Gerresheimer AG Stock Forecast
Evaluation of Gerresheimer AG stock downgraded after the last trading session.
(Updated on May 17, 2024)
The Gerresheimer AG stock price fell by -2.64% on the last day (Friday, 17th May 2024) from 102.10€ to 99.40€. During the last trading day the stock fluctuated 3.40% from a day low at 98.55€ to a day high of 101.90€. The price has risen in 6 of the last 10 days but is still down by -2.55% 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 -6 thousand shares and in total, 75 thousand shares were bought and sold for approximately 7.44€ million.
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 -2.92% during the next 3 months and, with a 90% probability hold a price between 93.62€ and 104.55€ at the end of this 3-month period.
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GXI.F Signals & Forecast
There are mixed signals in the stock today. The Gerresheimer 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 100.12€ and 101.67€. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.84%. 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).
Support, Risk & Stop-loss for Gerresheimer AG stock
Gerresheimer AG finds support from accumulated volume at 99.00€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 3.35€ between high and low, or 3.40%. For the last week the stock has had daily average volatility of 3.61%.
Our recommended stop-loss: 93.45€ (-5.99%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (GXI.F) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Gerresheimer AG to open at 99.95€, and during the day (based on 14 day Average True Range), to move between 96.06€ and 102.74€, which gives a possible trading interval of +/-3.34€ (+/-3.36%) up or down from last closing price. If Gerresheimer AG takes out the full calculated possible swing range there will be an estimated 6.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 99.00€ (0.40%) than the resistance at 101.60€ (2.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.422 Hold/Accumulate Downgraded
Predicted Opening Price for Gerresheimer AG of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 99.95€ ( 0.553%) | 99.40€ |
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 | 103.30 | 3.92 % | |
| R2 | 102.02 | 2.64 % | ||
| R1 | 101.23 | 1.84 % | ||
| Current price: | 99.40 | |||
| Support | S1 | 98.67 | -0.734 % | |
| S2 | 97.88 | -1.53 % | ||
| S3 | 96.60 | -2.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 104.00 | 4.63 % | |
| R2 | 102.10 | 2.72 % | ||
| R1 | 101.60 | 2.21 % | ||
| Current price | 99.40 | |||
| Support | S1 | 99.00 | -0.402% | |
| S2 | 98.90 | -0.503% | ||
| S3 | 90.00 | -9.46% |
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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