Fraport AG Stock Forecast
Weaker technical forecast for Fraport AG as stock downgraded to Sell Candidate.
(Updated on May 10, 2024)
The Fraport AG stock price fell by -2.68% on the last day (Friday, 10th May 2024) from 48.44€ to 47.14€. During the last trading day the stock fluctuated 3.90% from a day low at 47.14€ to a day high of 48.98€. The price has risen in 6 of the last 10 days and is up by 0.73% over the past 2 weeks. Volume has increased on the last day by 58 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, 168 thousand shares were bought and sold for approximately 7.91€ million.
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 -11.97% during the next 3 months and, with a 90% probability hold a price between 37.52€ and 43.23€ 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FRA.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.98%. 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 Fraport 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 48.00€ and 47.37€. A break-up above any of these levels will issue buy signals. 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 Fraport AG stock
Fraport AG finds support from accumulated volume at 47.08€ 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 1.84€ between high and low, or 3.90%. For the last week, the stock has had daily average volatility of 1.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FRA.DE) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Fraport AG to open at 47.75€, and during the day (based on 14 day Average True Range), to move between 46.07€ and 48.21€, which gives a possible trading interval of +/-1.07€ (+/-2.26%) up or down from last closing price. If Fraport 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 47.08€ (0.13%) than the resistance at 48.44€ (2.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Fraport AG will release earnings BMO on Tuesday, May 14, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0100. We will update the financials statements for Fraport AG, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.67% in the first trading day after earnings release.
Is Fraport AG stock A Buy?
Fraport 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 Buy to a Sell candidate.
Current score: -2.237 Sell Candidate Downgraded
Predicted Opening Price for Fraport AG of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| 47.75€ ( 1.30%) | 47.14€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FRA.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.59 | 5.20 % | |
| R2 | 48.89 | 3.71 % | ||
| R1 | 48.46 | 2.79 % | ||
| Current price: | 47.14 | |||
| Support | S1 | 47.05 | -0.190 % | |
| S2 | 46.62 | -1.11 % | ||
| S3 | 45.91 | -2.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51.40 | 9.04 % | |
| R2 | 49.26 | 4.50 % | ||
| R1 | 48.44 | 2.76 % | ||
| Current price | 47.14 | |||
| Support | S1 | 47.08 | -0.127% | |
| S2 | 45.50 | -3.48% | ||
| S3 | 44.78 | -5.01% |
FRA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 02, 2024 | 0€ | 0% |
| 2 | May 27, 2020 | May 27, 2020 | May 27, 2020 | 2.00€ | 4.27% |
| 3 | Mar 19, 2019 | May 29, 2019 | May 31, 2019 | 2.00€ | 2.84% |
| 4 | Mar 16, 2018 | May 30, 2018 | Jun 01, 2018 | 1.50€ | 1.87% |
| 5 | Mar 17, 2017 | May 24, 2017 | May 29, 2017 | 1.50€ | 2.10% |
FAQ
Click here for our free guide on how to buy Fraport AG Stock.
