Progress-Werk Oberkirch AG Stock Forecast
Progress-Werk Oberkirch AG stock price down 1.27% on Friday
(Updated on May 17, 2024)
The Progress-Werk Oberkirch AG stock price fell by -1.27% on the last day (Friday, 17th May 2024) from 31.40€ to 31.00€. During the last trading day the stock fluctuated 4.00% from a day low at 30.00€ to a day high of 31.20€. The price has fallen in 5 of the last 10 days but is still up by 0.65% over the past 2 weeks. Volume has increased on the last day by 753 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, 1 thousand shares were bought and sold for approximately 42.22€ thousand.
The stock lies in the middle of a weak 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 6.10% during the next 3 months and, with a 90% probability hold a price between 32.14€ and 34.34€ at the end of this 3-month period.
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PWO.F Signals & Forecast
The Progress-Werk Oberkirch 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 30.97€ and 30.68€. 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 Wednesday, May 15, 2024, and so far it has fallen -1.90%. Further fall is indicated until a new bottom pivot has been found. Progress-Werk Oberkirch 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. The stock had a Golden Star Signal on Friday, January 19, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, January 19, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Wednesday, May 15, 2024 and based on theory for this formation the price should fall by -7.15% to 28.78€ within 23 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for Progress-Werk Oberkirch AG stock
Progress-Werk Oberkirch AG finds support from accumulated volume at 30.40€ 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 1.20€ between high and low, or 4.00%. For the last week the stock has had daily average volatility of 2.36%.
Our recommended stop-loss: 29.89€ (-3.58%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (PWO.F) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Progress-Werk Oberkirch AG to open at 30.73€, and during the day (based on 14 day Average True Range), to move between 30.45€ and 31.55€, which gives a possible trading interval of +/-0.553€ (+/-1.78%) up or down from last closing price. If Progress-Werk Oberkirch AG takes out the full calculated possible swing range there will be an estimated 3.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 31.20€ (0.65%) than the support at 30.40€ (1.94%), 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 Progress-Werk Oberkirch 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 Progress-Werk Oberkirch AG stock to perform well in the short-term.
Current score: 2.991 Buy Candidate Unchanged
Predicted Opening Price for Progress-Werk Oberkirch AG of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 30.73€ ( 0.86%) | 31.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PWO.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.93 | 3.01 % | |
| R2 | 31.47 | 1.53 % | ||
| R1 | 31.19 | 0.618 % | ||
| Current price: | 31.00 | |||
| Support | S1 | 30.27 | -2.34 % | |
| S2 | 29.99 | -3.25 % | ||
| S3 | 29.53 | -4.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.60 | 1.94 % | |
| R2 | 31.40 | 1.29 % | ||
| R1 | 31.20 | 0.645 % | ||
| Current price | 31.00 | |||
| Support | S1 | 30.40 | -1.94% | |
| S2 | 30.00 | -3.23% | ||
| S3 | 29.40 | -5.16% |
PWO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2024 | Jun 07, 2024 | Jun 11, 2024 | 1.75€ | 0% |
| 2 | May 11, 2023 | May 11, 2023 | May 11, 2023 | 1.65€ | 0% |
| 3 | May 11, 2022 | May 11, 2022 | May 11, 2022 | 1.50€ | 0% |
| 4 | Mar 28, 2019 | May 23, 2019 | May 27, 2019 | 0.250€ | 0% |
| 5 | Mar 26, 2018 | May 24, 2018 | May 28, 2018 | 1.65€ | 0% |
FAQ
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