SMA Solar Technology AG Stock Forecast
SMA Solar Technology AG stock price up 0.227% on Tuesday
(Updated on Jul 02, 2024)
The SMA Solar Technology AG stock price gained 0.227% on the last trading day (Tuesday, 2nd Jul 2024), rising from 26.48€ to 26.54€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.20% from a day low at 26.14€ to a day high of 27.50€. The price has been going up and down for this period, and there has been a -36.08% loss for the last 2 weeks. Volume fell on the last day by -23 thousand shares and in total, 107 thousand shares were bought and sold for approximately 2.85€ 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 lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 24.87€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -30.22% during the next 3 months and, with a 90% probability hold a price between 17.35€ and 31.53€ at the end of this 3-month period.
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S92.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 2.87%. Further rise is indicated until a new top pivot has been found. 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 SMA Solar Technology 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 26.80€ and 41.62€. 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).
Support, Risk & Stop-loss for SMA Solar Technology AG stock
SMA Solar Technology AG finds support from accumulated volume at 26.36€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved 1.36€ between high and low, or 5.20%. For the last week, the stock has had daily average volatility of 4.82%.
SMA Solar Technology AG is oversold on RSI14 (9). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (S92.DE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect SMA Solar Technology AG to open at 26.73€, and during the day (based on 14 day Average True Range), to move between 24.38€ and 28.70€, which gives a possible trading interval of +/-2.16€ (+/-8.12%) up or down from last closing price. If SMA Solar Technology AG takes out the full calculated possible swing range there will be an estimated 16.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 26.36€ (0.68%) than the resistance at 28.04€ (5.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SMA Solar Technology AG stock A Buy?
SMA Solar Technology AG holds several negative signals and is within a very 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: -4.484 Sell Candidate Unchanged
Predicted Opening Price for SMA Solar Technology AG of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 26.73€ ( 0.703%) | 26.54€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for S92.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.09 | 5.83% |
| R2 | 27.57 | 3.87% |
| R1 | 27.25 | 2.66% |
| Price | 26.54 | |
| S1 | 26.21 | -1.25% |
| S2 | 25.89 | -2.46% |
| S3 | 25.37 | -4.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.16 | 9.87% |
| R2 | 28.62 | 7.84% |
| R1 | 28.04 | 5.65% |
| Price | 26.54 | |
| S1 | 26.36 | -0.678% |
| S2 | 26.28 | -0.98% |
| S3 | 25.80 | -2.79% |
S92 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2024 | May 29, 2024 | May 31, 2024 | 0.500€ | 1.04% |
| 2 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | 0.300€ | 0.677% |
| 3 | Mar 28, 2018 | May 25, 2018 | May 29, 2018 | 0.350€ | 0.678% |
| 4 | Mar 30, 2017 | May 24, 2017 | May 26, 2017 | 0.260€ | 1.07% |
| 5 | Mar 30, 2016 | Jun 01, 2016 | Jun 01, 2016 | 0.140€ | 0.278% |
FAQ
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