96€ to a day high of 17.32€. The price has risen in 6 of the last 10 days but is still down by -5.33% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 24 thousand more shares were traded than the day before. In total, 98 thousand shares were bought and sold for approximately 1.67€ million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -21.57% during the next 3 months and, with a 90% probability hold a price between 12.80€ and 14.17€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DWNI.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.40%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Deutsche Wohnen SE 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 17.09€ and 18.15€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Deutsche Wohnen SE stock
Deutsche Wohnen SE finds support from accumulated volume at 16.90€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.360€ between high and low, or 2.12%. For the last week, the stock has had daily average volatility of 2.66%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DWNI.DE) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Deutsche Wohnen SE to open at 17.11€, and during the day (based on 14 day Average True Range), to move between 16.58€ and 17.50€, which gives a possible trading interval of +/-0.462€ (+/-2.71%) up or down from last closing price. If Deutsche Wohnen SE takes out the full calculated possible swing range there will be an estimated 5.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 16.90€ (0.82%) than the resistance at 17.89€ (4.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Deutsche Wohnen SE stock A Buy?
Deutsche Wohnen SE holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.764 Sell Candidate Unchanged
Predicted Opening Price for Deutsche Wohnen SE of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| 17.11€ ( 0.391%) | 17.04€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DWNI.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.47 | 2.50 % | |
| R2 | 17.33 | 1.70 % | ||
| R1 | 17.24 | 1.20 % | ||
| Current price: | 17.04 | |||
| Support | S1 | 16.97 | -0.416 % | |
| S2 | 16.88 | -0.91 % | ||
| S3 | 16.75 | -1.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.08 | 6.10 % | |
| R2 | 17.97 | 5.46 % | ||
| R1 | 17.89 | 4.99 % | ||
| Current price | 17.04 | |||
| Support | S1 | 16.90 | -0.82% | |
| S2 | 16.74 | -1.76% | ||
| S3 | 16.64 | -2.35% |
DWNI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 07, 2024 | May 09, 2024 | 0.0400€ | 0.234% |
| 2 | Jun 16, 2023 | Jun 16, 2023 | Jun 16, 2023 | 0.0400€ | 0.187% |
| 3 | Jun 03, 2022 | Jun 03, 2022 | Jun 03, 2022 | 0.0400€ | 0.160% |
| 4 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | 1.03€ | 2.00% |
| 5 | Mar 25, 2020 | Jun 08, 2020 | Jun 10, 2020 | 0.90€ | 2.25% |
FAQ
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