paragon GmbH & Co. KGaA Stock Forecast
paragon GmbH & Co. KGaA stock price up 2.25% on Friday
(Updated on May 17, 2024)
The paragon GmbH & Co. KGaA stock price gained 2.25% on the last trading day (Friday, 17th May 2024), rising from 3.56€ to 3.64€. During the last trading day the stock fluctuated 0% from a day low at 3.64€ to a day high of 3.64€. The price has risen in 6 of the last 10 days and is up by 0.55% over the past 2 weeks.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 3.48€ 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 49.93% during the next 3 months and, with a 90% probability hold a price between 5.22€ and 7.36€ at the end of this 3-month period.
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PGN.DE Signals & Forecast
There are few to no technical positive signals at the moment. The paragon GmbH & Co. KGaA 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 3.66€ and 3.79€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -14.15%. 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.
Support, Risk & Stop-loss for paragon GmbH & Co. KGaA stock
paragon GmbH & Co. KGaA finds support from accumulated volume at 3.62€ 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€ between high and low, or 0%. For the last week the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PGN.DE) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect paragon GmbH & Co. KGaA to open at 3.64€, and during the day (based on 14 day Average True Range), to move between 3.45€ and 3.83€, which gives a possible trading interval of +/-0.187€ (+/-5.15%) up or down from last closing price. If paragon GmbH & Co. KGaA takes out the full calculated possible swing range there will be an estimated 10.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 3.62€ (0.55%) than the resistance at 3.96€ (8.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is paragon GmbH & Co. KGaA stock A Buy?
The paragon GmbH & Co. KGaA stock holds several negative signals and despite the positive trend, we believe paragon GmbH & Co. KGaA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.698 Sell Candidate Unchanged
Predicted Opening Price for paragon GmbH & Co. KGaA of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 3.64€ ( 0%) | 3.64€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PGN.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.64 | . | |
| R2 | 3.64 | . | ||
| R1 | 3.64 | . | ||
| Current price: | 3.64 | |||
| Support | S1 | 3.64 | . | |
| S2 | 3.64 | . | ||
| S3 | 3.64 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.08 | 12.09 % | |
| R2 | 4.04 | 10.99 % | ||
| R1 | 3.96 | 8.79 % | ||
| Current price | 3.64 | |||
| Support | S1 | 3.62 | -0.549% | |
| S2 | 3.48 | -4.40% | ||
| S3 | 3.34 | -8.24% |
PGN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2019 | May 16, 2019 | May 20, 2019 | 0.250€ | 1.01% |
| 2 | Mar 13, 2018 | May 09, 2018 | May 14, 2018 | 0.250€ | 0.421% |
| 3 | Mar 27, 2017 | May 11, 2017 | May 15, 2017 | 0.250€ | 0.376% |
| 4 | Mar 03, 2016 | Apr 28, 2016 | Apr 28, 2016 | 0.250€ | 0.86% |
| 5 | Mar 11, 2015 | May 13, 2015 | May 13, 2015 | 0.250€ | 1.41% |
FAQ
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