DWS Group GmbH & Co. KGaA Stock Forecast
DWS Group GmbH & Co. KGaA stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on May 08, 2024)
The DWS Group GmbH & Co. KGaA stock price fell by -0.97% on the last day (Wednesday, 8th May 2024) from 41.38€ to 40.98€. During the last trading day the stock fluctuated 1.98% from a day low at 40.50€ to a day high of 41.30€. The price has been going up and down for this period, and there has been a -0.82% loss for the last 2 weeks. Volume has increased on the last day by 32 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, 133 thousand shares were bought and sold for approximately 5.47€ million.
The stock lies in the middle of a strong 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 13.84% during the next 3 months and, with a 90% probability hold a price between 45.33€ and 47.77€ at the end of this 3-month period.
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DWS.F Signals & Forecast
The DWS Group GmbH & 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 40.59€ and 40.44€. 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 Tuesday, May 07, 2024, and so far it has fallen -0.97%. Further fall is indicated until a new bottom pivot has been found. 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 DWS Group GmbH & Co. KGaA stock
DWS Group GmbH & Co. KGaA finds support from accumulated volume at 40.90€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.800€ between high and low, or 1.98%. For the last week the stock has had daily average volatility of 1.35%.
Our recommended stop-loss: 39.65€ (-3.25%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (DWS.F) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect DWS Group GmbH & Co. KGaA to open at 40.93€, and during the day (based on 14 day Average True Range), to move between 40.18€ and 41.78€, which gives a possible trading interval of +/-0.80€ (+/-1.96%) up or down from last closing price. If DWS Group GmbH & Co. KGaA takes out the full calculated possible swing range there will be an estimated 3.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 40.90€ (0.20%) than the resistance at 41.16€ (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 DWS Group GmbH & Co. KGaA stock A Buy?
DWS Group GmbH & Co. KGaA 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.803 Hold/Accumulate Downgraded
Predicted Opening Price for DWS Group GmbH & Co. KGaA of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| 40.93€ ( 0.130%) | 40.98€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DWS.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.73 | 1.82 % | |
| R2 | 41.42 | 1.08 % | ||
| R1 | 41.23 | 0.616 % | ||
| Current price: | 40.98 | |||
| Support | S1 | 40.62 | -0.88 % | |
| S2 | 40.43 | -1.34 % | ||
| S3 | 40.13 | -2.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.38 | 0.98 % | |
| R2 | 41.24 | 0.634 % | ||
| R1 | 41.16 | 0.439 % | ||
| Current price | 40.98 | |||
| Support | S1 | 40.90 | -0.195% | |
| S2 | 39.14 | -4.49% | ||
| S3 | 37.90 | -7.52% |
DWS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2024 | Jun 07, 2024 | Jun 11, 2024 | 6.10€ | 0% |
| 2 | Jun 16, 2023 | Jun 16, 2023 | Jun 16, 2023 | 2.05€ | 0% |
| 3 | Jun 10, 2022 | Jun 10, 2022 | Jun 10, 2022 | 2.00€ | 0% |
| 4 | Jun 10, 2021 | Jun 10, 2021 | Jun 10, 2021 | 1.81€ | 0% |
| 5 | Nov 19, 2020 | Nov 19, 2020 | Nov 19, 2020 | 1.67€ | 0% |
FAQ
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