Fabasoft AG Stock Forecast
Fabasoft AG stock price up 0.498% on Wednesday
(Updated on Mar 27, 2024)
The Fabasoft AG stock price gained 0.498% on the last trading day (Wednesday, 27th Mar 2024), rising from 20.10€ to 20.20€. During the last trading day the stock fluctuated 2.02% from a day low at 19.80€ to a day high of 20.20€. The price has risen in 5 of the last 10 days but is still down by -4.72% for this period. Volume fell on the last day by -765 shares and in total, 1 thousand shares were bought and sold for approximately 20.54€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 19.33€ 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 5.93% during the next 3 months and, with a 90% probability hold a price between 20.48€ and 26.53€ at the end of this 3-month period.
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FAA.DE Signals & Forecast
There are mixed signals in the stock today. The Fabasoft AG stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 21.67€. On a fall, the stock will find some support from the short-term average at 19.72€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 5.21%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Fabasoft AG stock
Fabasoft AG finds support from accumulated volume at 19.95€ 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 0.400€ between high and low, or 2.02%. For the last week the stock has had daily average volatility of 4.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FAA.DE) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Fabasoft AG to open at 20.07€, and during the day (based on 14 day Average True Range), to move between 19.38€ and 21.02€, which gives a possible trading interval of +/-0.82€ (+/-4.07%) up or down from last closing price. If Fabasoft AG takes out the full calculated possible swing range there will be an estimated 8.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 19.95€ (1.24%) than the resistance at 22.90€ (13.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fabasoft AG stock A Buy?
Fabasoft AG holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.889 Sell Candidate Unchanged
Predicted Opening Price for Fabasoft AG of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
20.07€ ( 0.660%) | 20.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FAA.DE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.47 | 1.32 % | |
R2 | 20.31 | 0.564 % | ||
R1 | 20.22 | 0.0964 % | ||
Current price: | 20.20 | |||
Support | S1 | 19.91 | -1.42 % | |
S2 | 19.82 | -1.88 % | ||
S3 | 19.67 | -2.64 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 24.00 | 18.81 % | |
R2 | 23.70 | 17.33 % | ||
R1 | 22.90 | 13.37 % | ||
Current price | 20.20 | |||
Support | S1 | 19.95 | -1.24% | |
S2 | 19.70 | -2.48% | ||
S3 | 18.65 | -7.67% |
FAA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | 0.300€ | 1.64% |
2 | Jul 04, 2023 | Jul 04, 2023 | Jul 04, 2023 | 0.300€ | 1.53% |
3 | Jul 07, 2022 | Jul 07, 2022 | Jul 07, 2022 | 0.750€ | 3.70% |
4 | Jul 08, 2021 | Jul 08, 2021 | Jul 08, 2021 | 0.85€ | 2.13% |
5 | Jun 03, 2020 | Jul 02, 2020 | Jul 09, 2020 | 0.650€ | 2.30% |
FAQ
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