Grammer AG Stock Forecast
Grammer AG stock downgraded to Strong Sell Candidate
(Updated on Jun 20, 2024)
The Grammer AG stock price fell by -3.85% on the last day (Thursday, 20th Jun 2024) from 9.10€ to 8.75€. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 1.71% from a day low at 8.75€ to a day high of 8.90€. The price has fallen in 7 of the last 10 days and is down by -17.45% for this period. 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 -2 thousand shares and in total, 506 shares were bought and sold for approximately 4.43€ thousand.
The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (9.29€) are considered to be a "second chance" to get out. According to the fan-theory 7.84€ will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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GMM.F Signals & Forecast
There are few to no technical positive signals at the moment. 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 9.70€ and 10.28€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -18.98%. 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). 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 Grammer AG stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.150€ between high and low, or 1.71%. For the last week the stock has had daily average volatility of 4.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GMM.F) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Grammer AG to open at 8.80€, and during the day (based on 14 day Average True Range), to move between 8.39€ and 9.11€, which gives a possible trading interval of +/-0.358€ (+/-4.09%) up or down from last closing price. If Grammer AG takes out the full calculated possible swing range there will be an estimated 8.17% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 9.90€, some 1.15€ (13.14%) from the current price of 8.75€, our system finds the risk reward not very attractive.
Is Grammer AG stock A Buy?
Grammer AG holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -6.401 Strong Sell Candidate Downgraded
Predicted Opening Price for Grammer AG of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| 8.80€ ( 0.571%) | 8.75€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GMM.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.95 | 2.29% |
| R2 | 8.89 | 1.63% |
| R1 | 8.86 | 1.23% |
| Price | 8.75 | |
| S1 | 8.74 | -0.0834% |
| S2 | 8.71 | -0.488% |
| S3 | 8.65 | -1.14% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.50 | 20.00% |
| R2 | 10.40 | 18.86% |
| R1 | 9.90 | 13.14% |
| Price | 8.75 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
GMM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2019 | Jul 15, 2019 | Jul 17, 2019 | 0.734€ | 0% |
| 2 | Mar 21, 2018 | Jun 14, 2018 | Jun 18, 2018 | 1.22€ | 0% |
| 3 | May 25, 2017 | May 25, 2017 | May 25, 2017 | 1.27€ | 0% |
| 4 | Mar 30, 2016 | May 12, 2016 | May 12, 2016 | 0.734€ | 0% |
| 5 | Mar 30, 2015 | May 21, 2015 | May 21, 2015 | 0.734€ | 0% |
FAQ
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