QIAGEN N.V. Stock Forecast
QIAGEN N.V. stock upgraded to Hold/Accumulate.
(Updated on May 31, 2024)
The QIAGEN N.V. stock price gained 0.242% on the last trading day (Friday, 31st May 2024), rising from 39.28€ to 39.37€. During the last trading day the stock fluctuated 1.28% from a day low at 39.03€ to a day high of 39.53€. The price has fallen in 8 of the last 10 days and is down by -6.57% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately 83.93€ million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect QIAGEN N.V. stock with a 90% probability to be traded between 37.26€ and 42.42€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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QIA.F Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The QIAGEN N.V. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 39.74€ and 39.60€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -6.57%. 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).
Support, Risk & Stop-loss for QIAGEN N.V. stock
QIAGEN N.V. finds support from accumulated volume at 39.08€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.500€ (1.28%) between high and low. For the last week, the stock has had daily average volatility of 1.22%.
Our recommended stop-loss: 37.04€ (-5.92%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 32 days ago.)
Trading Expectations (QIA.F) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect QIAGEN N.V. to open at 39.31€, and during the day (based on 14 day Average True Range), to move between 38.74€ and 40.00€, which gives a possible trading interval of +/-0.629€ (+/-1.60%) up or down from last closing price. If QIAGEN N.V. takes out the full calculated possible swing range there will be an estimated 3.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 39.59€ (0.55%) than the support at 39.08€ (0.74%), 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 QIAGEN N.V. stock A Buy?
QIAGEN N.V. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.260 Hold/Accumulate Upgraded
Predicted Opening Price for QIAGEN N.V. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 39.31€ ( 0.161%) | 39.37€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QIA.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.81 | 1.11 % | |
| R2 | 39.62 | 0.624 % | ||
| R1 | 39.50 | 0.324 % | ||
| Current price: | 39.37 | |||
| Support | S1 | 39.12 | -0.646 % | |
| S2 | 39.00 | -0.95 % | ||
| S3 | 38.81 | -1.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.53 | 2.95 % | |
| R2 | 40.11 | 1.87 % | ||
| R1 | 39.59 | 0.546 % | ||
| Current price | 39.37 | |||
| Support | S1 | 39.08 | -0.737% | |
| S2 | 38.34 | -2.63% | ||
| S3 | 37.94 | -3.63% |
QIA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2024 | Jan 30, 2024 | Jan 30, 2024 | 1.18€ | 0% |
| 2 | Jan 29, 2024 | Jan 29, 2024 | Jan 29, 2024 | 1.32€ | 0% |
| 3 | Jan 18, 2017 | Jan 25, 2017 | Jan 31, 2017 | 1.08€ | 0% |
FAQ
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