GEA Group Aktiengesellschaft Stock Forecast
Red day on Friday for GEA Group Aktiengesellschaft stock after losing 0.654%
(Updated on May 03, 2024)
The GEA Group Aktiengesellschaft stock price fell by -0.654% on the last day (Friday, 3rd May 2024) from 36.70€ to 36.46€. During the last trading day the stock fluctuated 1.48% from a day low at 36.38€ to a day high of 36.92€. The price has risen in 6 of the last 10 days but is still down by -1.51% for this period. Volume has increased on the last day by 114 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, 297 thousand shares were bought and sold for approximately 10.83€ million.
The stock has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately 36.48€ is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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G1A.DE Signals & Forecast
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 GEA Group Aktiengesellschaft stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 37.18€ and 38.02€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -8.09%. Further fall is indicated until a new bottom pivot has been found. 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 GEA Group Aktiengesellschaft stock
GEA Group Aktiengesellschaft finds support from accumulated volume at 36.24€ 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 0.540€ between high and low, or 1.48%. For the last week the stock has had daily average volatility of 1.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (G1A.DE) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect GEA Group Aktiengesellschaft to open at 36.59€, and during the day (based on 14 day Average True Range), to move between 35.79€ and 37.13€, which gives a possible trading interval of +/-0.675€ (+/-1.85%) up or down from last closing price. If GEA Group Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 3.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 36.24€ (0.60%) than the resistance at 37.12€ (1.81%), 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
GEA Group Aktiengesellschaft will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.520. We will update the financials statements for GEA Group Aktiengesellschaft, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.23% in the first trading day after earnings release.
Is GEA Group Aktiengesellschaft stock A Buy?
GEA Group Aktiengesellschaft holds several negative signals and is within a 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.
Current score: -1.061 Sell Candidate Unchanged
Predicted Opening Price for GEA Group Aktiengesellschaft of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 36.59€ ( 0.347%) | 36.46€ |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 37.13 | 1.83 % | |
| R2 | 36.92 | 1.26 % | ||
| R1 | 36.79 | 0.91 % | ||
| Current price: | 36.46 | |||
| Support | S1 | 36.38 | -0.218 % | |
| S2 | 36.25 | -0.568 % | ||
| S3 | 36.05 | -1.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.36 | 5.21 % | |
| R2 | 37.27 | 2.22 % | ||
| R1 | 37.12 | 1.81 % | ||
| Current price | 36.46 | |||
| Support | S1 | 36.24 | -0.603% | |
| S2 | 36.13 | -0.91% | ||
| S3 | 0 | . |
G1A Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 06, 2024 | 1.00€ | 2.74% |
| 2 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | 0.95€ | 2.24% |
| 3 | Apr 29, 2022 | Apr 29, 2022 | Apr 29, 2022 | 0.90€ | 2.44% |
| 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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