Fabasoft AG Stock Forecast
Red day on Friday for Fabasoft AG
(Updated on May 03, 2024)
The Fabasoft AG stock price fell by -2.26% on the last day (Friday, 3rd May 2024) from 19.90€ to 19.45€. During the last trading day the stock fluctuated 5.21% from a day low at 19.20€ to a day high of 20.20€. The price has been going up and down for this period, and there has been a -2.75% loss for the last 2 weeks. Volume has increased on the last day by 2 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, 3 thousand shares were bought and sold for approximately 57.47€ thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.89% during the next 3 months and, with a 90% probability hold a price between 15.45€ and 18.43€ 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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FAA.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 3.18%. Further rise is indicated until a new top pivot has been found. 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 Fabasoft AG stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 20.22€ and 19.91€. A break-up above any of these levels will issue buy signals. Fabasoft AG gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Fabasoft AG stock
Fabasoft AG finds support from accumulated volume at 19.20€ 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 1.00€ between high and low, or 5.21%. For the last week, the stock has had daily average volatility of 3.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FAA.F) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Fabasoft AG to open at 19.62€, and during the day (based on 14 day Average True Range), to move between 18.64€ and 20.26€, which gives a possible trading interval of +/-0.81€ (+/-4.15%) up or down from last closing price. If Fabasoft AG takes out the full calculated possible swing range there will be an estimated 8.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 19.70€ (1.29%) than the support at 19.20€ (1.29%), 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 Fabasoft AG stock A Buy?
Fabasoft AG holds several negative signals and is within a wide and 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: -2.456 Sell Candidate Unchanged
Predicted Opening Price for Fabasoft AG of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 19.62€ ( 0.86%) | 19.45€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FAA.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.62 | 6.00 % | |
| R2 | 20.23 | 4.03 % | ||
| R1 | 20.00 | 2.82 % | ||
| Current price: | 19.45 | |||
| Support | S1 | 19.23 | -1.11 % | |
| S2 | 19.00 | -2.32 % | ||
| S3 | 18.62 | -4.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.70 | 21.85 % | |
| R2 | 22.90 | 17.74 % | ||
| R1 | 19.70 | 1.29 % | ||
| Current price | 19.45 | |||
| Support | S1 | 19.20 | -1.29% | |
| S2 | 19.05 | -2.06% | ||
| S3 | 18.85 | -3.08% |
FAA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | 0.300€ | 0% |
| 2 | Jul 07, 2022 | Jul 07, 2022 | Jul 07, 2022 | 0.750€ | 0% |
| 3 | Jul 08, 2021 | Jul 08, 2021 | Jul 08, 2021 | 0.85€ | 0% |
| 4 | Jun 03, 2020 | Jul 02, 2020 | Jul 09, 2020 | 0.650€ | 0% |
| 5 | Jun 04, 2019 | Jul 04, 2019 | Jul 11, 2019 | 0.500€ | 0% |
FAQ
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