GRENKE AG Stock Forecast
Evaluation of GRENKE AG stock downgraded after the last trading session.
(Updated on Jun 25, 2024)
No changes to the price of GRENKE AG stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0.478% from a day low at 20.90€ to a day high of 21.00€. The price has risen in 6 of the last 10 days and is up by 0.72% over the past 2 weeks.
The stock lies in the middle of a 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 -12.30% during the next 3 months and, with a 90% probability hold a price between 17.37€ and 19.11€ 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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GLJ.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 4.22%. 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 GRENKE AG stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 21.31€. On a fall, the stock will find some support from the short-term average at 20.83€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for GRENKE AG stock
GRENKE AG finds support from accumulated volume at 20.90€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.100€ between high and low, or 0.478%. For the last week the stock has had daily average volatility of 0.96%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GLJ.F) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect GRENKE AG to open at 20.97€, and during the day (based on 14 day Average True Range), to move between 20.61€ and 21.39€, which gives a possible trading interval of +/-0.386€ (+/-1.84%) up or down from last closing price. If GRENKE AG takes out the full calculated possible swing range there will be an estimated 3.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 20.90€ (0.48%) than the resistance at 21.60€ (2.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GRENKE AG stock A Buy?
GRENKE AG holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.809 Sell Candidate Downgraded
Predicted Opening Price for GRENKE AG of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
20.97€ ( 0.159%) | 21.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLJ.F
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 21.07 | 0.317% |
R2 | 21.03 | 0.136% |
R1 | 21.00 | 0.0232% |
Price | 21.00 | |
S1 | 20.93 | -0.341% |
S2 | 20.90 | -0.453% |
S3 | 20.87 | -0.635% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 23.50 | 11.90% |
R2 | 22.50 | 7.14% |
R1 | 21.60 | 2.86% |
Price | 21.00 | |
S1 | 20.90 | -0.476% |
S2 | 20.85 | -0.714% |
S3 | 20.15 | -4.05% |
GLJ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 02, 2024 | May 02, 2024 | May 06, 2024 | 0.470€ | 0% |
2 | May 17, 2023 | May 17, 2023 | May 17, 2023 | 0.450€ | 0% |
3 | May 26, 2022 | May 26, 2022 | May 26, 2022 | 0.510€ | 0% |
4 | Jul 30, 2021 | Jul 30, 2021 | Jul 30, 2021 | 0.260€ | 0% |
5 | Aug 06, 2020 | Aug 07, 2020 | Sep 07, 2020 | 0.80€ | 0% |
FAQ
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