EnviTec Biogas AG Stock Forecast
EnviTec Biogas AG stock price down 3.85% on Friday
(Updated on Jun 28, 2024)
The EnviTec Biogas AG stock price fell by -3.85% on the last day (Friday, 28th Jun 2024) from 33.80€ to 32.50€. During the last trading day the stock fluctuated 2.77% from a day low at 32.50€ to a day high of 33.40€. The price has fallen in 5 of the last 10 days and is down by -10.22% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 2 thousand shares were bought and sold for approximately 57.20€ thousand.
Given the current short-term trend, the stock is expected to rise 32.33% during the next 3 months and, with a 90% probability hold a price between 43.01€ and 54.39€ at the end of this 3-month period.
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ETG.F Signals & Forecast
There are few to no technical positive signals at the moment. The EnviTec Biogas AG stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 34.24€ and 34.93€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -13.79%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for EnviTec Biogas AG stock
EnviTec Biogas AG finds support from accumulated volume at 31.20€ 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 0.90€ between high and low, or 2.77%. For the last week the stock has had daily average volatility of 7.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ETG.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect EnviTec Biogas AG to open at 32.80€, and during the day (based on 14 day Average True Range), to move between 30.97€ and 34.03€, which gives a possible trading interval of +/-1.53€ (+/-4.70%) up or down from last closing price. If EnviTec Biogas AG takes out the full calculated possible swing range there will be an estimated 9.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 32.60€ (0.31%) than the support at 31.20€ (4.00%), 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 EnviTec Biogas AG stock A Buy?
The EnviTec Biogas AG stock holds several negative signals and despite the positive trend, we believe EnviTec Biogas AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.318 Sell Candidate Unchanged
Predicted Opening Price for EnviTec Biogas AG of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 32.80€ ( 0.92%) | 32.50€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ETG.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.70 | 3.69% |
| R2 | 33.36 | 2.63% |
| R1 | 33.14 | 1.98% |
| Price | 32.50 | |
| S1 | 32.46 | -0.135% |
| S2 | 32.24 | -0.788% |
| S3 | 31.90 | -1.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.90 | 10.46% |
| R2 | 35.70 | 9.85% |
| R1 | 32.60 | 0.308% |
| Price | 32.50 | |
| S1 | 31.20 | -4.00% |
| S2 | 29.10 | -10.46% |
| S3 | 28.00 | -13.85% |
ETG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 26, 2024 | Jun 26, 2024 | Jun 28, 2024 | 3.00€ | 0% |
| 2 | Jul 04, 2023 | Jul 04, 2023 | Jul 04, 2023 | 2.00€ | 0% |
| 3 | Jul 06, 2022 | Jul 06, 2022 | Jul 06, 2022 | 1.00€ | 0% |
| 4 | Jul 07, 2021 | Jul 07, 2021 | Jul 07, 2021 | 1.00€ | 0% |
| 5 | Jun 26, 2020 | Jul 08, 2020 | Jul 10, 2020 | 1.00€ | 0% |
FAQ
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