Sto SE & Co. KGaA Stock Forecast
Green day on Monday for Sto SE & Co. KGaA
(Updated on May 20, 2024)
The Sto SE & Co. KGaA stock price gained 0.600% on the last trading day (Monday, 20th May 2024), rising from 166.60€ to 167.60€. During the last trading day the stock fluctuated 0.84% from a day low at 166.40€ to a day high of 167.80€. The price has risen in 5 of the last 10 days and is up by 1.7% over the past 2 weeks. Volume fell on the last day by -208 shares and in total, 382 shares were bought and sold for approximately 64.02€ thousand. 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 upper part of a wide and strong rising 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 171.20€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 14.24% during the next 3 months and, with a 90% probability hold a price between 173.78€ and 195.58€ at the end of this 3-month period.
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STO3.DE Signals & Forecast
The Sto SE & Co. KGaA 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 166.74€ and 157.33€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -0.238%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Sto SE & Co. KGaA stock
On the downside, the stock finds support just below today's level from accumulated volume at 149.00€ and 145.00€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Sto SE & Co. KGaA finds support just below today's level at 149.00€. If this is broken, then the next support from accumulated volume will be at 145.00€ and 142.80€.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 1.40€ between high and low, or 0.84%. For the last week the stock has had daily average volatility of 1.21%.
Our recommended stop-loss: 162.27€ (-3.18%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (STO3.DE) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Sto SE & Co. KGaA to open at 167.27€, and during the day (based on 14 day Average True Range), to move between 164.50€ and 170.70€, which gives a possible trading interval of +/-3.10€ (+/-1.85%) up or down from last closing price. If Sto SE & Co. KGaA takes out the full calculated possible swing range there will be an estimated 3.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 168.00€ (0.24%) than the support at 149.00€ (11.10%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Sto SE & Co. KGaA stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Sto SE & Co. KGaA stock to perform well in the short-term.
Current score: 2.374 Buy Candidate Unchanged
Predicted Opening Price for Sto SE & Co. KGaA of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 167.27€ ( 0.199%) | 167.60€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STO3.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 168.67 | 0.636 % | |
| R2 | 168.13 | 0.317 % | ||
| R1 | 167.80 | 0.120 % | ||
| Current price: | 167.60 | |||
| Support | S1 | 166.73 | -0.518 % | |
| S2 | 166.40 | -0.715 % | ||
| S3 | 165.87 | -1.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 168.00 | 0.239 % | ||
| Current price | 167.60 | |||
| Support | S1 | 149.00 | -11.10% | |
| S2 | 145.00 | -13.48% | ||
| S3 | 142.80 | -14.80% |
STO3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2024 | Jun 20, 2024 | Jun 20, 2024 | 0€ | 0% |
| 2 | Jun 22, 2023 | Jun 22, 2023 | Jun 22, 2023 | 4.69€ | 3.02% |
| 3 | Jun 23, 2022 | Jun 23, 2022 | Jun 23, 2022 | 4.69€ | 3.31% |
| 4 | Jun 17, 2021 | Jun 17, 2021 | Jun 17, 2021 | 4.69€ | 2.58% |
| 5 | May 13, 2020 | Jun 11, 2020 | Jun 15, 2020 | 3.78€ | 3.86% |
FAQ
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