VERBUND 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
VERBUND AG stock price ended at 74.10€ on Friday, after losing 2.88%.
(Updated on Jun 14, 2024)
The VERBUND AG stock price fell by -2.88% on the last day (Friday, 14th Jun 2024) from 76.30€ to 74.10€. During the last trading day the stock fluctuated 2.50% from a day low at 73.90€ to a day high of 75.75€. The price has been going up and down for this period, and there has been a -1.79% loss for the last 2 weeks. Volume has increased on the last day by 340 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, 645 shares were bought and sold for approximately 47.79€ thousand.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 73.09€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 14.71% during the next 3 months and, with a 90% probability hold a price between 83.85€ and 91.23€ at the end of this 3-month period.
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OEWA.DE Signals & Forecast
A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -5.06%. 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). VERBUND AG gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. The VERBUND AG stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 75.71€. On a fall, the stock will find some support from the long-term average at approximately 74.00€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for VERBUND AG stock
VERBUND AG finds support from accumulated volume at 70.80€ 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 1.85€ between high and low, or 2.50%. For the last week the stock has had daily average volatility of 1.20%.
Our recommended stop-loss: 71.29€ (-3.79%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (OEWA.DE) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect VERBUND AG to open at 74.58€, and during the day (based on 14 day Average True Range), to move between 72.59€ and 75.61€, which gives a possible trading interval of +/-1.51€ (+/-2.04%) up or down from last closing price. If VERBUND AG takes out the full calculated possible swing range there will be an estimated 4.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 74.40€ (0.40%) than the support at 70.80€ (4.45%), 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 VERBUND AG stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.015 Buy Candidate Unchanged
Predicted Opening Price for VERBUND AG of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| 74.58€ ( 0.652%) | 74.10€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OEWA.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 76.43 | 3.15% |
| R2 | 75.73 | 2.20% |
| R1 | 75.29 | 1.61% |
| Price | 74.10 | |
| S1 | 73.88 | -0.301% |
| S2 | 73.44 | -0.89% |
| S3 | 72.73 | -1.84% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 76.20 | 2.83% |
| R2 | 76.05 | 2.63% |
| R1 | 74.40 | 0.405% |
| Price | 74.10 | |
| S1 | 70.80 | -4.45% |
| S2 | 68.90 | -7.02% |
| S3 | 66.95 | -9.65% |
OEWA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 07, 2024 | May 17, 2024 | 4.15€ | 5.76% |
| 2 | May 02, 2023 | May 02, 2023 | May 02, 2023 | 1.16€ | 1.52% |
| 3 | May 02, 2022 | May 02, 2022 | May 02, 2022 | 1.05€ | 1.06% |
| 4 | Apr 27, 2021 | Apr 27, 2021 | Apr 27, 2021 | 0.750€ | 1.06% |
| 5 | Oct 25, 2019 | Jun 23, 2020 | Jul 06, 2020 | 0.690€ | 1.62% |
FAQ
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