Sixt SE Stock Forecast
Sixt SE stock price up 0.108% on Thursday
(Updated on Mar 28, 2024)
The Sixt SE stock price gained 0.108% on the last trading day (Thursday, 28th Mar 2024), rising from 92.35€ to 92.45€. It has now gained 8 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 1.25% from a day low at 91.70€ to a day high of 92.85€. The price has risen in 8 of the last 10 days and is up by 5.06% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 20 thousand shares were bought and sold for approximately 1.83€ million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 93.04€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.07% during the next 3 months and, with a 90% probability hold a price between 74.86€ and 85.53€ 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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SIX2.DE Signals & Forecast
The Sixt SE stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 90.71€ and 87.71€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 21, 2024, and so far it has risen 9.02%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Sixt SE stock
Sixt SE finds support from accumulated volume at 92.05€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 1.15€ between high and low, or 1.25%. For the last week the stock has had daily average volatility of 1.49%.
The Sixt SE stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs. Since the Sixt SE has been rising for 8 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: 88.40€ (-4.38%) (This stock has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (SIX2.DE) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Sixt SE to open at 92.33€, and during the day (based on 14 day Average True Range), to move between 90.65€ and 94.25€, which gives a possible trading interval of +/-1.80€ (+/-1.95%) up or down from last closing price. If Sixt SE takes out the full calculated possible swing range there will be an estimated 3.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 92.05€ (0.43%) than the resistance at 93.45€ (1.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sixt SE stock A Buy?
Sixt SE holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Sixt SE of Tuesday, April 2, 2024
Fair opening price April 2, 2024 | Current price |
---|---|
92.33€ ( 0.126%) | 92.45€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIX2.DE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 93.48 | 1.12 % | |
R2 | 93.04 | 0.643 % | ||
R1 | 92.77 | 0.349 % | ||
Current price: | 92.45 | |||
Support | S1 | 91.89 | -0.601 % | |
S2 | 91.62 | -0.89 % | ||
S3 | 91.18 | -1.37 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 94.65 | 2.38 % | |
R2 | 93.60 | 1.24 % | ||
R1 | 93.45 | 1.08 % | ||
Current price | 92.45 | |||
Support | S1 | 92.05 | -0.433% | |
S2 | 88.50 | -4.27% | ||
S3 | 86.65 | -6.27% |
SIX2 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 13, 2024 | Jun 13, 2024 | Jun 13, 2024 | 0€ | 0% |
2 | May 24, 2023 | May 24, 2023 | May 24, 2023 | 2.00€ | 1.87% |
3 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | 3.70€ | 3.67% |
4 | May 26, 2022 | May 26, 2022 | May 26, 2022 | 3.70€ | 3.29% |
5 | Mar 18, 2019 | Jun 05, 2019 | Jun 07, 2019 | 2.15€ | 2.37% |
FAQ
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