Ernst Russ AG Stock Forecast
Red day on Monday for Ernst Russ AG
(Updated on Jun 17, 2024)
No changes to the price of Ernst Russ AG stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 1.11% from a day low at 5.40€ to a day high of 5.46€. The price has fallen in 6 of the last 10 days and is down by -4.88% for this period.
The stock has broken the very wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at 5.47€. A reaction back to this level may hold a second chance to get out before further falls.
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HXCK.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ernst Russ 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 5.50€ and 6.39€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ernst Russ 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 may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved 0.0600€ between high and low, or 1.11%. For the last week the stock has had daily average volatility of 3.20%.
Ernst Russ AG is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HXCK.DE) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Ernst Russ AG to open at 5.44€, and during the day (based on 14 day Average True Range), to move between 5.13€ and 5.79€, which gives a possible trading interval of +/-0.327€ (+/-5.99%) up or down from last closing price. If Ernst Russ AG takes out the full calculated possible swing range there will be an estimated 11.99% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 5.52€, some 0.0600€ (1.10%) from the current price of 5.46€, our system finds the risk reward not very attractive.
Is Ernst Russ AG stock A Buy?
The Ernst Russ AG stock holds several negative signals and despite the positive trend, we believe Ernst Russ AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.884 Sell Candidate Unchanged
Predicted Opening Price for Ernst Russ AG of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| 5.44€ ( 0.366%) | 5.46€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HXCK.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.50 | 0.733% |
| R2 | 5.48 | 0.313% |
| R1 | 5.46 | 0.0535% |
| Price | 5.46 | |
| S1 | 5.42 | -0.786% |
| S2 | 5.40 | -1.05% |
| S3 | 5.38 | -1.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.40 | 17.22% |
| R2 | 5.74 | 5.13% |
| R1 | 5.52 | 1.10% |
| Price | 5.46 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
HXCK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 01, 2024 | 1.00€ | 15.58% |
| 2 | May 11, 2023 | May 11, 2023 | May 11, 2023 | 0.200€ | 4.28% |
| 3 | Mar 06, 2008 | May 16, 2008 | May 19, 2008 | 0.677€ | 5.59% |
| 4 | Dec 19, 2006 | May 11, 2007 | May 11, 2007 | 1.35€ | 8.63% |
| 5 | Feb 14, 2006 | May 19, 2006 | May 19, 2006 | 1.35€ | 8.75% |
FAQ
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