LANXESS Aktiengesellschaft Stock Forecast
LANXESS Aktiengesellschaft stock downgraded to Buy Candidate
(Updated on Apr 30, 2024)
The LANXESS Aktiengesellschaft stock price gained 0.0754% on the last trading day (Tuesday, 30th Apr 2024), rising from 26.51€ to 26.53€. It has now gained 3 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 2.05% from a day low at 26.37€ to a day high of 26.91€. The price has risen in 7 of the last 10 days and is up by 3.27% over the past 2 weeks. Volume fell on the last day by -58 thousand shares and in total, 267 thousand shares were bought and sold for approximately 7.08€ 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 8.86% during the next 3 months and, with a 90% probability hold a price between 26.43€ and 31.47€ at the end of this 3-month period.
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LXS.DE Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -5.99%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 26.23€ and 25.99€. A breakdown below any of these levels will issue sell signals. 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 LANXESS Aktiengesellschaft stock
On the downside, the stock finds support just below today's level from accumulated volume at 24.95€ and 24.44€. 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, LANXESS Aktiengesellschaft finds support just below today's level at 24.95€. If this is broken, then the next support from accumulated volume will be at 24.44€ and 24.37€.
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 0.540€ between high and low, or 2.05%. For the last week, the stock has had daily average volatility of 3.27%.
Our recommended stop-loss: 25.54€ (-3.74%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (LXS.DE) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect LANXESS Aktiengesellschaft to open at 26.60€, and during the day (based on 14 day Average True Range), to move between 25.67€ and 27.39€, which gives a possible trading interval of +/-0.86€ (+/-3.25%) up or down from last closing price. If LANXESS Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 6.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 26.73€ (0.75%) than the support at 24.95€ (5.96%), 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.
Earnings coming up
LANXESS Aktiengesellschaft will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.780. We will update the financials statements for LANXESS Aktiengesellschaft, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.16% in the first trading day after earnings release.
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.945 Buy Candidate Downgraded
Predicted Opening Price for LANXESS Aktiengesellschaft of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| 26.60€ ( 0.276%) | 26.53€ |
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 | 27.14 | 2.31 % | |
| R2 | 26.94 | 1.53 % | ||
| R1 | 26.81 | 1.05 % | ||
| Current price: | 26.53 | |||
| Support | S1 | 26.40 | -0.501 % | |
| S2 | 26.27 | -0.98 % | ||
| S3 | 26.06 | -1.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.22 | 6.37 % | |
| R2 | 27.98 | 5.47 % | ||
| R1 | 26.73 | 0.754 % | ||
| Current price | 26.53 | |||
| Support | S1 | 24.95 | -5.96% | |
| S2 | 24.44 | -7.88% | ||
| S3 | 24.37 | -8.14% |
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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