Deutsche Wohnen SE Stock Forecast

Red day on Thursday for Deutsche Wohnen SE
(Updated on Jul 04, 2024)

DWNI.F 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 17.95€ and 17.95€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, July 03, 2024, and so far it has fallen -0.660%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Tuesday, June 04, 2024 and based on theory for this formation the price should fall by -3.68% to 17.40€ within 13 trading days (Friday, June 21, 2024) since signal was issued.

Support, Risk & Stop-loss for Deutsche Wohnen SE stock

Deutsche Wohnen SE finds support from accumulated volume at 18.00€ 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 1.67%. For the last week the stock has had daily average volatility of 1.84%

Our recommended stop-loss: 17.36€ (-3.90%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (DWNI.F) For The Upcoming Trading Day Of Friday 5th

For the upcoming trading day on Friday, 5th we expect Deutsche Wohnen SE to open at 18.09€, and during the day (based on 14 day Average True Range), to move between 17.67€ and 18.45€, which gives a possible trading interval of +/-0.393€ (+/-2.18%) up or down from last closing price. If Deutsche Wohnen SE takes out the full calculated possible swing range there will be an estimated 4.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 18.00€ (0.33%) than the resistance at 18.40€ (1.88%), 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: -0.900 Hold/Accumulate Unchanged

Predicted Opening Price for Deutsche Wohnen SE of Friday, July 5, 2024

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