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
Red day on Friday for mutares AG
(Updated on Jun 14, 2024)
The mutares AG stock price fell by -2.25% on the last day (Friday, 14th Jun 2024) from 35.55€ to 34.75€. During the last trading day the stock fluctuated 7.32% from a day low at 33.45€ to a day high of 35.90€. The price has fallen in 9 of the last 10 days and is down by -16.87% for this period. Volume has increased on the last day by 30 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 62 thousand shares were bought and sold for approximately 2.15€ million.
Given the current short-term trend, the stock is expected to rise 7.68% during the next 3 months and, with a 90% probability hold a price between 37.42€ and 48.12€ at the end of this 3-month period.
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MUX.F Signals & Forecast
There are few to no technical positive signals at the moment. The mutares AG 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 36.97€ and 40.78€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -19.75%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for mutares AG stock
mutares AG finds support from accumulated volume at 34.65€ 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 2.45€ between high and low, or 7.32%. For the last week, the stock has had daily average volatility of 4.18%.
mutares AG is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MUX.F) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect mutares AG to open at 34.70€, and during the day (based on 14 day Average True Range), to move between 33.38€ and 36.12€, which gives a possible trading interval of +/-1.37€ (+/-3.93%) up or down from last closing price. If mutares AG takes out the full calculated possible swing range there will be an estimated 7.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 34.65€ (0.29%) than the resistance at 41.25€ (18.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is mutares AG stock A Buy?
The mutares AG stock holds several negative signals and despite the positive trend, we believe mutares AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.846 Sell Candidate Unchanged
Predicted Opening Price for mutares AG of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| 34.70€ ( 0.144%) | 34.75€ |
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 | |
|---|---|---|
| R3 | 37.15 | 6.91% |
| R2 | 36.21 | 4.21% |
| R1 | 35.64 | 2.55% |
| Price | 34.75 | |
| S1 | 33.76 | -2.84% |
| S2 | 33.19 | -4.50% |
| S3 | 32.25 | -7.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.30 | 24.60% |
| R2 | 41.80 | 20.29% |
| R1 | 41.25 | 18.71% |
| Price | 34.75 | |
| S1 | 34.65 | -0.288% |
| S2 | 33.80 | -2.73% |
| S3 | 33.30 | -4.17% |
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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