Gigaset AG Stock Forecast
Volatile ride for Gigaset AG stock price on Tuesday moving between 0.0352€ and 0.0420€
(Updated on Jun 25, 2024)
The Gigaset AG stock price fell by -5.14% on the last day (Tuesday, 25th Jun 2024) from 0.0428€ to 0.0406€. During the last trading day the stock fluctuated 19.32% from a day low at 0.0352€ to a day high of 0.0420€. The price has been going up and down for this period, and there has been a 23.03% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -23 thousand shares and in total, 500 shares were bought and sold for approximately 20.30€ .
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 0.0431€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -12.94% during the next 3 months and, with a 90% probability hold a price between 0.0232€ and 0.0375€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GGS.F Signals & Forecast
The Gigaset AG 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 0.0368€ and 0.0365€. A breakdown below any of these levels will issue sell signals. 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 Monday, June 24, 2024, and so far it has fallen -5.14%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Gigaset AG stock
Gigaset AG finds support from accumulated volume at 0.0400€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved 0.0068€ between high and low, or 19.32%. For the last week the stock has had daily average volatility of 28.73%.
Our recommended stop-loss: 0.0383€ (-5.57%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (GGS.F) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Gigaset AG to open at 0.0393€, and during the day (based on 14 day Average True Range), to move between 0.0284€ and 0.0528€, which gives a possible trading interval of +/-0.0122€ (+/-30.00%) up or down from last closing price. If Gigaset AG takes out the full calculated possible swing range there will be an estimated 60.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 0.0400€ (1.48%) than the resistance at 0.0428€ (5.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gigaset AG stock A Buy?
Gigaset 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.667 Hold/Accumulate Downgraded
Predicted Opening Price for Gigaset AG of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 0.0393€ ( 3.28%) | 0.0406€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GGS.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0461 | 13.46% |
| R2 | 0.0435 | 7.07% |
| R1 | 0.0419 | 3.11% |
| Price | 0.0406 | |
| S1 | 0.0367 | -9.68% |
| S2 | 0.0351 | -13.63% |
| S3 | 0.0325 | -20.03% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0462 | 13.79% |
| R2 | 0.0440 | 8.37% |
| R1 | 0.0428 | 5.42% |
| Price | 0.0406 | |
| S1 | 0.0400 | -1.48% |
| S2 | 0.0340 | -16.26% |
| S3 | 0.0320 | -21.18% |
GGS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 04, 2008 | Jul 04, 2008 | Jul 04, 2008 | 0.510€ | 0% |
| 2 | Feb 21, 2007 | Jun 22, 2007 | Jun 22, 2007 | 0.510€ | 0% |
| 3 | Apr 05, 2006 | May 31, 2006 | May 31, 2006 | 0.205€ | 0% |
| 4 | Apr 26, 2005 | Jul 15, 2005 | Jul 15, 2005 | 0.115€ | 0% |
| 5 | May 19, 2004 | Jul 02, 2004 | Jul 02, 2004 | 0.100€ | 0% |
FAQ
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