Münchener Stock Forecast
Evaluation of Münchener stock downgraded after the last trading session.
(Updated on May 22, 2024)
The Münchener stock price gained 0.130% on the last trading day (Wednesday, 22nd May 2024), rising from 460.90€ to 461.50€. It has now gained 5 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 0.87% from a day low at 460.60€ to a day high of 464.60€. The price has risen in 7 of the last 10 days and is up by 6.48% over the past 2 weeks. Volume fell on the last day by -34 thousand shares and in total, 203 thousand shares were bought and sold for approximately 93.89€ 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 has broken the wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. 456.96€ is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach 510.31€ sometime during the next 3 months.
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MUV2.DE Signals & Forecast
The Münchener 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 455.07€ and 429.22€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 14.63%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Münchener stock
Münchener finds support from accumulated volume at 445.80€ 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 4.00€ between high and low, or 0.87%. For the last week, the stock has had daily average volatility of 1.21%.
The Münchener stock is extremely overbought on RSI14 (80). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: 448.12€ (-2.90%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 43 days ago.)
Trading Expectations (MUV2.DE) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft to open at 462.23€, and during the day (based on 14 day Average True Range), to move between 453.65€ and 469.35€, which gives a possible trading interval of +/-7.85€ (+/-1.70%) up or down from last closing price. If Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 3.40% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 445.80€, some 15.70€ (3.40%) from the current price of 461.50€, our system finds the risk reward attractive.
Is Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft stock A Buy?
Münchener holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft of Thursday, May 23, 2024
Fair opening price May 23, 2024 | Current price |
---|---|
462.23€ ( 0.159%) | 461.50€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MUV2.DE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 466.23 | 1.03 % | |
R2 | 464.71 | 0.695 % | ||
R1 | 463.76 | 0.490 % | ||
Current price: | 461.50 | |||
Support | S1 | 460.71 | -0.172 % | |
S2 | 459.76 | -0.377 % | ||
S3 | 458.23 | -0.708 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 461.50 | |||
Support | S1 | 445.80 | -3.40% | |
S2 | 443.80 | -3.84% | ||
S3 | 424.80 | -7.95% |
MUV2 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 26, 2024 | Apr 26, 2024 | Apr 26, 2024 | 0€ | 0% |
2 | May 08, 2023 | May 08, 2023 | May 08, 2023 | 11.60€ | 3.52% |
3 | Apr 29, 2022 | Apr 29, 2022 | Apr 29, 2022 | 11.00€ | 4.88% |
4 | Apr 29, 2021 | Apr 29, 2021 | Apr 29, 2021 | 9.80€ | 4.03% |
5 | Feb 28, 2020 | Apr 30, 2020 | May 05, 2020 | 9.80€ | 5.09% |
FAQ
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