mutares AG 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
Green day on Thursday for mutares AG stock after gaining 0.95%
(Updated on May 02, 2024)
The mutares AG stock price gained 0.95% on the last trading day (Thursday, 2nd May 2024), rising from 42.15€ to 42.55€. During the last trading day the stock fluctuated 2.14% from a day low at 42.05€ to a day high of 42.95€. The price has been going up and down for this period, and there has been a 5.32% gain for the last 2 weeks. Volume fell on the last day by -19 thousand shares and in total, 10 thousand shares were bought and sold for approximately 444.35€ thousand. 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 lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 21.71% during the next 3 months and, with a 90% probability hold a price between 44.52€ and 54.81€ at the end of this 3-month period.
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MUX.DE Signals & Forecast
The mutares AG 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 41.54€ and 38.36€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 31.73%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for mutares AG stock
mutares AG finds support from accumulated volume at 41.25€ 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 0.90€ between high and low, or 2.14%. For the last week the stock has had daily average volatility of 2.28%.
Our recommended stop-loss: 41.15€ (-3.30%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (MUX.DE) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect mutares AG to open at 42.52€, and during the day (based on 14 day Average True Range), to move between 41.31€ and 43.79€, which gives a possible trading interval of +/-1.24€ (+/-2.92%) up or down from last closing price. If mutares AG takes out the full calculated possible swing range there will be an estimated 5.84% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 41.25€, some 1.30€ (3.06%) from the current price of 42.55€, our system finds the risk reward attractive.
Earnings coming up
mutares AG will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.610. We will update the financials statements for mutares AG, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.64% in the first trading day after earnings release.
Is mutares AG stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for mutares AG stock to perform well in the short-term.
Current score: 4.259 Buy Candidate Unchanged
Predicted Opening Price for mutares AG of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 42.52€ ( 0.0783%) | 42.55€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MUX.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.42 | 2.04 % | |
| R2 | 43.07 | 1.23 % | ||
| R1 | 42.86 | 0.730 % | ||
| Current price: | 42.55 | |||
| Support | S1 | 42.17 | -0.89 % | |
| S2 | 41.96 | -1.39 % | ||
| S3 | 41.62 | -2.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 42.55 | |||
| Support | S1 | 41.25 | -3.06% | |
| S2 | 40.45 | -4.94% | ||
| S3 | 34.70 | -18.45% |
MUX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jun 07, 2024 | 2.25€ | 5.29% |
| 2 | Jul 11, 2023 | Jul 11, 2023 | Jul 11, 2023 | 0.750€ | 3.14% |
| 3 | May 18, 2022 | May 18, 2022 | May 18, 2022 | 0.500€ | 2.50% |
| 4 | May 21, 2021 | May 21, 2021 | May 21, 2021 | 1.50€ | 6.15% |
| 5 | Apr 09, 2020 | May 19, 2020 | May 22, 2020 | 1.00€ | 9.58% |
FAQ
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