Rheinmetall AG Stock Forecast
Green day on Thursday for Rheinmetall AG stock after gaining 0.536%
(Updated on May 30, 2024)
The Rheinmetall AG stock price gained 0.536% on the last trading day (Thursday, 30th May 2024), rising from $111.89 to $112.49. During the last trading day the stock fluctuated 1.04% from a day low at $111.46 to a day high of $112.61. The price has been going up and down for this period, and there has been a 0.53% gain for the last 2 weeks. Volume fell on the last day by -315 shares and in total, 48 thousand shares were bought and sold for approximately $5.40 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 lies in the middle of a wide and strong 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 15.26% during the next 3 months and, with a 90% probability hold a price between $122.64 and $152.36 at the end of this 3-month period.
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RNMBY Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Rheinmetall AG 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 $113.44 and $112.96. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -7.48%. 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). The stock had a Golden Star Signal on Friday, July 28, 2023 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, July 28, 2023 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.
Support, Risk & Stop-loss for Rheinmetall AG stock
Rheinmetall AG finds support from accumulated volume at $111.89 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 $1.15 (1.04%) between high and low. For the last week, the stock has had daily average volatility of 1.32%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RNMBY) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect Rheinmetall AG to open at $112.19, and during the day (based on 14 day Average True Range), to move between $110.04 and $114.94, which gives a possible trading interval of +/-$2.45 (+/-2.18%) up or down from last closing price. If Rheinmetall AG takes out the full calculated possible swing range there will be an estimated 4.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $111.89 (0.53%) than the resistance at $113.77 (1.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Rheinmetall AG stock A Buy?
The Rheinmetall AG stock holds several negative signals and despite the positive trend, we believe Rheinmetall AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.401 Sell Candidate Unchanged
Predicted Opening Price for Rheinmetall AG of Friday, May 31, 2024
| Fair opening price May 31, 2024 | Current price |
|---|---|
| $112.19 ( 0.268%) | $112.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RNMBY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 113.34 | 0.758 % | |
| R2 | 112.90 | 0.366 % | ||
| R1 | 112.63 | 0.124 % | ||
| Current price: | 112.49 | |||
| Support | S1 | 111.75 | -0.660 % | |
| S2 | 111.47 | -0.90 % | ||
| S3 | 111.03 | -1.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 117.44 | 4.40 % | |
| R2 | 114.73 | 1.99 % | ||
| R1 | 113.77 | 1.14 % | ||
| Current price | 112.49 | |||
| Support | S1 | 111.89 | -0.533% | |
| S2 | 111.39 | -0.98% | ||
| S3 | 107.62 | -4.33% |
RNMBY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | Jun 03, 2024 | $0.84 | 0.750% |
| 2 | May 05, 2023 | May 10, 2023 | May 30, 2023 | $0.94 | 1.79% |
| 3 | May 06, 2022 | May 11, 2022 | May 31, 2022 | $0.726 | 1.79% |
| 4 | May 05, 2021 | May 12, 2021 | Jun 01, 2021 | $0.484 | 2.32% |
| 5 | May 20, 2020 | May 20, 2020 | Jun 08, 2020 | $0.518 | 2.85% |
FAQ
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