LEG Immobilien AG Stock Forecast
Stronger technical forecast for LEG Immobilien AG stock price after Tuesday trading.
(Updated on Apr 30, 2024)
The LEG Immobilien AG stock price gained 3.10% on the last trading day (Tuesday, 30th Apr 2024), rising from 77.52€ to 79.92€. It has now gained 4 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 2.51% from a day low at 78.80€ to a day high of 80.78€. The price has risen in 8 of the last 10 days and is up by 9.51% 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, 106 thousand more shares were traded than the day before. In total, 308 thousand shares were bought and sold for approximately 24.62€ million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 81.63€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 8.02% during the next 3 months and, with a 90% probability hold a price between 77.82€ and 88.18€ at the end of this 3-month period.
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LEG.DE Signals & Forecast
The LEG Immobilien AG 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 76.29€ and 75.64€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 11.19%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for LEG Immobilien AG stock
On the downside, the stock finds support just below today's level from accumulated volume at 75.34€ and 70.12€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, LEG Immobilien AG finds support just below today's level at 75.34€. If this is broken, then the next support from accumulated volume will be at 70.12€ and 68.02€.
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 1.98€ (2.51%) between high and low. For the last week, the stock has had daily average volatility of 2.97%.
Our recommended stop-loss: 76.98€ (-3.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (LEG.DE) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect LEG Immobilien AG to open at 79.83€, and during the day (based on 14 day Average True Range), to move between 77.70€ and 82.14€, which gives a possible trading interval of +/-2.22€ (+/-2.78%) up or down from last closing price. If LEG Immobilien AG takes out the full calculated possible swing range there will be an estimated 5.57% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 75.34€, some 4.58€ (5.73%) from the current price of 79.92€, our system finds the risk reward attractive.
Is LEG Immobilien AG stock A Buy?
LEG Immobilien AG holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.629 Strong Buy Candidate Upgraded
Predicted Opening Price for LEG Immobilien AG of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| 79.83€ ( 0.108%) | 79.92€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LEG.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 81.81 | 2.37 % | |
| R2 | 81.06 | 1.42 % | ||
| R1 | 80.59 | 0.84 % | ||
| Current price: | 79.92 | |||
| Support | S1 | 79.08 | -1.05 % | |
| S2 | 78.61 | -1.64 % | ||
| S3 | 77.85 | -2.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 79.92 | |||
| Support | S1 | 75.34 | -5.73% | |
| S2 | 70.12 | -12.26% | ||
| S3 | 68.02 | -14.89% |
LEG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2024 | May 24, 2024 | Jul 01, 2024 | 2.45€ | 3.07% |
| 2 | May 20, 2022 | May 20, 2022 | May 20, 2022 | 4.07€ | 4.16% |
| 3 | May 28, 2021 | May 28, 2021 | May 28, 2021 | 3.76€ | 3.11% |
| 4 | Aug 20, 2020 | Aug 20, 2020 | Aug 20, 2020 | 3.60€ | 2.91% |
| 5 | May 21, 2020 | May 21, 2020 | May 21, 2020 | 3.60€ | 3.23% |
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