QIAGEN N.V. Stock Forecast
Green day on Friday for QIAGEN N.V. stock after gaining 0.131%
(Updated on May 17, 2024)
The QIAGEN N.V. stock price gained 0.131% on the last trading day (Friday, 17th May 2024), rising from 42.09€ to 42.14€. It has now gained 9 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 0.85% from a day low at 42.01€ to a day high of 42.36€. The price has risen in 9 of the last 10 days and is up by 5.51% over the past 2 weeks. Volume fell on the last day by -87 thousand shares and in total, 623 thousand shares were bought and sold for approximately 26.26€ million. 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 has broken the wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. 40.98€ is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach 45.18€ sometime during the next 3 months.
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QIA.DE Signals & Forecast
Mostly positive signals in the chart today. The QIAGEN N.V. 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 41.42€ and 39.14€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 14.14%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for QIAGEN N.V. stock
QIAGEN N.V. finds support from accumulated volume at 40.11€ 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.355€ between high and low, or 0.85%. For the last week, the stock has had daily average volatility of 1.05%.
The QIAGEN N.V. stock is extremely overbought on RSI14 (91). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the QIAGEN N.V. has been rising for 9 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: 40.41€ (-4.11%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 91 and this increases the risk substantially. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (QIA.DE) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect QIAGEN N.V. to open at 42.17€, and during the day (based on 14 day Average True Range), to move between 41.54€ and 42.74€, which gives a possible trading interval of +/-0.603€ (+/-1.43%) up or down from last closing price. If QIAGEN N.V. takes out the full calculated possible swing range there will be an estimated 2.86% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 40.11€, some 2.04€ (4.83%) from the current price of 42.14€, our system finds the risk reward attractive.
Is QIAGEN N.V. stock A Buy?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for QIAGEN N.V. stock to perform well in the short-term period.
Current score: 3.098 Buy Candidate Unchanged
Predicted Opening Price for QIAGEN N.V. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 42.17€ ( 0.0672%) | 42.14€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QIA.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.52 | 0.91 % | |
| R2 | 42.39 | 0.588 % | ||
| R1 | 42.30 | 0.389 % | ||
| Current price: | 42.14 | |||
| Support | S1 | 42.03 | -0.255 % | |
| S2 | 41.95 | -0.453 % | ||
| S3 | 41.81 | -0.775 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 42.14 | |||
| Support | S1 | 40.11 | -4.83% | |
| S2 | 39.64 | -5.94% | ||
| S3 | 39.08 | -7.26% |
QIA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2024 | Jan 30, 2024 | Jan 30, 2024 | 1.18€ | 2.93% |
| 2 | Jan 29, 2024 | Jan 29, 2024 | Jan 29, 2024 | 1.32€ | 3.14% |
| 3 | Jan 18, 2017 | Jan 25, 2017 | Jan 31, 2017 | 1.08€ | 3.89% |
FAQ
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