Freenet AG Stock Forecast
Freenet AG stock downgraded to Sell Candidate
(Updated on Jun 24, 2024)
The Freenet AG stock price gained 1.36% on the last trading day (Monday, 24th Jun 2024), rising from 25.00€ to 25.34€. During the last trading day the stock fluctuated 2.00% from a day low at 24.96€ to a day high of 25.46€. The price has risen in 6 of the last 10 days but is still down by -0.55% for this period. Volume fell on the last day by -717 thousand shares and in total, 255 thousand shares were bought and sold for approximately 6.47€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is 25.19€, a level that may pose a second chance to hit a runner. According to fan-theory 28.33€ will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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FNTN.F Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -1.09%. 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). The Freenet 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 25.11€ and 24.44€. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Freenet AG stock
Freenet AG finds support from accumulated volume at 25.00€ 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 0.500€ between high and low, or 2.00%. For the last week, the stock has had daily average volatility of 1.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FNTN.F) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Freenet AG to open at 25.25€, and during the day (based on 14 day Average True Range), to move between 24.92€ and 25.76€, which gives a possible trading interval of +/-0.419€ (+/-1.65%) up or down from last closing price. If Freenet AG takes out the full calculated possible swing range there will be an estimated 3.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 25.38€ (0.16%) than the support at 25.00€ (1.34%), 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?
Freenet AG holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.373 Sell Candidate Downgraded
Predicted Opening Price for Freenet AG of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| 25.25€ ( 0.342%) | 25.34€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FNTN.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.75 | 1.63% |
| R2 | 25.56 | 0.88% |
| R1 | 25.44 | 0.412% |
| Price | 25.34 | |
| S1 | 25.06 | -1.10% |
| S2 | 24.94 | -1.56% |
| S3 | 24.75 | -2.32% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.60 | 1.03% |
| R2 | 25.42 | 0.316% |
| R1 | 25.38 | 0.158% |
| Price | 25.34 | |
| S1 | 25.00 | -1.34% |
| S2 | 23.98 | -5.37% |
| S3 | 23.02 | -9.16% |
FNTN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 14, 2024 | 1.77€ | 0% |
| 2 | May 18, 2023 | May 18, 2023 | May 18, 2023 | 1.68€ | 0% |
| 3 | May 06, 2022 | May 06, 2022 | May 06, 2022 | 1.57€ | 0% |
| 4 | Jun 21, 2021 | Jun 21, 2021 | Jun 21, 2021 | 0.150€ | 0% |
| 5 | Feb 27, 2020 | May 28, 2020 | Jun 02, 2020 | 0.0400€ | 0% |
FAQ
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