Ströer SE & Co. KGaA Stock Forecast
Red day on Friday for Ströer SE & Co. KGaA stock after losing 1.40%
(Updated on Jun 28, 2024)
The Ströer SE & Co. KGaA stock price fell by -1.40% on the last day (Friday, 28th Jun 2024) from 60.70€ to 59.85€. During the last trading day the stock fluctuated 2.01% from a day low at 59.60€ to a day high of 60.80€. The price has been going up and down for this period, and there has been a -1.89% loss for the last 2 weeks. Volume has increased on the last day by 31 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, 51 thousand shares were bought and sold for approximately 3.08€ million.
Given the current short-term trend, the stock is expected to rise 10.70% during the next 3 months and, with a 90% probability hold a price between 66.25€ and 78.03€ at the end of this 3-month period.
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SAX.DE Signals & Forecast
There are few to no technical positive signals at the moment. The Ströer SE & Co. KGaA 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 60.66€ and 63.89€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -11.07%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Ströer SE & Co. KGaA stock
Ströer SE & Co. KGaA finds support from accumulated volume at 59.70€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 1.20€ between high and low, or 2.01%. For the last week, the stock has had daily average volatility of 1.68%.
Ströer SE & Co. KGaA is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SAX.DE) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ströer SE & Co. KGaA to open at 60.08€, and during the day (based on 14 day Average True Range), to move between 58.69€ and 61.01€, which gives a possible trading interval of +/-1.16€ (+/-1.93%) up or down from last closing price. If Ströer SE & Co. KGaA takes out the full calculated possible swing range there will be an estimated 3.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 59.70€ (0.25%) than the resistance at 62.05€ (3.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ströer SE & Co. KGaA stock A Buy?
The Ströer SE & Co. KGaA stock holds several negative signals and despite the positive trend, we believe Ströer SE & Co. KGaA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.209 Sell Candidate Unchanged
Predicted Opening Price for Ströer SE & Co. KGaA of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 60.08€ ( 0.390%) | 59.85€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAX.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 61.28 | 2.39% |
| R2 | 60.82 | 1.63% |
| R1 | 60.54 | 1.16% |
| Price | 59.85 | |
| S1 | 59.62 | -0.376% |
| S2 | 59.34 | -0.85% |
| S3 | 58.88 | -1.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 65.50 | 9.44% |
| R2 | 65.20 | 8.94% |
| R1 | 62.05 | 3.68% |
| Price | 59.85 | |
| S1 | 59.70 | -0.251% |
| S2 | 57.65 | -3.68% |
| S3 | 57.55 | -3.84% |
SAX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 05, 2024 | Jul 05, 2024 | Jul 05, 2024 | 0€ | 0% |
| 2 | Jun 12, 2024 | Jun 12, 2024 | Jun 14, 2024 | 1.85€ | 3.03% |
| 3 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | 1.85€ | 4.50% |
| 4 | Jun 23, 2022 | Jun 23, 2022 | Jun 23, 2022 | 2.25€ | 5.32% |
| 5 | Sep 06, 2021 | Sep 06, 2021 | Sep 06, 2021 | 2.00€ | 3.01% |
FAQ
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