FORTEC Elektronik AG Stock Forecast
FORTEC Elektronik AG stock price ended at 20.20€ on Monday, after losing 0.98%.
(Updated on Jun 17, 2024)
The FORTEC Elektronik AG stock price fell by -0.98% on the last day (Monday, 17th Jun 2024) from 20.40€ to 20.20€. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.00% from a day low at 20.00€ to a day high of 20.60€. The price has fallen in 4 of the last 10 days and is down by -1.94% for this period. Volume has increased on the last day by 737 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, 1 thousand shares were bought and sold for approximately 20.97€ 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 -14.98% during the next 3 months and, with a 90% probability hold a price between 16.39€ and 18.29€ 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
A buy signal was issued from a pivot bottom point on Monday, May 27, 2024, and so far it has fallen 0%. 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 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 20.69€ and 21.38€. A break-up above any of these levels will issue buy signals. FORTEC Elektronik 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 FORTEC Elektronik AG 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.
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 0.600€ between high and low, or 3.00%. For the last week, the stock has had daily average volatility of 1.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FEV.DE) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect FORTEC Elektronik AG to open at 20.27€, and during the day (based on 14 day Average True Range), to move between 19.71€ and 20.69€, which gives a possible trading interval of +/-0.489€ (+/-2.42%) up or down from last closing price. If FORTEC Elektronik AG takes out the full calculated possible swing range there will be an estimated 4.84% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 20.40€, some 0.200€ (0.99%) from the current price of 20.20€, our system finds the risk reward not very attractive.
Is FORTEC Elektronik AG stock A Buy?
FORTEC Elektronik 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: -1.436 Sell Candidate Unchanged
Predicted Opening Price for FORTEC Elektronik AG of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| 20.27€ ( 0.330%) | 20.20€ |
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 | 20.87 | 3.30% |
| R2 | 20.64 | 2.17% |
| R1 | 20.50 | 1.46% |
| Price | 20.20 | |
| S1 | 20.04 | -0.80% |
| S2 | 19.90 | -1.51% |
| S3 | 19.67 | -2.64% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.80 | 22.77% |
| R2 | 22.00 | 8.91% |
| R1 | 20.40 | 0.99% |
| Price | 20.20 | |
| S1 | 0 | - |
| 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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