Sixt SE Stock Forecast
Sixt SE stock downgraded to Strong Sell Candidate
(Updated on Jul 02, 2024)
The Sixt SE stock price fell by -0.97% on the last day (Tuesday, 2nd Jul 2024) from 51.60€ to 51.10€. During the last trading day the stock fluctuated 1.97% from a day low at 50.70€ to a day high of 51.70€. The price has fallen in 5 of the last 10 days and is down by -3.22% for this period. Volume has increased on the last day by 12 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, 35 thousand shares were bought and sold for approximately 1.78€ million.
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 -21.07% during the next 3 months and, with a 90% probability hold a price between 38.44€ and 42.69€ 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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SIX3.DE Signals & Forecast
There are few to no technical positive signals at the moment. The Sixt SE 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 52.20€ and 56.76€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -5.19%. 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 Sixt SE stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 1.00€ between high and low, or 1.97%. For the last week, the stock has had daily average volatility of 1.83%.
Sixt SE is oversold on RSI14 (22). 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 (SIX3.DE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Sixt SE to open at 51.17€, and during the day (based on 14 day Average True Range), to move between 49.54€ and 52.66€, which gives a possible trading interval of +/-1.56€ (+/-3.06%) up or down from last closing price. If Sixt SE takes out the full calculated possible swing range there will be an estimated 6.12% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 58.10€, some 7.00€ (13.70%) from the current price of 51.10€, our system finds the risk reward not very attractive.
Is Sixt SE stock A Buy?
Sixt SE 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -6.334 Strong Sell Candidate Downgraded
Predicted Opening Price for Sixt SE of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 51.17€ ( 0.130%) | 51.10€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIX3.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 52.17 | 2.09% |
| R2 | 51.78 | 1.34% |
| R1 | 51.55 | 0.88% |
| Price | 51.10 | |
| S1 | 50.78 | -0.617% |
| S2 | 50.55 | -1.08% |
| S3 | 50.17 | -1.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 59.50 | 16.44% |
| R2 | 58.20 | 13.89% |
| R1 | 58.10 | 13.70% |
| Price | 51.10 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
SIX3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2024 | Jun 13, 2024 | Jun 17, 2024 | 3.92€ | 7.50% |
| 2 | May 24, 2023 | May 24, 2023 | May 24, 2023 | 2.00€ | 2.84% |
| 3 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | 3.72€ | 5.70% |
| 4 | May 26, 2022 | May 26, 2022 | May 26, 2022 | 3.72€ | 5.61% |
| 5 | Jun 17, 2021 | Jun 17, 2021 | Jun 17, 2021 | 0.0500€ | 0.0709% |
FAQ
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