CTS Eventim AG & Co. KGaA Stock Forecast
CTS Eventim AG & Co. KGaA stock price up 2.71% on Friday
(Updated on May 03, 2024)
The CTS Eventim AG & Co. KGaA stock price gained 2.71% on the last trading day (Friday, 3rd May 2024), rising from 81.30€ to 83.50€. During the last trading day the stock fluctuated 2.43% from a day low at 82.20€ to a day high of 84.20€. The price has risen in 6 of the last 10 days and is up by 1.21% 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, 12 thousand more shares were traded than the day before. In total, 118 thousand shares were bought and sold for approximately 9.89€ 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 81.62€ 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 27.47% during the next 3 months and, with a 90% probability hold a price between 104.05€ and 116.19€ 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 82.55€ and 80.94€. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 -2.17%. 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).
Support, Risk & Stop-loss for CTS Eventim AG & Co. KGaA stock
CTS Eventim AG & Co. KGaA finds support from accumulated volume at 83.05€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 2.00€ between high and low, or 2.43%. For the last week the stock has had daily average volatility of 2.12%.
Our recommended stop-loss: 80.17€ (-3.99%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (EVD.DE) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect CTS Eventim AG & Co. KGaA to open at 83.30€, and during the day (based on 14 day Average True Range), to move between 81.55€ and 85.45€, which gives a possible trading interval of +/-1.95€ (+/-2.33%) 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 4.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 83.05€ (0.54%) than the resistance at 84.10€ (0.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: 3.308 Buy Candidate Unchanged
Predicted Opening Price for CTS Eventim AG & Co. KGaA of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 83.30€ ( 0.240%) | 83.50€ |
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 | 85.30 | 2.16 % | |
| R2 | 84.54 | 1.24 % | ||
| R1 | 84.06 | 0.675 % | ||
| Current price: | 83.50 | |||
| Support | S1 | 82.54 | -1.15 % | |
| S2 | 82.06 | -1.72 % | ||
| S3 | 81.30 | -2.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 85.20 | 2.04 % | |
| R2 | 84.70 | 1.44 % | ||
| R1 | 84.10 | 0.719 % | ||
| Current price | 83.50 | |||
| Support | S1 | 83.05 | -0.539% | |
| S2 | 82.45 | -1.26% | ||
| S3 | 75.00 | -10.18% |
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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