Salzgitter Aktiengesellschaft Stock Forecast
Salzgitter Aktiengesellschaft stock price ended at 22.82€ on Thursday, after losing 1.38%.
(Updated on Apr 25, 2024)
The Salzgitter Aktiengesellschaft stock price fell by -1.38% on the last day (Thursday, 25th Apr 2024) from 23.14€ to 22.82€. During the last trading day the stock fluctuated 2.56% from a day low at 22.66€ to a day high of 23.24€. The price has been going up and down for this period, and there has been a -9.23% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -7 thousand shares and in total, 52 thousand shares were bought and sold for approximately 1.18€ 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 -8.15% during the next 3 months and, with a 90% probability hold a price between 20.16€ and 22.85€ at the end of this 3-month period.
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SZG.DE Signals & Forecast
There are few to no technical positive signals at the moment. The Salzgitter Aktiengesellschaft 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 23.20€ and 23.84€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -9.44%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Salzgitter Aktiengesellschaft 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 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 0.580€ between high and low, or 2.56%. For the last week the stock has had daily average volatility of 2.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SZG.DE) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Salzgitter Aktiengesellschaft to open at 22.91€, and during the day (based on 14 day Average True Range), to move between 22.04€ and 23.60€, which gives a possible trading interval of +/-0.779€ (+/-3.42%) up or down from last closing price. If Salzgitter Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 6.83% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 23.18€, some 0.360€ (1.58%) from the current price of 22.82€, our system finds the risk reward not very attractive.
Is Salzgitter Aktiengesellschaft stock A Buy?
Salzgitter Aktiengesellschaft 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.
Current score: -3.089 Sell Candidate Unchanged
Predicted Opening Price for Salzgitter Aktiengesellschaft of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
22.91€ ( 0.380%) | 22.82€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SZG.DE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.49 | 2.92 % | |
R2 | 23.27 | 1.95 % | ||
R1 | 23.13 | 1.35 % | ||
Current price: | 22.82 | |||
Support | S1 | 22.69 | -0.591 % | |
S2 | 22.55 | -1.19 % | ||
S3 | 22.33 | -2.16 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 25.04 | 9.73 % | |
R2 | 23.64 | 3.59 % | ||
R1 | 23.18 | 1.58 % | ||
Current price | 22.82 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
SZG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 30, 2024 | May 30, 2024 | Jun 03, 2024 | 0.450€ | 1.98% |
2 | May 26, 2023 | May 26, 2023 | May 26, 2023 | 1.00€ | 3.17% |
3 | Jun 03, 2022 | Jun 03, 2022 | Jun 03, 2022 | 0.750€ | 1.93% |
4 | May 29, 2020 | May 29, 2020 | May 29, 2020 | 0.200€ | 1.64% |
5 | Mar 22, 2019 | May 24, 2019 | May 28, 2019 | 0.550€ | 2.27% |
FAQ
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