CTS Eventim AG & Co. KGaA Stock Forecast
CTS Eventim AG & Co. KGaA stock price ended at 82.20€ on Wednesday, after losing 1.02%.
(Updated on Apr 24, 2024)
The CTS Eventim AG & Co. KGaA stock price fell by -1.02% on the last day (Wednesday, 24th Apr 2024) from 83.05€ to 82.20€. During the last trading day the stock fluctuated 1.58% from a day low at 82.15€ to a day high of 83.45€. The price has fallen in 5 of the last 10 days and is down by -2.26% 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 -37 thousand shares and in total, 71 thousand shares were bought and sold for approximately 5.86€ million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 81.33€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 35.38% during the next 3 months and, with a 90% probability hold a price between 110.10€ and 121.70€ at the end of this 3-month period.
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EVD.DE Signals & Forecast
The CTS Eventim AG & Co. KGaA 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 81.64€ and 79.64€. A breakdown below any of these levels will issue sell signals. 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 Monday, April 08, 2024, and so far it has fallen -3.69%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for CTS Eventim AG & Co. KGaA stock
On the downside, the stock finds support just below today's level from accumulated volume at 77.15€ and 77.10€. 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, CTS Eventim AG & Co. KGaA finds support just below today's level at 77.15€. If this is broken, then the next support from accumulated volume will be at 77.10€ and 75.00€.
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 1.30€ between high and low, or 1.58%. For the last week, the stock has had daily average volatility of 1.89%.
Our recommended stop-loss: 78.30€ (-4.75%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (EVD.DE) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect CTS Eventim AG & Co. KGaA to open at 82.60€, and during the day (based on 14 day Average True Range), to move between 80.26€ and 84.14€, which gives a possible trading interval of +/-1.94€ (+/-2.36%) up or down from last closing price. If CTS Eventim AG & Co. KGaA takes out the full calculated possible swing range there will be an estimated 4.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 83.30€ (1.34%) than the support at 77.15€ (6.14%), 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 CTS Eventim AG & Co. KGaA stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CTS Eventim AG & Co. KGaA stock to perform well in the short-term.
Current score: 3.231 Buy Candidate Unchanged
Predicted Opening Price for CTS Eventim AG & Co. KGaA of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| 82.60€ ( 0.487%) | 82.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVD.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 83.90 | 2.07 % | |
| R2 | 83.40 | 1.46 % | ||
| R1 | 83.10 | 1.09 % | ||
| Current price: | 82.20 | |||
| Support | S1 | 82.10 | -0.118 % | |
| S2 | 81.80 | -0.491 % | ||
| S3 | 81.30 | -1.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 84.70 | 3.04 % | |
| R2 | 84.10 | 2.31 % | ||
| R1 | 83.30 | 1.34 % | ||
| Current price | 82.20 | |||
| Support | S1 | 77.15 | -6.14% | |
| S2 | 77.10 | -6.20% | ||
| S3 | 75.00 | -8.76% |
EVD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | May 15, 2024 | 0€ | 0% |
| 2 | May 17, 2023 | May 17, 2023 | May 17, 2023 | 1.06€ | 1.77% |
| 3 | Mar 20, 2019 | May 09, 2019 | May 13, 2019 | 0.620€ | 1.43% |
| 4 | Mar 22, 2018 | May 09, 2018 | May 11, 2018 | 0.590€ | 1.52% |
| 5 | Mar 23, 2017 | May 10, 2017 | May 12, 2017 | 0.480€ | 1.35% |
FAQ
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