Raiffeisen Bank International AG Stock Forecast
Evaluation of Raiffeisen Bank International AG stock downgraded after the last trading session.
(Updated on Jun 10, 2024)
The Raiffeisen Bank International AG stock price fell by -0.710% on the last day (Monday, 10th Jun 2024) from 16.91€ to 16.79€. During the last trading day the stock fluctuated 2.69% from a day low at 16.37€ to a day high of 16.81€. The price has fallen in 8 of the last 10 days and is down by -2.44% for this period. 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 -2 thousand shares and in total, 1 thousand shares were bought and sold for approximately 21.83€ thousand.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 16.56€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.67% during the next 3 months and, with a 90% probability hold a price between 14.96€ and 16.14€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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RAW.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 0.84%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Raiffeisen Bank International AG 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 16.89€ and 17.34€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Raiffeisen Bank International AG stock
Raiffeisen Bank International AG finds support from accumulated volume at 16.76€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.440€ between high and low, or 2.69%. For the last week the stock has had daily average volatility of 1.66%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RAW.DE) For The Upcoming Trading Day Of Tuesday 11th
For the upcoming trading day on Tuesday, 11th we expect Raiffeisen Bank International AG to open at 16.66€, and during the day (based on 14 day Average True Range), to move between 16.40€ and 17.18€, which gives a possible trading interval of +/-0.389€ (+/-2.32%) up or down from last closing price. If Raiffeisen Bank International AG takes out the full calculated possible swing range there will be an estimated 4.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 16.76€ (0.18%) than the resistance at 17.18€ (2.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Raiffeisen Bank International AG stock A Buy?
Raiffeisen Bank International AG holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.432 Sell Candidate Downgraded
Predicted Opening Price for Raiffeisen Bank International AG of Tuesday, June 11, 2024
| Fair opening price June 11, 2024 | Current price |
|---|---|
| 16.66€ ( 0.794%) | 16.79€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RAW.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.10 | 1.83% |
| R2 | 16.93 | 0.83% |
| R1 | 16.82 | 0.207% |
| Price | 16.79 | |
| S1 | 16.49 | -1.80% |
| S2 | 16.38 | -2.41% |
| S3 | 16.22 | -3.41% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.44 | 9.83% |
| R2 | 17.97 | 7.03% |
| R1 | 17.18 | 2.32% |
| Price | 16.79 | |
| S1 | 16.76 | -0.179% |
| S2 | 16.65 | -0.83% |
| S3 | 0 | - |
RAW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 09, 2024 | Apr 09, 2024 | Apr 11, 2024 | 1.25€ | 6.99% |
| 2 | Nov 24, 2023 | Nov 24, 2023 | Nov 28, 2023 | 0.80€ | 5.25% |
| 3 | Apr 05, 2022 | Apr 05, 2022 | Apr 05, 2022 | 1.15€ | 9.36% |
| 4 | Nov 15, 2021 | Nov 15, 2021 | Nov 15, 2021 | 0.750€ | 2.68% |
| 5 | Apr 28, 2021 | Apr 28, 2021 | Apr 28, 2021 | 0.480€ | 2.65% |
FAQ
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