Gerresheimer AG Stock Forecast
Stronger technical forecast for Gerresheimer AG stock price after Tuesday trading.
(Updated on May 07, 2024)
The Gerresheimer AG stock price gained 1.17% on the last trading day (Tuesday, 7th May 2024), rising from 102.30€ to 103.50€. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.57% from a day low at 102.10€ to a day high of 103.70€. The price has risen in 7 of the last 10 days and is up by 2.17% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 41 thousand shares were bought and sold for approximately 4.27€ million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.12% during the next 3 months and, with a 90% probability hold a price between 97.55€ and 119.93€ at the end of this 3-month period.
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GXI.F Signals & Forecast
The Gerresheimer AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 101.61€ and 102.85€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 06, 2024, and so far it has fallen -6.17%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Gerresheimer AG stock
Gerresheimer AG finds support from accumulated volume at 102.10€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 1.60€ (1.57%) between high and low. For the last week, the stock has had daily average volatility of 2.03%.
Our recommended stop-loss: 97.72€ (-5.58%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 41 days ago.)
Trading Expectations (GXI.F) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Gerresheimer AG to open at 103.10€, and during the day (based on 14 day Average True Range), to move between 100.58€ and 106.42€, which gives a possible trading interval of +/-2.92€ (+/-2.83%) up or down from last closing price. If Gerresheimer AG takes out the full calculated possible swing range there will be an estimated 5.65% 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€ (0.48%) than the support at 102.10€ (1.35%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.251 Hold/Accumulate Upgraded
Predicted Opening Price for Gerresheimer AG of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| 103.10€ ( 0.386%) | 103.50€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GXI.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 104.70 | 1.16 % | |
| R2 | 104.09 | 0.569 % | ||
| R1 | 103.71 | 0.204 % | ||
| Current price: | 103.50 | |||
| Support | S1 | 102.49 | -0.98 % | |
| S2 | 102.11 | -1.34 % | ||
| S3 | 101.50 | -1.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 108.40 | 4.73 % | |
| R2 | 105.20 | 1.64 % | ||
| R1 | 104.00 | 0.483 % | ||
| Current price | 103.50 | |||
| Support | S1 | 102.10 | -1.35% | |
| S2 | 101.60 | -1.84% | ||
| S3 | 100.00 | -3.38% |
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€ | 0% |
| 3 | Jun 09, 2022 | Jun 09, 2022 | Jun 09, 2022 | 1.25€ | 0% |
| 4 | Jun 10, 2021 | Jun 10, 2021 | Jun 10, 2021 | 1.25€ | 0% |
| 5 | Feb 19, 2020 | Jun 25, 2020 | Jun 29, 2020 | 1.20€ | 0% |
FAQ
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