Freenet AG Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for Freenet AG as stock downgraded to Sell Candidate.
(Updated on Jun 28, 2024)
No changes to the price of Freenet AG stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0.729% from a day low at 24.70€ to a day high of 24.88€. The price has risen in 5 of the last 10 days but is still down by -0.16% for this period.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 25.07€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.87% during the next 3 months and, with a 90% probability hold a price between 20.22€ and 23.09€ 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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FNTN.F Signals & Forecast
The Freenet AG stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 25.08€. On a fall, the stock will find some support from the long-term average at approximately 24.48€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -3.20%. 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 fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Freenet AG stock
Freenet AG finds support from accumulated volume at 23.98€ 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 0.180€ between high and low, or 0.729%. For the last week the stock has had daily average volatility of 1.30%.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect Freenet AG to open at 24.79€, and during the day (based on 14 day Average True Range), to move between 24.42€ and 25.18€, which gives a possible trading interval of +/-0.383€ (+/-1.54%) up or down from last closing price. If Freenet AG takes out the full calculated possible swing range there will be an estimated 3.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 25.00€ (0.81%) than the support at 23.98€ (3.31%), 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 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. 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: -1.229 Sell Candidate Downgraded
Predicted Opening Price for Freenet AG of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 24.79€ ( 0.0269%) | 24.80€ |
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 | 24.97 | 0.699% |
| R2 | 24.90 | 0.422% |
| R1 | 24.86 | 0.250% |
| Price | 24.80 | |
| S1 | 24.72 | -0.304% |
| S2 | 24.68 | -0.475% |
| S3 | 24.61 | -0.753% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.38 | 2.34% |
| R2 | 25.16 | 1.45% |
| R1 | 25.00 | 0.81% |
| Price | 24.80 | |
| S1 | 23.98 | -3.31% |
| S2 | 23.88 | -3.71% |
| S3 | 23.02 | -7.18% |
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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