LEG Immobilien AG Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Thursday for LEG Immobilien AG stock after gaining 0.533%
(Updated on May 16, 2024)
The LEG Immobilien AG stock price gained 0.533% on the last trading day (Thursday, 16th May 2024), rising from 86.32€ to 86.78€. During the last trading day the stock fluctuated 1.70% from a day low at 86.08€ to a day high of 87.54€. The price has risen in 7 of the last 10 days and is up by 6.35% over the past 2 weeks. Volume fell on the last day by -61 thousand shares and in total, 161 thousand shares were bought and sold for approximately 14.01€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at 86.67€, a level that may pose a second chance to hit a runner. According to fan-theory 97.03€ will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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LEG.DE Signals & Forecast
Mostly positive signals in the chart today. 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 83.42€ and 78.30€. 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 20.73%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
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 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 1.46€ between high and low, or 1.70%. For the last week, the stock has had daily average volatility of 2.54%.
The LEG Immobilien AG stock is extremely overbought on RSI14 (81). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: 82.55€ (-4.88%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (LEG.DE) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect LEG Immobilien AG to open at 86.80€, and during the day (based on 14 day Average True Range), to move between 84.52€ and 89.04€, which gives a possible trading interval of +/-2.26€ (+/-2.61%) up or down from last closing price. If LEG Immobilien AG takes out the full calculated possible swing range there will be an estimated 5.21% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 75.34€, some 11.44€ (13.18%) from the current price of 86.78€, our system finds the risk reward attractive.
Is LEG Immobilien AG stock A Buy?
LEG Immobilien AG holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.369 Strong Buy Candidate Unchanged
Predicted Opening Price for LEG Immobilien AG of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| 86.80€ ( 0.0230%) | 86.78€ |
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 | 88.26 | 1.71 % | |
| R2 | 87.70 | 1.06 % | ||
| R1 | 87.36 | 0.666 % | ||
| Current price: | 86.78 | |||
| Support | S1 | 86.24 | -0.620 % | |
| S2 | 85.90 | -1.02 % | ||
| S3 | 85.34 | -1.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 86.78 | |||
| Support | S1 | 75.34 | -13.18% | |
| S2 | 70.12 | -19.20% | ||
| S3 | 68.02 | -21.62% |
LEG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2024 | May 24, 2024 | Jul 01, 2024 | 2.45€ | 2.82% |
| 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% |
FAQ
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