Mercedes-Benz Group AG Stock Forecast
Mercedes-Benz Group AG stock price ended at $67.46 on Friday, after losing 1.23%.
(Updated on Jun 14, 2024)
The Mercedes-Benz Group AG stock price fell by -1.23% on the last day (Friday, 14th Jun 2024) from $68.30 to $67.46. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 0.82% from a day low at $67.16 to a day high of $67.71. The price has fallen in 8 of the last 10 days and is down by -6.68% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -8 thousand shares and in total, 5 thousand shares were bought and sold for approximately $348.36 thousand.
The stock has broken the falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($69.10) are considered to be a "second chance" to get out. According to the fan-theory $64.44 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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MBGAF Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $69.76 and $73.39. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -14.90%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Mercedes-Benz Group AG stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.550 between high and low, or 0.82%. For the last week the stock has had daily average volatility of 1.02%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MBGAF) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Mercedes-Benz Group AG to open at $67.44, and during the day (based on 14 day Average True Range), to move between $66.37 and $68.55, which gives a possible trading interval of +/-$1.09 (+/-1.62%) 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 3.23% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $73.92, some $6.46 (9.57%) from the current price of $67.46, our system finds the risk reward not very attractive.
Is Mercedes-Benz Group AG stock A Buy?
Mercedes-Benz Group AG holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.868 Sell Candidate Unchanged
Predicted Opening Price for Mercedes-Benz Group AG of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $67.44 ( 0.0247%) | $67.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MBGAF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 67.99 | 0.791% |
| R2 | 67.78 | 0.479% |
| R1 | 67.65 | 0.287% |
| Price | 67.46 | |
| S1 | 67.23 | -0.336% |
| S2 | 67.10 | -0.529% |
| S3 | 66.89 | -0.84% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 75.75 | 12.29% |
| R2 | 74.98 | 11.15% |
| R1 | 73.92 | 9.57% |
| Price | 67.46 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
MBGAF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 13, 2024 | $5.70 | 7.73% |
| 2 | May 04, 2023 | May 04, 2023 | May 08, 2023 | $5.76 | 7.84% |
| 3 | May 02, 2022 | May 02, 2022 | May 02, 2022 | $5.28 | 8.04% |
| 4 | Apr 01, 2021 | Apr 01, 2021 | Apr 01, 2021 | $1.58 | 1.78% |
| 5 | Jul 09, 2020 | Jul 09, 2020 | Jul 09, 2020 | $1.02 | 2.52% |
FAQ
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