LUDWIG BECK am Rathauseck - Textilhaus Stock Forecast
Weaker technical forecast for LUDWIG BECK am Rathauseck - Textilhaus as stock downgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
No changes to the price of LUDWIG BECK am Rathauseck - Textilhaus stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0.92% from a day low at 21.80€ to a day high of 22.00€. The price has been going up and down for this period, and there has been a 0.92% gain for the last 2 weeks.
The stock lies in the middle of a 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 -4.39% during the next 3 months and, with a 90% probability hold a price between 20.04€ and 21.71€ 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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ECK.DE Signals & Forecast
The LUDWIG BECK am Rathauseck - Textilhaus 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 22.00€ and 21.85€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 3.77%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for LUDWIG BECK am Rathauseck - Textilhaus stock
LUDWIG BECK am Rathauseck - Textilhaus finds support from accumulated volume at 21.80€ 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 0.200€ between high and low, or 0.92%. For the last week the stock has had daily average volatility of 0.367%.
Our recommended stop-loss: 21.23€ (-3.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 52 days ago.)
Trading Expectations (ECK.DE) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect LUDWIG BECK am Rathauseck - Textilhaus Feldmeier AG to open at 21.93€, and during the day (based on 14 day Average True Range), to move between 21.82€ and 22.18€, which gives a possible trading interval of +/-0.184€ (+/-0.84%) up or down from last closing price. If LUDWIG BECK am Rathauseck - Textilhaus Feldmeier AG takes out the full calculated possible swing range there will be an estimated 1.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 21.80€ (0.91%) than the resistance at 22.40€ (1.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is LUDWIG BECK am Rathauseck - Textilhaus Feldmeier AG stock A Buy?
LUDWIG BECK am Rathauseck - Textilhaus 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: 0.892 Hold/Accumulate Downgraded
Predicted Opening Price for LUDWIG BECK am Rathauseck - Textilhaus Feldmeier AG of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 21.93€ ( 0.303%) | 22.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ECK.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.13 | 0.606% |
| R2 | 22.06 | 0.259% |
| R1 | 22.01 | 0.0442% |
| Price | 22.00 | |
| S1 | 21.86 | -0.650% |
| S2 | 21.81 | -0.86% |
| S3 | 21.73 | -1.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.60 | 7.27% |
| R2 | 23.00 | 4.55% |
| R1 | 22.40 | 1.82% |
| Price | 22.00 | |
| S1 | 21.80 | -0.91% |
| S2 | 21.60 | -1.82% |
| S3 | 21.40 | -2.73% |
ECK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 20, 2024 | 0.150€ | 0.694% |
| 2 | Mar 20, 2018 | May 16, 2018 | May 18, 2018 | 0.650€ | 2.27% |
| 3 | Mar 28, 2017 | May 24, 2017 | May 26, 2017 | 0.650€ | 2.25% |
| 4 | Mar 22, 2016 | May 11, 2016 | May 11, 2016 | 0.750€ | 2.28% |
| 5 | Mar 30, 2015 | May 14, 2015 | May 15, 2015 | 0.750€ | 2.17% |
FAQ
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