Münchener Stock Forecast
Weaker technical forecast for Münchener as stock downgraded to Hold/Accumulate.
(Updated on May 10, 2024)
The Münchener stock price gained 3.12% on the last trading day (Friday, 10th May 2024), rising from 441.60€ to 455.40€. 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 2.25% from a day low at 445.40€ to a day high of 455.40€. The price has risen in 6 of the last 10 days and is up by 7.61% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 261 thousand more shares were traded than the day before. In total, 536 thousand shares were bought and sold for approximately 244.23€ million.
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. 454.71€ 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 506.66€ sometime during the next 3 months.
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MUV2.F Signals & Forecast
The Münchener stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 425.31€ and 427.20€. 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 13.11%. 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 is rising along with the price. This is considered to be a good technical signal.
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 is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 10.00€ (2.25%) between high and low. For the last week, the stock has had daily average volatility of 2.20%.
Our recommended stop-loss: 438.91€ (-3.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (MUV2.F) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft to open at 452.07€, and during the day (based on 14 day Average True Range), to move between 446.29€ and 464.51€, which gives a possible trading interval of +/-9.11€ (+/-2.00%) 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 4.00% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 445.80€, some 9.60€ (2.11%) from the current price of 455.40€, 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 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 Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| 452.07€ ( 0.732%) | 455.40€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MUV2.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 462.07 | 1.46 % | |
| R2 | 458.25 | 0.625 % | ||
| R1 | 455.89 | 0.107 % | ||
| Current price: | 455.40 | |||
| Support | S1 | 448.25 | -1.57 % | |
| S2 | 445.89 | -2.09 % | ||
| S3 | 442.07 | -2.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 455.40 | |||
| Support | S1 | 445.80 | -2.11% | |
| S2 | 443.80 | -2.55% | ||
| S3 | 424.80 | -6.72% |
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€ | 0% |
| 3 | Apr 29, 2022 | Apr 29, 2022 | Apr 29, 2022 | 11.00€ | 0% |
| 4 | Apr 29, 2021 | Apr 29, 2021 | Apr 29, 2021 | 9.80€ | 0% |
| 5 | Feb 28, 2020 | Apr 30, 2020 | May 05, 2020 | 9.80€ | 0% |
FAQ
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