Fabasoft AG Stock Forecast
Stronger technical forecast for Fabasoft AG stock price after Friday trading.
(Updated on May 24, 2024)
The Fabasoft AG stock price fell by -0.97% on the last day (Friday, 24th May 2024) from 20.60€ to 20.40€. During the last trading day the stock fluctuated 2.46% from a day low at 20.30€ to a day high of 20.80€. The price has been going up and down for this period, and there has been a 0.99% gain for the last 2 weeks. 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 -2 thousand shares and in total, 1 thousand shares were bought and sold for approximately 28.50€ 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 -6.75% during the next 3 months and, with a 90% probability hold a price between 16.85€ and 19.63€ 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
The Fabasoft AG 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 20.30€ and 19.97€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 4.88%. 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. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. 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 19.80€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.500€ between high and low, or 2.46%. For the last week the stock has had daily average volatility of 2.67%
Our recommended stop-loss: 19.45€ (-4.67%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (FAA.F) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Fabasoft AG to open at 20.50€, and during the day (based on 14 day Average True Range), to move between 19.75€ and 21.05€, which gives a possible trading interval of +/-0.648€ (+/-3.18%) up or down from last closing price. If Fabasoft AG takes out the full calculated possible swing range there will be an estimated 6.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 19.80€ (2.94%) than the resistance at 21.20€ (3.92%), 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.119 Buy Candidate Upgraded
Predicted Opening Price for Fabasoft AG of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| 20.50€ ( 0.490%) | 20.40€ |
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 | 21.00 | 2.94 % | |
| R2 | 20.81 | 2.00 % | ||
| R1 | 20.69 | 1.43 % | ||
| Current price: | 20.40 | |||
| Support | S1 | 20.31 | -0.446 % | |
| S2 | 20.19 | -1.02 % | ||
| S3 | 20.00 | -1.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.80 | 6.86 % | |
| R2 | 21.40 | 4.90 % | ||
| R1 | 21.20 | 3.92 % | ||
| Current price | 20.40 | |||
| Support | S1 | 19.80 | -2.94% | |
| S2 | 19.70 | -3.43% | ||
| S3 | 19.05 | -6.62% |
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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