Talanx AG Stock Forecast
Talanx AG stock price ended at 73.05€ on Thursday, after gaining 0.343%.
(Updated on May 23, 2024)
The Talanx AG stock price gained 0.343% on the last trading day (Thursday, 23rd May 2024), rising from 72.80€ to 73.05€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.38% from a day low at 72.65€ to a day high of 73.65€. The price has risen in 6 of the last 10 days and is up by 6.1% 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, 14 thousand more shares were traded than the day before. In total, 93 thousand shares were bought and sold for approximately 6.79€ million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.97% during the next 3 months and, with a 90% probability hold a price between 73.03€ and 79.36€ at the end of this 3-month period.
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TLX.DE Signals & Forecast
Mostly positive signals in the chart today. The Talanx AG 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 71.81€ and 70.31€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 7.11%. 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 Talanx AG stock
Talanx AG finds support from accumulated volume at 71.65€ 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 1.00€ between high and low, or 1.38%. For the last week the stock has had daily average volatility of 1.20%.
Our recommended stop-loss: 70.33€ (-3.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (TLX.DE) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect Talanx AG to open at 73.12€, and during the day (based on 14 day Average True Range), to move between 71.67€ and 74.43€, which gives a possible trading interval of +/-1.38€ (+/-1.88%) up or down from last closing price. If Talanx AG takes out the full calculated possible swing range there will be an estimated 3.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 73.20€ (0.21%) than the support at 71.65€ (1.92%), 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 Talanx AG 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 Talanx AG stock to perform well in the short-term.
Current score: 4.796 Buy Candidate Unchanged
Predicted Opening Price for Talanx AG of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| 73.12€ ( 0.0913%) | 73.05€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TLX.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 74.12 | 1.46 % | |
| R2 | 73.73 | 0.94 % | ||
| R1 | 73.50 | 0.614 % | ||
| Current price: | 73.05 | |||
| Support | S1 | 72.73 | -0.432 % | |
| S2 | 72.50 | -0.755 % | ||
| S3 | 72.12 | -1.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 73.45 | 0.548 % | |
| R2 | 73.40 | 0.479 % | ||
| R1 | 73.20 | 0.205 % | ||
| Current price | 73.05 | |||
| Support | S1 | 71.65 | -1.92% | |
| S2 | 70.65 | -3.29% | ||
| S3 | 68.70 | -5.95% |
TLX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | May 08, 2024 | 0€ | 0% |
| 2 | May 05, 2023 | May 05, 2023 | May 05, 2023 | 2.00€ | 4.58% |
| 3 | May 06, 2022 | May 06, 2022 | May 06, 2022 | 1.60€ | 4.29% |
| 4 | May 07, 2021 | May 07, 2021 | May 07, 2021 | 1.50€ | 4.20% |
| 5 | Mar 16, 2020 | May 08, 2020 | May 12, 2020 | 1.50€ | 4.91% |
FAQ
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