Grammer AG Stock Forecast
Red day on Friday for Grammer AG
(Updated on May 31, 2024)
No changes to the price of Grammer AG stock on the last trading day (Friday, 31st May 2024). During the last trading day the stock fluctuated 0.99% from a day low at 10.10€ to a day high of 10.20€. The price has been going up and down for this period, and there has been a -0.98% loss for the last 2 weeks.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 9.95€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 10.07% during the next 3 months and, with a 90% probability hold a price between 10.95€ and 12.65€ at the end of this 3-month period.
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GMM.DE Signals & Forecast
Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Grammer 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 10.16€ and 10.52€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -9.01%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Grammer AG stock
Grammer AG finds support from accumulated volume at 9.90€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.1000€ between high and low, or 0.99%. For the last week, the stock has had daily average volatility of 2.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GMM.DE) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Grammer AG to open at 10.13€, and during the day (based on 14 day Average True Range), to move between 9.79€ and 10.41€, which gives a possible trading interval of +/-0.310€ (+/-3.07%) up or down from last closing price. If Grammer AG takes out the full calculated possible swing range there will be an estimated 6.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 9.90€ (1.98%) than the resistance at 10.40€ (2.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Grammer AG will release earnings BMO on Tuesday, June 04, 2024. We will update the financials statements for Grammer AG, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.33% in the first trading day after earnings release.
Is Grammer AG stock A Buy?
The Grammer AG stock holds several negative signals and despite the positive trend, we believe Grammer AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.488 Sell Candidate Unchanged
Predicted Opening Price for Grammer AG of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 10.13€ ( 0.330%) | 10.10€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GMM.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.23 | 1.32 % | |
| R2 | 10.20 | 0.94 % | ||
| R1 | 10.17 | 0.708 % | ||
| Current price: | 10.10 | |||
| Support | S1 | 10.10 | -0.0482 % | |
| S2 | 10.07 | -0.282 % | ||
| S3 | 10.03 | -0.660 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.00 | 8.91 % | |
| R2 | 10.50 | 3.96 % | ||
| R1 | 10.40 | 2.97 % | ||
| Current price | 10.10 | |||
| Support | S1 | 9.90 | -1.98% | |
| S2 | 9.80 | -2.97% | ||
| S3 | 9.05 | -10.40% |
GMM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2019 | Jul 15, 2019 | Jul 17, 2019 | 0.734€ | 2.26% |
| 2 | Mar 21, 2018 | Jun 14, 2018 | Jun 18, 2018 | 1.22€ | 1.94% |
| 3 | May 25, 2017 | May 25, 2017 | May 25, 2017 | 1.27€ | 2.53% |
| 4 | Mar 30, 2016 | May 12, 2016 | May 12, 2016 | 0.734€ | 2.34% |
| 5 | Mar 30, 2015 | May 21, 2015 | May 21, 2015 | 0.734€ | 2.03% |
FAQ
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