thyssenkrupp AG Stock Forecast
thyssenkrupp AG stock price down 0.93% on Wednesday
(Updated on May 22, 2024)
The thyssenkrupp AG stock price fell by -0.93% on the last day (Wednesday, 22nd May 2024) from 4.72€ to 4.68€. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.26% from a day low at 4.60€ to a day high of 4.71€. The price has been going up and down for this period, and there has been a -3.29% loss for the last 2 weeks. Volume has increased on the last day by 33 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, 3 million shares were bought and sold for approximately 13.10€ million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 4.51€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.30% during the next 3 months and, with a 90% probability hold a price between 4.66€ and 5.61€ at the end of this 3-month period.
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TKA.DE Signals & Forecast
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. The thyssenkrupp AG stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 4.86€ and 4.85€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -5.78%. Further fall is indicated until a new bottom pivot has been found. 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 thyssenkrupp AG stock
thyssenkrupp AG finds support from accumulated volume at 4.66€ 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 0.104€ between high and low, or 2.26%. For the last week, the stock has had daily average volatility of 3.77%.
Our recommended stop-loss: 4.51€ (-3.51%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (TKA.DE) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect thyssenkrupp AG to open at 4.66€, and during the day (based on 14 day Average True Range), to move between 4.51€ and 4.85€, which gives a possible trading interval of +/-0.172€ (+/-3.67%) up or down from last closing price. If thyssenkrupp AG takes out the full calculated possible swing range there will be an estimated 7.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 4.66€ (0.45%) than the resistance at 4.73€ (1.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is thyssenkrupp AG stock A Buy?
thyssenkrupp AG holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.218 Hold/Accumulate Unchanged
Predicted Opening Price for thyssenkrupp AG of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| 4.66€ ( 0.356%) | 4.68€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TKA.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.77 | 1.87 % | |
| R2 | 4.73 | 1.02 % | ||
| R1 | 4.70 | 0.493 % | ||
| Current price: | 4.68 | |||
| Support | S1 | 4.62 | -1.21 % | |
| S2 | 4.60 | -1.73 % | ||
| S3 | 4.56 | -2.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.93 | 5.32 % | |
| R2 | 4.90 | 4.75 % | ||
| R1 | 4.73 | 1.18 % | ||
| Current price | 4.68 | |||
| Support | S1 | 4.66 | -0.449% | |
| S2 | 4.63 | -1.07% | ||
| S3 | 4.62 | -1.15% |
TKA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 05, 2024 | Feb 05, 2024 | Feb 05, 2024 | 0€ | 0% |
| 2 | Feb 06, 2023 | Feb 06, 2023 | Feb 06, 2023 | 0.150€ | 2.08% |
| 3 | Nov 27, 2018 | Feb 04, 2019 | Feb 06, 2019 | 0.150€ | 0.95% |
| 4 | Nov 23, 2017 | Jan 22, 2018 | Jan 24, 2018 | 0.150€ | 0.583% |
| 5 | Nov 25, 2016 | Jan 30, 2017 | Feb 01, 2017 | 0.150€ | 0.634% |
FAQ
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