Deutsche Wohnen SE Stock Forecast
Red day on Friday for Deutsche Wohnen SE stock after losing 0.99%
(Updated on May 03, 2024)
The Deutsche Wohnen SE stock price fell by -0.99% on the last day (Friday, 3rd May 2024) from 18.18€ to 18.00€. During the last trading day the stock fluctuated 3.13% from a day low at 17.90€ to a day high of 18.46€. The price has risen in 7 of the last 10 days and is up by 6.51% over the past 2 weeks. Volume has increased on the last day by 30 thousand 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, 174 thousand shares were bought and sold for approximately 3.14€ million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 18.13€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -16.90% during the next 3 months and, with a 90% probability hold a price between 13.22€ and 15.07€ 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
The Deutsche Wohnen SE 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 17.40€ and 17.80€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 8.17%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Deutsche Wohnen SE stock
Deutsche Wohnen SE finds support from accumulated volume at 17.97€ 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 0.560€ between high and low, or 3.13%. For the last week, the stock has had daily average volatility of 2.83%.
Our recommended stop-loss: 17.35€ (-3.63%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (DWNI.DE) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Deutsche Wohnen SE to open at 18.12€, and during the day (based on 14 day Average True Range), to move between 17.54€ and 18.46€, which gives a possible trading interval of +/-0.462€ (+/-2.57%) up or down from last closing price. If Deutsche Wohnen SE takes out the full calculated possible swing range there will be an estimated 5.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 17.97€ (0.17%) than the resistance at 18.08€ (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 Deutsche Wohnen SE stock A Buy?
Deutsche Wohnen SE holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.859 Hold/Accumulate Unchanged
Predicted Opening Price for Deutsche Wohnen SE of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 18.12€ ( 0.667%) | 18.00€ |
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 | 18.68 | 3.78 % | |
| R2 | 18.47 | 2.59 % | ||
| R1 | 18.33 | 1.86 % | ||
| Current price: | 18.00 | |||
| Support | S1 | 17.91 | -0.522 % | |
| S2 | 17.77 | -1.26 % | ||
| S3 | 17.56 | -2.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.64 | 3.56 % | |
| R2 | 18.41 | 2.28 % | ||
| R1 | 18.08 | 0.444 % | ||
| Current price | 18.00 | |||
| Support | S1 | 17.97 | -0.167% | |
| S2 | 17.00 | -5.56% | ||
| S3 | 16.64 | -7.56% |
DWNI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 07, 2024 | May 09, 2024 | 0.0400€ | 0.222% |
| 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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