Scout24 AG Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Scout24 AG stock upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Scout24 AG stock price fell by -0.767% on the last day (Friday, 28th Jun 2024) from 71.75€ to 71.20€. During the last trading day the stock fluctuated 6.75% from a day low at 67.40€ to a day high of 71.95€. The price has risen in 6 of the last 10 days and is up by 1.14% over the past 2 weeks. Volume has increased on the last day by 61 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, 170 thousand shares were bought and sold for approximately 12.10€ 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 3.97% during the next 3 months and, with a 90% probability hold a price between 72.32€ and 77.19€ at the end of this 3-month period.
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G24.DE Signals & Forecast
The Scout24 AG stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 71.44€. On a fall, the stock will find some support from the long-term average at approximately 71.12€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -1.73%. 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.
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 1.86% 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 70.10€ 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 4.55€ between high and low, or 6.75%. For the last week the stock has had daily average volatility of 2.50%.
Our recommended stop-loss: 68.78€ (-3.40%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (G24.DE) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Scout24 AG to open at 70.18€, and during the day (based on 14 day Average True Range), to move between 69.75€ and 72.65€, which gives a possible trading interval of +/-1.45€ (+/-2.04%) up or down from last closing price. If Scout24 AG takes out the full calculated possible swing range there will be an estimated 4.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 71.25€ (0.07%) than the support at 70.10€ (1.54%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Scout24 AG stock A Buy?
Scout24 AG holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.887 Hold/Accumulate Upgraded
Predicted Opening Price for Scout24 AG of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 70.18€ ( 1.43%) | 71.20€ |
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 | 74.73 | 4.96% |
| R2 | 73.00 | 2.52% |
| R1 | 71.92 | 1.01% |
| Price | 71.20 | |
| S1 | 68.45 | -3.87% |
| S2 | 67.37 | -5.38% |
| S3 | 65.63 | -7.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 71.75 | 0.772% |
| R2 | 71.55 | 0.492% |
| R1 | 71.25 | 0.0702% |
| Price | 71.20 | |
| S1 | 70.10 | -1.54% |
| S2 | 69.20 | -2.81% |
| S3 | 68.85 | -3.30% |
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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