VERBUND AG Stock Forecast
Green day on Tuesday for VERBUND AG
(Updated on May 14, 2024)
The VERBUND AG stock price gained 1.69% on the last trading day (Tuesday, 14th May 2024), rising from 70.95€ to 72.15€. It has now gained 4 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 0% from a day low at 72.15€ to a day high of 72.15€. The price has risen in 8 of the last 10 days and is up by 1.76% over the past 2 weeks. Volume fell on the last day by -760 shares and in total, 4 shares were bought and sold for approximately 288.60€ . 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 10.73% during the next 3 months and, with a 90% probability hold a price between 75.42€ and 83.69€ at the end of this 3-month period.
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OEWA.F Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -3.61%. 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 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 not be. The very low volume increases the risk and reduces the other technical signals issued. The VERBUND 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 71.28€ and 69.95€. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for VERBUND AG stock
On the downside, the stock finds support just below today's level from accumulated volume at 66.95€ and 66.70€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, VERBUND AG finds support just below today's level at 66.95€. If this is broken, then the next support from accumulated volume will be at 66.70€ and 64.85€.
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€ between high and low, or 0%. For the last week the stock has had daily average volatility of 1.90%.
Our recommended stop-loss: 68.97€ (-4.41%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (OEWA.F) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect VERBUND AG to open at 72.15€, and during the day (based on 14 day Average True Range), to move between 70.44€ and 73.86€, which gives a possible trading interval of +/-1.71€ (+/-2.38%) up or down from last closing price. If VERBUND AG takes out the full calculated possible swing range there will be an estimated 4.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 73.15€ (1.39%) than the support at 66.95€ (7.21%), 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 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 VERBUND AG stock to perform well in the short-term.
Current score: 2.802 Buy Candidate Unchanged
Predicted Opening Price for VERBUND AG of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| 72.15€ ( 0%) | 72.15€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OEWA.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 72.15 | . | |
| R2 | 72.15 | . | ||
| R1 | 72.15 | . | ||
| Current price: | 72.15 | |||
| Support | S1 | 72.15 | . | |
| S2 | 72.15 | . | ||
| S3 | 72.15 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 74.85 | 3.74 % | |
| R2 | 73.70 | 2.15 % | ||
| R1 | 73.15 | 1.39 % | ||
| Current price | 72.15 | |||
| Support | S1 | 66.95 | -7.21% | |
| S2 | 66.70 | -7.55% | ||
| S3 | 64.85 | -10.12% |
OEWA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 07, 2024 | May 17, 2024 | 4.15€ | 0% |
| 2 | May 02, 2023 | May 02, 2023 | May 02, 2023 | 1.16€ | 0% |
| 3 | May 02, 2022 | May 02, 2022 | May 02, 2022 | 1.05€ | 0% |
| 4 | Apr 27, 2021 | Apr 27, 2021 | Apr 27, 2021 | 0.750€ | 0% |
| 5 | Oct 25, 2019 | Jun 23, 2020 | Jul 06, 2020 | 0.690€ | 0% |
FAQ
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