Mercedes-Benz Group AG Stock Forecast
Mercedes-Benz Group AG stock price ended at 68.19€ on Friday, after losing 0.234%.
(Updated on May 10, 2024)
The Mercedes-Benz Group AG stock price fell by -0.234% on the last day (Friday, 10th May 2024) from 68.35€ to 68.19€. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.27% from a day low at 67.87€ to a day high of 68.73€. The price has been going up and down for this period, and there has been a -6.87% loss for the last 2 weeks. Volume has increased on the last day by 699 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, 4 million shares were bought and sold for approximately 281.59€ million.
Given the current short-term trend, the stock is expected to rise 6.05% during the next 3 months and, with a 90% probability hold a price between 72.31€ and 83.03€ at the end of this 3-month period.
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MBG.DE Signals & Forecast
There are few to no technical positive signals at the moment. The Mercedes-Benz Group 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 71.06€ and 73.70€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -10.99%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Mercedes-Benz Group AG stock
Mercedes-Benz Group AG finds support from accumulated volume at 68.07€ 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 0.86€ between high and low, or 1.27%. For the last week, the stock has had daily average volatility of 1.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MBG.DE) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Mercedes-Benz Group AG to open at 68.26€, and during the day (based on 14 day Average True Range), to move between 66.51€ and 69.87€, which gives a possible trading interval of +/-1.68€ (+/-2.46%) up or down from last closing price. If Mercedes-Benz Group AG takes out the full calculated possible swing range there will be an estimated 4.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 68.07€ (0.18%) than the resistance at 70.94€ (4.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mercedes-Benz Group AG stock A Buy?
The Mercedes-Benz Group AG stock holds several negative signals and despite the positive trend, we believe Mercedes-Benz Group AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.161 Sell Candidate Unchanged
Predicted Opening Price for Mercedes-Benz Group AG of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| 68.26€ ( 0.108%) | 68.19€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MBG.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 69.12 | 1.37 % | |
| R2 | 68.79 | 0.89 % | ||
| R1 | 68.59 | 0.589 % | ||
| Current price: | 68.19 | |||
| Support | S1 | 67.93 | -0.374 % | |
| S2 | 67.73 | -0.672 % | ||
| S3 | 67.40 | -1.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 73.10 | 7.20 % | |
| R2 | 71.27 | 4.52 % | ||
| R1 | 70.94 | 4.03 % | ||
| Current price | 68.19 | |||
| Support | S1 | 68.07 | -0.176% | |
| S2 | 67.38 | -1.19% | ||
| S3 | 66.85 | -1.97% |
MBG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 09, 2024 | 0€ | 0% |
| 2 | May 04, 2023 | May 04, 2023 | May 04, 2023 | 5.20€ | 7.97% |
| 3 | May 02, 2022 | May 02, 2022 | May 02, 2022 | 5.00€ | 8.04% |
| 4 | Apr 01, 2021 | Apr 01, 2021 | Apr 01, 2021 | 1.35€ | 1.79% |
| 5 | Jul 09, 2020 | Jul 09, 2020 | Jul 09, 2020 | 0.90€ | 2.47% |
FAQ
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