Talanx AG Stock Forecast
Weaker technical forecast for Talanx AG as stock downgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
The Talanx AG stock price fell by -0.736% on the last day (Tuesday, 25th Jun 2024) from 74.75€ to 74.20€. During the last trading day the stock fluctuated 1.01% from a day low at 74.00€ to a day high of 74.75€. The price has risen in 6 of the last 10 days and is up by 0.34% over the past 2 weeks. 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, 90 thousand shares were bought and sold for approximately 6.66€ 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 5.72% during the next 3 months and, with a 90% probability hold a price between 74.48€ and 80.74€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TLX.DE Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -0.736%. 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. 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 73.94€ and 72.70€. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Talanx AG stock
Talanx AG finds support from accumulated volume at 74.00€ 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 0.750€ between high and low, or 1.01%. For the last week the stock has had daily average volatility of 1.33%.
Our recommended stop-loss: 71.87€ (-3.14%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (TLX.DE) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Talanx AG to open at 74.32€, and during the day (based on 14 day Average True Range), to move between 73.03€ and 75.37€, which gives a possible trading interval of +/-1.17€ (+/-1.58%) up or down from last closing price. If Talanx AG takes out the full calculated possible swing range there will be an estimated 3.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 74.30€ (0.13%) than the support at 74.00€ (0.27%), 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?
Talanx AG holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.429 Hold/Accumulate Downgraded
Predicted Opening Price for Talanx AG of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 74.32€ ( 0.157%) | 74.20€ |
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 | |
|---|---|---|
| R3 | 75.07 | 1.17% |
| R2 | 74.78 | 0.782% |
| R1 | 74.60 | 0.543% |
| Price | 74.20 | |
| S1 | 74.03 | -0.229% |
| S2 | 73.85 | -0.467% |
| S3 | 73.57 | -0.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 75.50 | 1.75% |
| R2 | 74.75 | 0.741% |
| R1 | 74.30 | 0.135% |
| Price | 74.20 | |
| S1 | 74.00 | -0.270% |
| S2 | 73.15 | -1.42% |
| S3 | 68.70 | -7.41% |
TLX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | May 10, 2024 | 2.35€ | 3.37% |
| 2 | May 05, 2023 | May 05, 2023 | May 05, 2023 | 2.00€ | 4.60% |
| 3 | May 06, 2022 | May 06, 2022 | May 06, 2022 | 1.60€ | 4.32% |
| 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€ | 4.88% |
FAQ
Click here for our free guide on how to buy Talanx AG Stock.
