Energiekontor AG Stock Forecast
Energiekontor AG stock upgraded to Buy Candidate.
(Updated on May 03, 2024)
The Energiekontor AG stock price gained 1.88% on the last trading day (Friday, 3rd May 2024), rising from 64.00€ to 65.20€. During the last trading day the stock fluctuated 2.66% from a day low at 63.80€ to a day high of 65.50€. The price has risen in 7 of the last 10 days and is up by 5.84% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately 467.61€ thousand.
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 -12.00% during the next 3 months and, with a 90% probability hold a price between 52.30€ and 59.84€ 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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EKT.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 6.71%. 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). Energiekontor AG has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 65.51€. On a fall, the stock will find some support from the short-term average at 63.91€. 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.
Support, Risk & Stop-loss for Energiekontor AG stock
Energiekontor AG finds support from accumulated volume at 64.50€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 1.70€ (2.66%) between high and low. For the last week, the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: 62.17€ (-4.65%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (EKT.DE) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Energiekontor AG to open at 64.83€, and during the day (based on 14 day Average True Range), to move between 63.56€ and 66.84€, which gives a possible trading interval of +/-1.64€ (+/-2.52%) up or down from last closing price. If Energiekontor AG takes out the full calculated possible swing range there will be an estimated 5.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 64.50€ (1.07%) than the resistance at 67.00€ (2.76%), 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.050 Buy Candidate Upgraded
Predicted Opening Price for Energiekontor AG of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 64.83€ ( 0.562%) | 65.20€ |
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 | 66.53 | 2.04 % | |
| R2 | 65.88 | 1.05 % | ||
| R1 | 65.48 | 0.434 % | ||
| Current price: | 65.20 | |||
| Support | S1 | 64.18 | -1.56 % | |
| S2 | 63.78 | -2.17 % | ||
| S3 | 63.13 | -3.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 69.00 | 5.83 % | |
| R2 | 67.50 | 3.53 % | ||
| R1 | 67.00 | 2.76 % | ||
| Current price | 65.20 | |||
| Support | S1 | 64.50 | -1.07% | |
| S2 | 64.10 | -1.69% | ||
| S3 | 63.30 | -2.91% |
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
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