init innovation in traffic systems SE Stock Forecast
init innovation in traffic systems SE stock downgraded to Sell Candidate
(Updated on Jun 28, 2024)
The init innovation in traffic systems SE stock price fell by -3.70% on the last day (Friday, 28th Jun 2024) from 40.50€ to 39.00€. During the last trading day the stock fluctuated 4.87% from a day low at 39.00€ to a day high of 40.90€. The price has fallen in 6 of the last 10 days and is down by -0.26% for this period. Volume has increased on the last day by 1 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, 4 thousand shares were bought and sold for approximately 143.44€ thousand.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 38.53€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.62% during the next 3 months and, with a 90% probability hold a price between 41.47€ and 45.98€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
IXX.DE Signals & Forecast
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. The init innovation in traffic systems SE stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 40.06€ and 39.63€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -5.57%. 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 38.10€ 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 1.90€ between high and low, or 4.87%. For the last week, the stock has had daily average volatility of 3.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IXX.DE) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect init innovation in traffic systems SE to open at 39.63€, and during the day (based on 14 day Average True Range), to move between 37.51€ and 40.49€, which gives a possible trading interval of +/-1.49€ (+/-3.82%) 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 7.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 38.10€ (2.31%) than the resistance at 40.00€ (2.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is init innovation in traffic systems SE stock A Buy?
The init innovation in traffic systems SE stock holds several negative signals and despite the positive trend, we believe init innovation in traffic systems SE will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.
Current score: -2.899 Sell Candidate Downgraded
Predicted Opening Price for init innovation in traffic systems SE of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 39.63€ ( 1.62%) | 39.00€ |
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 | 41.53 | 6.50% |
| R2 | 40.81 | 4.63% |
| R1 | 40.36 | 3.48% |
| Price | 39.00 | |
| S1 | 38.91 | -0.237% |
| S2 | 38.46 | -1.39% |
| S3 | 37.73 | -3.25% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.20 | 5.64% |
| R2 | 40.30 | 3.33% |
| R1 | 40.00 | 2.56% |
| Price | 39.00 | |
| S1 | 38.10 | -2.31% |
| S2 | 37.80 | -3.08% |
| S3 | 36.10 | -7.44% |
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
Click here for our free guide on how to buy init innovation in traffic systems SE Stock.
