LEG Immobilien AG Stock Forecast
LEG Immobilien AG stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The LEG Immobilien AG stock price fell by -1.18% on the last day (Tuesday, 2nd Jul 2024) from 76.10€ to 75.20€. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.04% from a day low at 75.10€ to a day high of 75.88€. The price has fallen in 7 of the last 10 days and is down by -0.03% for this period. Volume has increased on the last day by 13 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, 120 thousand shares were bought and sold for approximately 9.02€ million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 74.30€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect LEG Immobilien AG stock with a 90% probability to be traded between 74.79€ and 88.11€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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LEG.F Signals & Forecast
The LEG Immobilien 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 75.55€ and 79.42€. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 1.32%. 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).
Support, Risk & Stop-loss for LEG Immobilien AG stock
LEG Immobilien AG finds support from accumulated volume at 75.04€ 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 0.780€ between high and low, or 1.04%. For the last week, the stock has had daily average volatility of 1.85%.
Our recommended stop-loss: 71.53€ (-4.88%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (LEG.F) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect LEG Immobilien AG to open at 75.39€, and during the day (based on 14 day Average True Range), to move between 73.33€ and 77.07€, which gives a possible trading interval of +/-1.87€ (+/-2.49%) up or down from last closing price. If LEG Immobilien AG takes out the full calculated possible swing range there will be an estimated 4.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 75.32€ (0.16%) than the support at 75.04€ (0.21%), 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 LEG Immobilien AG stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.209 Buy Candidate Upgraded
Predicted Opening Price for LEG Immobilien AG of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 75.39€ ( 0.257%) | 75.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LEG.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 76.17 | 1.29% |
| R2 | 75.88 | 0.90% |
| R1 | 75.69 | 0.653% |
| Price | 75.20 | |
| S1 | 75.10 | -0.139% |
| S2 | 74.91 | -0.384% |
| S3 | 74.61 | -0.780% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 81.24 | 8.03% |
| R2 | 76.50 | 1.73% |
| R1 | 75.32 | 0.160% |
| Price | 75.20 | |
| S1 | 75.04 | -0.213% |
| S2 | 74.82 | -0.505% |
| S3 | 74.36 | -1.12% |
LEG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2024 | May 24, 2024 | Jul 01, 2024 | 2.45€ | 0% |
| 2 | May 20, 2022 | May 20, 2022 | May 20, 2022 | 4.07€ | 0% |
| 3 | May 28, 2021 | May 28, 2021 | May 28, 2021 | 3.76€ | 0% |
| 4 | Aug 20, 2020 | Aug 20, 2020 | Aug 20, 2020 | 3.58€ | 0% |
| 5 | May 21, 2020 | May 21, 2020 | May 21, 2020 | 3.60€ | 0% |
FAQ
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