LANXESS Aktiengesellschaft Stock Forecast
LANXESS Aktiengesellschaft stock price up 0.80% on Thursday
(Updated on Apr 18, 2024)
The LANXESS Aktiengesellschaft stock price gained 0.80% on the last trading day (Thursday, 18th Apr 2024), rising from 26.23€ to 26.44€. During the last trading day the stock fluctuated 2.38% from a day low at 26.01€ to a day high of 26.63€. The price has fallen in 6 of the last 10 days and is down by -6.31% for this period. Volume fell on the last day by -222 thousand shares and in total, 230 thousand shares were bought and sold for approximately 6.09€ 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 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 4.17% during the next 3 months and, with a 90% probability hold a price between 24.36€ and 29.59€ at the end of this 3-month period.
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LXS.DE Signals & Forecast
The LANXESS Aktiengesellschaft 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 26.34€ and 25.39€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.92%. Further rise is indicated until a new top pivot has been found. 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. 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 LANXESS Aktiengesellschaft stock
LANXESS Aktiengesellschaft finds support from accumulated volume at 26.14€ 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 0.620€ between high and low, or 2.38%. For the last week, the stock has had daily average volatility of 3.23%.
Our recommended stop-loss: 25.31€ (-4.29%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (LXS.DE) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect LANXESS Aktiengesellschaft to open at 26.36€, and during the day (based on 14 day Average True Range), to move between 25.51€ and 27.37€, which gives a possible trading interval of +/-0.93€ (+/-3.53%) up or down from last closing price. If LANXESS Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 7.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 26.69€ (0.95%) than the support at 26.14€ (1.13%), 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 LANXESS Aktiengesellschaft 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 LANXESS Aktiengesellschaft stock to perform well in the short-term.
Current score: 2.152 Buy Candidate Unchanged
Predicted Opening Price for LANXESS Aktiengesellschaft of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| 26.36€ ( 0.303%) | 26.44€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LXS.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.98 | 2.04 % | |
| R2 | 26.74 | 1.15 % | ||
| R1 | 26.60 | 0.593 % | ||
| Current price: | 26.44 | |||
| Support | S1 | 26.12 | -1.20 % | |
| S2 | 25.98 | -1.75 % | ||
| S3 | 25.74 | -2.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.22 | 6.73 % | |
| R2 | 27.98 | 5.82 % | ||
| R1 | 26.69 | 0.95 % | ||
| Current price | 26.44 | |||
| Support | S1 | 26.14 | -1.13% | |
| S2 | 24.95 | -5.64% | ||
| S3 | 24.44 | -7.56% |
LXS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 27, 2024 | May 27, 2024 | May 27, 2024 | 0€ | 0% |
| 2 | May 25, 2023 | May 25, 2023 | May 25, 2023 | 1.05€ | 3.00% |
| 3 | May 26, 2022 | May 26, 2022 | May 26, 2022 | 1.05€ | 2.80% |
| 4 | May 20, 2021 | May 20, 2021 | May 20, 2021 | 1.00€ | 1.65% |
| 5 | Mar 11, 2020 | Aug 28, 2020 | Sep 01, 2020 | 0.95€ | 1.94% |
FAQ
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