Energiekontor AG Stock Forecast
Energiekontor AG stock price ended at 63.30€ on Tuesday, after gaining 1.77%.
(Updated on Apr 23, 2024)
The Energiekontor AG stock price gained 1.77% on the last trading day (Tuesday, 23rd Apr 2024), rising from 62.20€ to 63.30€. 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 1.59% from a day low at 62.90€ to a day high of 63.90€. The price has been going up and down for this period, and there has been a -2.16% loss for the last 2 weeks. Volume fell on the last day by -624 shares and in total, 5 thousand shares were bought and sold for approximately 294.73€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -15.02% during the next 3 months and, with a 90% probability hold a price between 51.26€ and 58.04€ 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
EKT.DE Signals & Forecast
There are mixed signals in the stock today. The Energiekontor AG stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 66.13€. On a fall, the stock will find some support from the short-term average at 62.10€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.60%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Energiekontor AG stock
Energiekontor AG finds support from accumulated volume at 62.70€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 1.00€ between high and low, or 1.59%. For the last week the stock has had daily average volatility of 2.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EKT.DE) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Energiekontor AG to open at 63.37€, and during the day (based on 14 day Average True Range), to move between 61.33€ and 65.27€, which gives a possible trading interval of +/-1.97€ (+/-3.11%) up or down from last closing price. If Energiekontor AG takes out the full calculated possible swing range there will be an estimated 6.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 62.70€ (0.95%) than the resistance at 64.10€ (1.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Energiekontor AG stock A Buy?
Energiekontor AG holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.478 Sell Candidate Unchanged
Predicted Opening Price for Energiekontor AG of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| 63.37€ ( 0.105%) | 63.30€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EKT.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 64.37 | 1.69 % | |
| R2 | 63.98 | 1.08 % | ||
| R1 | 63.75 | 0.709 % | ||
| Current price: | 63.30 | |||
| Support | S1 | 62.98 | -0.498 % | |
| S2 | 62.75 | -0.87 % | ||
| S3 | 62.37 | -1.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 67.50 | 6.64 % | |
| R2 | 67.00 | 5.85 % | ||
| R1 | 64.10 | 1.26 % | ||
| Current price | 63.30 | |||
| Support | S1 | 62.70 | -0.95% | |
| S2 | 61.80 | -2.37% | ||
| S3 | 61.10 | -3.48% |
EKT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | 0€ | 0% |
| 2 | May 18, 2023 | May 18, 2023 | May 18, 2023 | 1.00€ | 1.33% |
| 3 | May 20, 2022 | May 20, 2022 | May 20, 2022 | 0.90€ | 1.07% |
| 4 | May 21, 2021 | May 21, 2021 | May 21, 2021 | 0.80€ | 1.43% |
| 5 | May 21, 2020 | May 21, 2020 | May 21, 2020 | 0.400€ | 2.12% |
FAQ
Click here for our free guide on how to buy Energiekontor AG Stock.
