Scout24 AG Stock Forecast
Stronger technical forecast for Scout24 AG stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Scout24 AG stock price fell by -0.140% on the last day (Tuesday, 25th Jun 2024) from 71.45€ to 71.35€. During the last trading day the stock fluctuated 1.20% from a day low at 70.95€ to a day high of 71.80€. The price has risen in 6 of the last 10 days and is up by 0.14% over the past 2 weeks. Volume has increased on the last day by 16 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, 88 thousand shares were bought and sold for approximately 6.27€ million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.76% during the next 3 months and, with a 90% probability hold a price between 72.02€ and 76.83€ at the end of this 3-month period.
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G24.DE Signals & Forecast
The Scout24 AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 70.52€ and 71.09€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 3.18%. 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. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A buy signal from a double bottom formation was found on Monday, June 17, 2024 and based on theory for this formation the price should go up by 1.64% to 72.52€ within 13 trading days since signal was issued (Thursday, July 04, 2024).
Support, Risk & Stop-loss for Scout24 AG stock
Scout24 AG finds support from accumulated volume at 71.25€ 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 0.85€ between high and low, or 1.20%. For the last week the stock has had daily average volatility of 1.31%.
Our recommended stop-loss: 68.27€ (-4.32%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (G24.DE) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Scout24 AG to open at 71.37€, and during the day (based on 14 day Average True Range), to move between 70.11€ and 72.59€, which gives a possible trading interval of +/-1.24€ (+/-1.73%) up or down from last closing price. If Scout24 AG takes out the full calculated possible swing range there will be an estimated 3.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 71.25€ (0.14%) than the resistance at 71.45€ (0.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Scout24 AG stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Scout24 AG stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.042 Buy Candidate Upgraded
Predicted Opening Price for Scout24 AG of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 71.37€ ( 0.0234%) | 71.35€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for G24.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 72.22 | 1.21% |
| R2 | 71.89 | 0.760% |
| R1 | 71.69 | 0.478% |
| Price | 71.35 | |
| S1 | 71.04 | -0.432% |
| S2 | 70.84 | -0.713% |
| S3 | 70.52 | -1.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 71.75 | 0.561% |
| R2 | 71.55 | 0.280% |
| R1 | 71.45 | 0.140% |
| Price | 71.35 | |
| S1 | 71.25 | -0.140% |
| S2 | 69.20 | -3.01% |
| S3 | 68.85 | -3.50% |
G24 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2024 | Jun 06, 2024 | Jun 10, 2024 | 1.20€ | 1.68% |
| 2 | Jun 23, 2023 | Jun 23, 2023 | Jun 23, 2023 | 1.00€ | 1.74% |
| 3 | Jul 01, 2022 | Jul 01, 2022 | Jul 01, 2022 | 0.85€ | 1.75% |
| 4 | Jul 09, 2021 | Jul 09, 2021 | Jul 09, 2021 | 0.82€ | 1.16% |
| 5 | Feb 26, 2020 | Jun 19, 2020 | Jun 23, 2020 | 1.82€ | 2.64% |
FAQ
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