freenet AG Stock Forecast
Red day on Friday for freenet AG
(Updated on May 03, 2024)
The freenet AG stock price fell by -3.01% on the last day (Friday, 3rd May 2024) from 25.94€ to 25.16€. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.18% from a day low at 25.16€ to a day high of 25.96€. The price has fallen in 7 of the last 10 days and is down by -6.54% for this period. Volume has increased on the last day by 312 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, 753 thousand shares were bought and sold for approximately 18.95€ million.
Given the current short-term trend, the stock is expected to rise 12.91% during the next 3 months and, with a 90% probability hold a price between 28.41€ and 31.24€ at the end of this 3-month period.
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FNTN.DE Signals & Forecast
There are few to no technical positive signals at the moment. The freenet 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 26.43€ and 26.12€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -7.84%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for freenet AG stock
freenet AG finds support from accumulated volume at 24.94€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.80€ between high and low, or 3.18%. For the last week the stock has had daily average volatility of 2.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FNTN.DE) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect freenet AG to open at 25.43€, and during the day (based on 14 day Average True Range), to move between 24.69€ and 25.63€, which gives a possible trading interval of +/-0.474€ (+/-1.88%) up or down from last closing price. If freenet AG takes out the full calculated possible swing range there will be an estimated 3.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 25.20€ (0.16%) than the support at 24.94€ (0.87%), 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 freenet AG stock A Buy?
The freenet AG stock holds several negative signals and despite the positive trend, we believe freenet AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.324 Sell Candidate Unchanged
Predicted Opening Price for freenet AG of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 25.43€ ( 1.06%) | 25.16€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FNTN.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.23 | 4.24 % | |
| R2 | 25.92 | 3.02 % | ||
| R1 | 25.73 | 2.27 % | ||
| Current price: | 25.16 | |||
| Support | S1 | 25.12 | -0.155 % | |
| S2 | 24.93 | -0.91 % | ||
| S3 | 24.63 | -2.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.02 | 3.42 % | |
| R2 | 26.00 | 3.34 % | ||
| R1 | 25.20 | 0.159 % | ||
| Current price | 25.16 | |||
| Support | S1 | 24.94 | -0.87% | |
| S2 | 24.36 | -3.18% | ||
| S3 | 24.04 | -4.45% |
FNTN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 09, 2024 | 0€ | 0% |
| 2 | May 18, 2023 | May 18, 2023 | May 18, 2023 | 1.68€ | 6.95% |
| 3 | May 06, 2022 | May 06, 2022 | May 06, 2022 | 1.57€ | 7.25% |
| 4 | Jun 21, 2021 | Jun 21, 2021 | Jun 21, 2021 | 0.150€ | 0.733% |
| 5 | Feb 27, 2020 | May 28, 2020 | Jun 02, 2020 | 0.0400€ | 0.249% |
FAQ
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