mutares AG Stock Forecast
mutares AG stock price ended at 42.45€ on Thursday, after losing 0.352%.
(Updated on May 16, 2024)
The mutares AG stock price fell by -0.352% on the last day (Thursday, 16th May 2024) from 42.60€ to 42.45€. During the last trading day the stock fluctuated 1.79% from a day low at 42.00€ to a day high of 42.75€. The price has been going up and down for this period, and there has been a -0.24% loss for the last 2 weeks. 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 -2 thousand shares and in total, 17 thousand shares were bought and sold for approximately 730.01€ thousand.
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 35.16% during the next 3 months and, with a 90% probability hold a price between 54.60€ and 60.09€ at the end of this 3-month period.
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MUX.F 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 42.34€ and 40.85€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -1.96%. 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 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.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.750€ between high and low, or 1.79%. For the last week the stock has had daily average volatility of 2.82%.
Our recommended stop-loss: 40.61€ (-4.33%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (MUX.F) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect mutares AG to open at 42.40€, and during the day (based on 14 day Average True Range), to move between 41.31€ and 43.59€, which gives a possible trading interval of +/-1.14€ (+/-2.68%) up or down from last closing price. If mutares AG takes out the full calculated possible swing range there will be an estimated 5.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 42.60€ (0.35%) than the support at 41.25€ (2.83%), 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 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: 3.065 Buy Candidate Unchanged
Predicted Opening Price for mutares AG of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| 42.40€ ( 0.118%) | 42.45€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MUX.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.15 | 1.65 % | |
| R2 | 42.86 | 0.97 % | ||
| R1 | 42.69 | 0.557 % | ||
| Current price: | 42.45 | |||
| Support | S1 | 42.11 | -0.793 % | |
| S2 | 41.94 | -1.21 % | ||
| S3 | 41.65 | -1.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.30 | 2.00 % | |
| R2 | 42.85 | 0.94 % | ||
| R1 | 42.60 | 0.353 % | ||
| Current price | 42.45 | |||
| Support | S1 | 41.25 | -2.83% | |
| S2 | 40.45 | -4.71% | ||
| S3 | 33.30 | -21.55% |
MUX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jun 07, 2024 | 2.25€ | 0% |
| 2 | Jul 11, 2023 | Jul 11, 2023 | Jul 11, 2023 | 0.750€ | 0% |
| 3 | May 18, 2022 | May 18, 2022 | May 18, 2022 | 0.500€ | 0% |
| 4 | May 21, 2021 | May 21, 2021 | May 21, 2021 | 1.50€ | 0% |
| 5 | Apr 09, 2020 | May 19, 2020 | May 22, 2020 | 1.00€ | 0% |
FAQ
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