Raiffeisen Bank International AG Stock Forecast
Raiffeisen Bank International AG stock price ended at 16.18€ on Thursday, after losing 0.675%.
(Updated on Jun 27, 2024)
The Raiffeisen Bank International AG stock price fell by -0.675% on the last day (Thursday, 27th Jun 2024) from 16.29€ to 16.18€. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.05% from a day low at 16.16€ to a day high of 16.33€. The price has been going up and down for this period, and there has been a 0.5% gain for the last 2 weeks. Volume has increased on the last day by 14 thousand 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, 16 thousand shares were bought and sold for approximately 262.17€ thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.33% during the next 3 months and, with a 90% probability hold a price between 13.69€ and 15.23€ 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.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 2.66%. 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). 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 16.55€ and 16.88€. A break-up above any of these levels will issue buy signals. Raiffeisen Bank International 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".
Support, Risk & Stop-loss for Raiffeisen Bank International AG stock
Raiffeisen Bank International AG finds support from accumulated volume at 16.10€ 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 0.170€ (1.05%) between high and low. For the last week, the stock has had daily average volatility of 1.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RAW.F) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Raiffeisen Bank International AG to open at 16.22€, and during the day (based on 14 day Average True Range), to move between 15.82€ and 16.54€, which gives a possible trading interval of +/-0.363€ (+/-2.24%) 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 4.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 16.10€ (0.49%) than the resistance at 17.18€ (6.18%), 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 wide and 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.
Current score: -2.995 Sell Candidate Unchanged
Predicted Opening Price for Raiffeisen Bank International AG of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 16.22€ ( 0.268%) | 16.18€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RAW.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.39 | 1.32% |
| R2 | 16.33 | 0.92% |
| R1 | 16.29 | 0.669% |
| Price | 16.18 | |
| S1 | 16.16 | -0.134% |
| S2 | 16.12 | -0.381% |
| S3 | 16.05 | -0.783% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.61 | 15.02% |
| R2 | 18.11 | 11.93% |
| R1 | 17.18 | 6.18% |
| Price | 16.18 | |
| S1 | 16.10 | -0.494% |
| S2 | 16.06 | -0.742% |
| S3 | 15.76 | -2.60% |
RAW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 09, 2024 | Apr 09, 2024 | Apr 11, 2024 | 1.25€ | 0% |
| 2 | Nov 24, 2023 | Nov 24, 2023 | Nov 28, 2023 | 0.80€ | 0% |
| 3 | Apr 05, 2022 | Apr 05, 2022 | Apr 05, 2022 | 1.15€ | 0% |
| 4 | Nov 15, 2021 | Nov 15, 2021 | Nov 15, 2021 | 0.750€ | 0% |
| 5 | Apr 28, 2021 | Apr 28, 2021 | Apr 28, 2021 | 0.480€ | 0% |
FAQ
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