Gerresheimer 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
Gerresheimer AG stock price down 1.89% on Tuesday
(Updated on May 28, 2024)
The Gerresheimer AG stock price fell by -1.89% on the last day (Tuesday, 28th May 2024) from 105.80€ to 103.80€. During the last trading day the stock fluctuated 3.86% from a day low at 103.50€ to a day high of 107.50€. The price has fallen in 6 of the last 10 days but is still up by 3.28% over the past 2 weeks. Volume has increased on the last day by 17 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 81 thousand shares were bought and sold for approximately 8.42€ million.
The stock lies the upper part of a 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 106.47€ 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 -6.15% during the next 3 months and, with a 90% probability hold a price between 87.03€ and 99.92€ 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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GXI.DE Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -2.72%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Gerresheimer 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 101.07€ and 100.99€. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Gerresheimer AG stock
Gerresheimer AG finds support from accumulated volume at 101.60€ 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 4.00€ between high and low, or 3.86%. For the last week, the stock has had daily average volatility of 4.50%.
Our recommended stop-loss: 99.85€ (-3.81%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (GXI.DE) For The Upcoming Trading Day Of Wednesday 29th
For the upcoming trading day on Wednesday, 29th we expect Gerresheimer AG to open at 104.93€, and during the day (based on 14 day Average True Range), to move between 99.77€ and 107.83€, which gives a possible trading interval of +/-4.03€ (+/-3.88%) up or down from last closing price. If Gerresheimer AG takes out the full calculated possible swing range there will be an estimated 7.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 104.00€ (0.19%) than the support at 101.60€ (2.12%), 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 Gerresheimer AG stock A Buy?
Gerresheimer 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.
Current score: -0.231 Hold/Accumulate Unchanged
Predicted Opening Price for Gerresheimer AG of Wednesday, May 29, 2024
| Fair opening price May 29, 2024 | Current price |
|---|---|
| 104.93€ ( 1.09%) | 103.80€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GXI.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 108.93 | 4.95 % | |
| R2 | 107.41 | 3.47 % | ||
| R1 | 106.46 | 2.56 % | ||
| Current price: | 103.80 | |||
| Support | S1 | 103.41 | -0.380 % | |
| S2 | 102.46 | -1.29 % | ||
| S3 | 100.93 | -2.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 105.20 | 1.35 % | |
| R2 | 105.00 | 1.16 % | ||
| R1 | 104.00 | 0.193 % | ||
| Current price | 103.80 | |||
| Support | S1 | 101.60 | -2.12% | |
| S2 | 100.00 | -3.66% | ||
| S3 | 93.20 | -10.21% |
GXI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2024 | Jun 06, 2024 | Jun 06, 2024 | 0€ | 0% |
| 2 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | 1.25€ | 1.18% |
| 3 | Jun 09, 2022 | Jun 09, 2022 | Jun 09, 2022 | 1.25€ | 1.71% |
| 4 | Jun 10, 2021 | Jun 10, 2021 | Jun 10, 2021 | 1.25€ | 1.36% |
| 5 | Feb 19, 2020 | Jun 25, 2020 | Jun 29, 2020 | 1.20€ | 1.47% |
FAQ
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