init innovation in traffic systems SE Stock Forecast
Red day on Tuesday for init innovation in traffic systems SE stock after losing 0.242%
(Updated on Jun 25, 2024)
The init innovation in traffic systems SE stock price fell by -0.242% on the last day (Tuesday, 25th Jun 2024) from 41.30€ to 41.20€. During the last trading day the stock fluctuated 2.48% from a day low at 40.30€ to a day high of 41.30€. The price has been going up and down for this period, and there has been a 8.71% gain for the last 2 weeks. Volume has increased on the last day by 319 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, 8 thousand shares were bought and sold for approximately 311.76€ thousand.
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 9.16% during the next 3 months and, with a 90% probability hold a price between 42.00€ and 46.66€ at the end of this 3-month period.
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IXX.DE Signals & Forecast
The init innovation in traffic systems SE 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 39.69€ and 39.59€. 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). 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 Monday, June 24, 2024, and so far it has fallen -0.242%. Further fall is indicated until a new bottom pivot has been found. init innovation in traffic systems SE gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for init innovation in traffic systems SE stock
init innovation in traffic systems SE finds support from accumulated volume at 40.00€ 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 1.00€ between high and low, or 2.48%. For the last week, the stock has had daily average volatility of 4.03%.
Our recommended stop-loss: 39.99€ (-2.95%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (IXX.DE) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect init innovation in traffic systems SE to open at 40.93€, and during the day (based on 14 day Average True Range), to move between 39.74€ and 42.66€, which gives a possible trading interval of +/-1.46€ (+/-3.53%) up or down from last closing price. If init innovation in traffic systems SE takes out the full calculated possible swing range there will be an estimated 7.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 41.30€ (0.24%) than the support at 40.00€ (2.91%), 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 init innovation in traffic systems SE stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for init innovation in traffic systems SE stock to perform well in the short-term.
Current score: 2.725 Buy Candidate Unchanged
Predicted Opening Price for init innovation in traffic systems SE of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 40.93€ ( 0.647%) | 41.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IXX.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.93 | 1.78% |
| R2 | 41.55 | 0.85% |
| R1 | 41.32 | 0.280% |
| Price | 41.20 | |
| S1 | 40.55 | -1.57% |
| S2 | 40.32 | -2.15% |
| S3 | 39.93 | -3.07% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 41.70 | 1.21% |
| R1 | 41.30 | 0.243% |
| Price | 41.20 | |
| S1 | 40.00 | -2.91% |
| S2 | 36.10 | -12.38% |
| S3 | 35.60 | -13.59% |
IXX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2024 | Jun 07, 2024 | Jun 11, 2024 | 0.700€ | 1.85% |
| 2 | May 26, 2023 | May 26, 2023 | May 26, 2023 | 0.100€ | 0.347% |
| 3 | May 19, 2022 | May 19, 2022 | May 19, 2022 | 0.550€ | 2.18% |
| 4 | May 20, 2021 | May 20, 2021 | May 20, 2021 | 0.550€ | 1.34% |
| 5 | Mar 13, 2020 | Jun 29, 2020 | Jul 01, 2020 | 0.400€ | 1.11% |
FAQ
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