Merkur Bank KGaA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for Merkur Bank KGaA as stock downgraded to Sell Candidate.
(Updated on Jun 28, 2024)
No changes to the price of Merkur Bank KGaA stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at 15.00€ to a day high of 15.00€. The price has been going up and down for this period, and there has been a -2.6% loss for the last 2 weeks.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 14.95€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.00% during the next 3 months and, with a 90% probability hold a price between 15.70€ and 17.12€ at the end of this 3-month period.
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MBK.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 0.671%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Merkur Bank KGaA 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 15.10€ and 15.55€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Merkur Bank KGaA stock
Merkur Bank KGaA finds support from accumulated volume at 14.90€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered 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€ between high and low, or 0%. For the last week the stock has had daily average volatility of 0.672%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MBK.DE) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Merkur Bank KGaA to open at 15.00€, and during the day (based on 14 day Average True Range), to move between 14.86€ and 15.14€, which gives a possible trading interval of +/-0.138€ (+/-0.92%) up or down from last closing price. If Merkur Bank KGaA takes out the full calculated possible swing range there will be an estimated 1.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 15.10€ (0.67%) than the support at 14.90€ (0.67%), 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 Merkur Bank KGaA stock A Buy?
The Merkur Bank KGaA stock holds several negative signals and despite the positive trend, we believe Merkur Bank KGaA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.644 Sell Candidate Downgraded
Predicted Opening Price for Merkur Bank KGaA of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 15.00€ ( 0%) | 15.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MBK.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.00 | - |
| R2 | 15.00 | - |
| R1 | 15.00 | - |
| Price | 15.00 | |
| S1 | 15.00 | - |
| S2 | 15.00 | - |
| S3 | 15.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.80 | 5.33% |
| R2 | 15.20 | 1.33% |
| R1 | 15.10 | 0.667% |
| Price | 15.00 | |
| S1 | 14.90 | -0.667% |
| S2 | 14.60 | -2.67% |
| S3 | 14.50 | -3.33% |
MBK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 18, 2024 | Jun 18, 2024 | Jun 20, 2024 | 0.500€ | 3.29% |
| 2 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | 0.450€ | 2.94% |
| 3 | Jun 23, 2022 | Jun 23, 2022 | Jun 23, 2022 | 0.450€ | 2.92% |
| 4 | Jun 15, 2021 | Jun 15, 2021 | Jun 15, 2021 | 0.400€ | 2.72% |
| 5 | Apr 22, 2020 | Jun 17, 2020 | Jun 19, 2020 | 0.320€ | 3.30% |
FAQ
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