PUMA SE Stock Forecast
PUMA SE stock upgraded to Buy Candidate.
(Updated on May 10, 2024)
The PUMA SE stock price fell by -3.20% on the last day (Friday, 10th May 2024) from 52.50€ to 50.82€. During the last trading day the stock fluctuated 5.14% from a day low at 50.60€ to a day high of 53.20€. The price has risen in 6 of the last 10 days and is up by 20.71% over the past 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 -419 thousand shares and in total, 717 thousand shares were bought and sold for approximately 36.46€ million.
The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 52.57€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 8.35% during the next 3 months and, with a 90% probability hold a price between 44.78€ and 56.96€ at the end of this 3-month period.
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PUM.DE Signals & Forecast
The PUMA SE 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 47.38€ and 42.92€. 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 Thursday, May 09, 2024, and so far it has fallen -3.20%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for PUMA SE stock
PUMA SE finds support from accumulated volume at 50.14€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 2.60€ between high and low, or 5.14%. For the last week, the stock has had daily average volatility of 5.39%.
Our recommended stop-loss: 48.42€ (-4.72%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (PUM.DE) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect PUMA SE to open at 51.54€, and during the day (based on 14 day Average True Range), to move between 49.08€ and 52.56€, which gives a possible trading interval of +/-1.74€ (+/-3.43%) up or down from last closing price. If PUMA SE takes out the full calculated possible swing range there will be an estimated 6.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 50.14€ (1.34%) than the resistance at 52.50€ (3.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PUMA SE 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 PUMA SE stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.110 Buy Candidate Upgraded
Predicted Opening Price for PUMA SE of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| 51.54€ ( 1.42%) | 50.82€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PUM.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.14 | 6.53 % | |
| R2 | 53.15 | 4.58 % | ||
| R1 | 52.53 | 3.37 % | ||
| Current price: | 50.82 | |||
| Support | S1 | 50.55 | -0.538 % | |
| S2 | 49.93 | -1.74 % | ||
| S3 | 48.94 | -3.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 52.50 | 3.31 % | ||
| Current price | 50.82 | |||
| Support | S1 | 50.14 | -1.34% | |
| S2 | 42.69 | -16.00% | ||
| S3 | 42.47 | -16.43% |
PUM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2024 | May 23, 2024 | May 23, 2024 | 0€ | 0% |
| 2 | May 25, 2023 | May 25, 2023 | May 25, 2023 | 0.82€ | 1.84% |
| 3 | May 12, 2022 | May 12, 2022 | May 12, 2022 | 0.720€ | 1.12% |
| 4 | May 06, 2021 | May 06, 2021 | May 06, 2021 | 0.160€ | 0.183% |
| 5 | May 08, 2020 | May 08, 2020 | May 08, 2020 | 0.500€ | 0.84% |
FAQ
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