GEA Group Aktiengesellschaft Stock Forecast
GEA Group Aktiengesellschaft stock upgraded from Buy Candidate to Strong Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The GEA Group Aktiengesellschaft stock price gained 2.55% on the last trading day (Tuesday, 2nd Jul 2024), rising from 39.26€ to 40.26€. During the last trading day the stock fluctuated 3.44% from a day low at 38.92€ to a day high of 40.26€. The price has risen in 8 of the last 10 days and is up by 5.95% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 109 thousand more shares were traded than the day before. In total, 464 thousand shares were bought and sold for approximately 18.67€ million.
Given the current short-term trend, the stock is expected to rise 3.27% during the next 3 months and, with a 90% probability hold a price between 38.53€ and 41.57€ at the end of this 3-month period.
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G1A.DE Signals & Forecast
Mostly positive signals in the chart today. The GEA Group Aktiengesellschaft 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 39.34€ and 38.28€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 10.42%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for GEA Group Aktiengesellschaft stock
GEA Group Aktiengesellschaft finds support from accumulated volume at 39.22€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 1.34€ (3.44%) between high and low. For the last week, the stock has had daily average volatility of 2.14%.
Our recommended stop-loss: 38.75€ (-3.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 69 days ago.)
Trading Expectations (G1A.DE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect GEA Group Aktiengesellschaft to open at 39.81€, and during the day (based on 14 day Average True Range), to move between 39.45€ and 41.07€, which gives a possible trading interval of +/-0.81€ (+/-2.00%) up or down from last closing price. If GEA Group Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 4.00% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 39.22€, some 1.04€ (2.58%) from the current price of 40.26€, our system finds the risk reward attractive.
Is GEA Group Aktiengesellschaft stock A Buy?
GEA Group Aktiengesellschaft holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.222 Strong Buy Candidate Upgraded
Predicted Opening Price for GEA Group Aktiengesellschaft of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 39.81€ ( 1.11%) | 40.26€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for G1A.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.15 | 2.22% |
| R2 | 40.64 | 0.95% |
| R1 | 40.33 | 0.162% |
| Price | 40.26 | |
| S1 | 39.30 | -2.38% |
| S2 | 38.99 | -3.17% |
| S3 | 38.47 | -4.44% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 40.26 | |
| S1 | 39.22 | -2.58% |
| S2 | 38.28 | -4.92% |
| S3 | 38.00 | -5.61% |
G1A Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 06, 2024 | 1.00€ | 2.71% |
| 2 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | 0.95€ | 2.23% |
| 3 | Apr 29, 2022 | Apr 29, 2022 | Apr 29, 2022 | 0.90€ | 2.42% |
| 4 | May 03, 2021 | May 03, 2021 | May 03, 2021 | 0.85€ | 2.37% |
| 5 | Nov 27, 2020 | Nov 27, 2020 | Nov 27, 2020 | 0.430€ | 1.49% |
FAQ
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