FORTEC Elektronik AG Stock Forecast
Red day on Tuesday for FORTEC Elektronik AG stock after losing 0.99%
(Updated on Jun 25, 2024)
The FORTEC Elektronik AG stock price fell by -0.99% on the last day (Tuesday, 25th Jun 2024) from 20.20€ to 20.00€. During the last trading day the stock fluctuated 0% from a day low at 20.00€ to a day high of 20.00€. The price has fallen in 5 of the last 10 days and is down by -3.85% for this period. 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, 12 shares were bought and sold for approximately 240.00€ .
The stock lies in the middle of a 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 -16.93% during the next 3 months and, with a 90% probability hold a price between 16.30€ and 17.40€ 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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FEV.DE Signals & Forecast
There are mixed signals in the stock today. The FORTEC Elektronik AG 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 20.06€ and 20.99€. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 0.503%. 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).
Support, Risk & Stop-loss for FORTEC Elektronik AG stock
FORTEC Elektronik AG finds support from accumulated volume at 19.90€ 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€ between high and low, or 0%. For the last week the stock has had daily average volatility of 1.41%
Our recommended stop-loss: 18.81€ (-5.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 60 days ago.)
Trading Expectations (FEV.DE) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect FORTEC Elektronik AG to open at 20.00€, and during the day (based on 14 day Average True Range), to move between 19.55€ and 20.45€, which gives a possible trading interval of +/-0.452€ (+/-2.26%) up or down from last closing price. If FORTEC Elektronik AG takes out the full calculated possible swing range there will be an estimated 4.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 19.90€ (0.50%) than the resistance at 20.20€ (1.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is FORTEC Elektronik AG stock A Buy?
FORTEC Elektronik AG holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.972 Hold/Accumulate Unchanged
Predicted Opening Price for FORTEC Elektronik AG of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 20.00€ ( 0%) | 20.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FEV.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.00 | - |
| R2 | 20.00 | - |
| R1 | 20.00 | - |
| Price | 20.00 | |
| S1 | 20.00 | - |
| S2 | 20.00 | - |
| S3 | 20.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.80 | 24.00% |
| R2 | 20.40 | 2.00% |
| R1 | 20.20 | 1.00% |
| Price | 20.00 | |
| S1 | 19.90 | -0.500% |
| S2 | 0 | - |
| S3 | 0 | - |
FEV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Feb 08, 2024 | Feb 08, 2024 | 0.85€ | 3.53% |
| 2 | Feb 16, 2023 | Feb 16, 2023 | Feb 16, 2023 | 0.700€ | 2.67% |
| 3 | Feb 25, 2022 | Feb 25, 2022 | Feb 25, 2022 | 0.600€ | 2.75% |
| 4 | Feb 12, 2021 | Feb 12, 2021 | Feb 12, 2021 | 0.600€ | 3.43% |
| 5 | Oct 25, 2019 | Feb 07, 2020 | Feb 11, 2020 | 0.700€ | 3.66% |
FAQ
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