Elmos Semiconductor AG Stock Forecast
Stronger technical forecast for Elmos Semiconductor AG stock price after Monday trading.
(Updated on May 20, 2024)
The Elmos Semiconductor AG stock price gained 0.767% on the last trading day (Monday, 20th May 2024), rising from 78.20€ to 78.80€. During the last trading day the stock fluctuated 1.02% from a day low at 78.50€ to a day high of 79.30€. The price has risen in 6 of the last 10 days and is up by 3.41% 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, 2 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately 457.12€ thousand.
The stock lies in the middle of a wide and weak 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 7.38% during the next 3 months and, with a 90% probability hold a price between 74.31€ and 89.18€ at the end of this 3-month period.
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ELG.F Signals & Forecast
The Elmos Semiconductor AG 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 77.67€ and 75.72€. 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). Elmos Semiconductor 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. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -4.14%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Elmos Semiconductor AG stock
On the downside, the stock finds support just below today's level from accumulated volume at 73.90€ and 73.50€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Elmos Semiconductor AG finds support just below today's level at 73.90€. If this is broken, then the next support from accumulated volume will be at 73.50€ and 73.20€.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.800€ between high and low, or 1.02%. For the last week, the stock has had daily average volatility of 2.31%.
Our recommended stop-loss: 75.58€ (-4.08%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (ELG.F) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Elmos Semiconductor AG to open at 78.87€, and during the day (based on 14 day Average True Range), to move between 76.33€ and 81.27€, which gives a possible trading interval of +/-2.47€ (+/-3.14%) up or down from last closing price. If Elmos Semiconductor AG takes out the full calculated possible swing range there will be an estimated 6.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 79.30€ (0.63%) than the support at 73.90€ (6.22%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Elmos Semiconductor AG stock A Buy?
Elmos Semiconductor AG holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.561 Strong Buy Candidate Upgraded
Predicted Opening Price for Elmos Semiconductor AG of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 78.87€ ( 0.0846%) | 78.80€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ELG.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 79.67 | 1.10 % | |
| R2 | 79.36 | 0.712 % | ||
| R1 | 79.17 | 0.472 % | ||
| Current price: | 78.80 | |||
| Support | S1 | 78.56 | -0.303 % | |
| S2 | 78.37 | -0.543 % | ||
| S3 | 78.07 | -0.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 82.20 | 4.31 % | |
| R2 | 80.00 | 1.52 % | ||
| R1 | 79.30 | 0.635 % | ||
| Current price | 78.80 | |||
| Support | S1 | 73.90 | -6.22% | |
| S2 | 73.50 | -6.73% | ||
| S3 | 73.20 | -7.11% |
ELG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 20, 2024 | 0.85€ | 0% |
| 2 | May 11, 2023 | May 11, 2023 | May 11, 2023 | 0.750€ | 0% |
| 3 | May 12, 2022 | May 12, 2022 | May 12, 2022 | 0.650€ | 0% |
| 4 | May 21, 2021 | May 21, 2021 | May 21, 2021 | 0.520€ | 0% |
| 5 | May 25, 2020 | May 25, 2020 | May 25, 2020 | 0.520€ | 0% |
FAQ
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