GEA Group Aktiengesellschaft Stock Forecast
GEA Group Aktiengesellschaft stock price ended at 37.46€ on Friday, after gaining 0.160%.
(Updated on May 17, 2024)
The GEA Group Aktiengesellschaft stock price gained 0.160% on the last trading day (Friday, 17th May 2024), rising from 37.40€ to 37.46€. During the last trading day the stock fluctuated 1.24% from a day low at 37.18€ to a day high of 37.64€. The price has been going up and down for this period, and there has been a 2.74% gain for the last 2 weeks. Volume fell on the last day by -34 thousand shares and in total, 193 thousand shares were bought and sold for approximately 7.22€ 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 stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect GEA Group Aktiengesellschaft stock with a 90% probability to be traded between 36.21€ and 39.30€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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G1A.F Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. 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. On corrections up, there will be some resistance from the lines at 37.88€ and 37.78€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -2.40%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for GEA Group Aktiengesellschaft stock
GEA Group Aktiengesellschaft finds support from accumulated volume at 37.27€ 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 0.460€ between high and low, or 1.24%. For the last week the stock has had daily average volatility of 1.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (G1A.F) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect GEA Group Aktiengesellschaft to open at 37.43€, and during the day (based on 14 day Average True Range), to move between 36.82€ and 38.10€, which gives a possible trading interval of +/-0.640€ (+/-1.71%) up or down from last closing price. If GEA Group Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 3.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 37.27€ (0.51%) than the resistance at 37.90€ (1.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: -3.450 Sell Candidate Unchanged
Predicted Opening Price for GEA Group Aktiengesellschaft of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 37.43€ ( 0.0890%) | 37.46€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for G1A.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.89 | 1.14 % | |
| R2 | 37.71 | 0.670 % | ||
| R1 | 37.60 | 0.380 % | ||
| Current price: | 37.46 | |||
| Support | S1 | 37.25 | -0.558 % | |
| S2 | 37.14 | -0.85 % | ||
| S3 | 36.97 | -1.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.36 | 2.40 % | |
| R2 | 38.13 | 1.79 % | ||
| R1 | 37.90 | 1.17 % | ||
| Current price | 37.46 | |||
| Support | S1 | 37.27 | -0.507% | |
| S2 | 37.12 | -0.91% | ||
| S3 | 36.24 | -3.26% |
G1A Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 06, 2024 | 1.00€ | 0% |
| 2 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | 0.95€ | 0% |
| 3 | Apr 29, 2022 | Apr 29, 2022 | Apr 29, 2022 | 0.90€ | 0% |
| 4 | May 03, 2021 | May 03, 2021 | May 03, 2021 | 0.85€ | 0% |
| 5 | Nov 27, 2020 | Nov 27, 2020 | Nov 27, 2020 | 0.430€ | 0% |
FAQ
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