CTS Eventim AG & Co KGaA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
CTS Eventim AG & Co KGaA stock price ended at 76.45€ on Tuesday, after losing 1.23%.
(Updated on Jul 02, 2024)
The CTS Eventim AG & Co KGaA stock price fell by -1.23% on the last day (Tuesday, 2nd Jul 2024) from 77.40€ to 76.45€. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.94% from a day low at 74.75€ to a day high of 76.95€. The price has fallen in 7 of the last 10 days and is down by -3.9% for this period. Volume has increased on the last day by 119 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 348 thousand shares were bought and sold for approximately 26.61€ million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 76.06€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.65% during the next 3 months and, with a 90% probability hold a price between 71.01€ and 75.84€ 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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EVD.F Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The CTS Eventim AG & Co KGaA 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 78.04€ and 79.99€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -7.67%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for CTS Eventim AG & Co KGaA stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 2.20€ between high and low, or 2.94%. For the last week the stock has had daily average volatility of 3.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EVD.F) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect CTS Eventim AG & Co KGaA to open at 76.05€, and during the day (based on 14 day Average True Range), to move between 74.14€ and 78.76€, which gives a possible trading interval of +/-2.31€ (+/-3.02%) 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 6.05% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 77.90€, some 1.45€ (1.90%) from the current price of 76.45€, our system finds the risk reward not very attractive.
Is CTS Eventim AG & Co KGaA stock A Buy?
CTS Eventim AG & Co KGaA holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.340 Sell Candidate Unchanged
Predicted Opening Price for CTS Eventim AG & Co KGaA of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 76.05€ ( 0.523%) | 76.45€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVD.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 78.25 | 2.35% |
| R2 | 77.41 | 1.26% |
| R1 | 76.89 | 0.576% |
| Price | 76.45 | |
| S1 | 75.21 | -1.62% |
| S2 | 74.69 | -2.30% |
| S3 | 73.85 | -3.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 79.40 | 3.86% |
| R2 | 78.90 | 3.20% |
| R1 | 77.90 | 1.90% |
| Price | 76.45 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
EVD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | May 17, 2024 | 1.43€ | 0% |
| 2 | May 17, 2023 | May 17, 2023 | May 17, 2023 | 1.06€ | 0% |
| 3 | Mar 20, 2019 | May 09, 2019 | May 13, 2019 | 0.620€ | 0% |
| 4 | Mar 22, 2018 | May 09, 2018 | May 11, 2018 | 0.590€ | 0% |
| 5 | Mar 23, 2017 | May 10, 2017 | May 12, 2017 | 0.480€ | 0% |
FAQ
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