Gigaset 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
Big movements in Gigaset AG stock price on Friday moving 18.13% between high and low
(Updated on Jun 28, 2024)
The Gigaset AG stock price gained 3.13% on the last trading day (Friday, 28th Jun 2024), rising from 0.0320€ to 0.0330€. During the last trading day the stock fluctuated 18.13% from a day low at 0.0320€ to a day high of 0.0378€. The price has fallen in 5 of the last 10 days. Volume fell on the last day by -2 thousand shares and in total, 2 thousand shares were bought and sold for approximately 66.00€ . 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 lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.57% during the next 3 months and, with a 90% probability hold a price between 0.0232€ and 0.0373€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GGS.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 3.13%. 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. The Gigaset AG 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 0.0358€ and 0.0361€. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. 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 0.0320€ 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 0.0058€ between high and low, or 18.13%. For the last week the stock has had daily average volatility of 23.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GGS.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Gigaset AG to open at 0.0343€, and during the day (based on 14 day Average True Range), to move between 0.0217€ and 0.0443€, which gives a possible trading interval of +/-0.0113€ (+/-34.33%) up or down from last closing price. If Gigaset AG takes out the full calculated possible swing range there will be an estimated 68.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 0.0340€ (3.03%) than the support at 0.0320€ (3.03%), 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 Gigaset AG stock A Buy?
Gigaset AG holds several negative signals and is within a very wide and 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.343 Sell Candidate Upgraded
Predicted Opening Price for Gigaset AG of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 0.0343€ ( 3.84%) | 0.0330€ |
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 | 0.0401 | 21.41% |
| R2 | 0.0379 | 14.70% |
| R1 | 0.0365 | 10.55% |
| Price | 0.0330 | |
| S1 | 0.0321 | -2.88% |
| S2 | 0.0307 | -7.02% |
| S3 | 0.0285 | -13.74% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0400 | 21.21% |
| R2 | 0.0380 | 15.15% |
| R1 | 0.0340 | 3.03% |
| Price | 0.0330 | |
| S1 | 0.0320 | -3.03% |
| S2 | 0.0304 | -7.88% |
| S3 | 0.0300 | -9.09% |
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
Click here for our free guide on how to buy Gigaset AG Stock.
