Talanx AG Stock Forecast
Talanx AG stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 14, 2024)
The Talanx AG stock price fell by -1.85% on the last day (Friday, 14th Jun 2024) from 72.95€ to 71.60€. During the last trading day the stock fluctuated 2.24% from a day low at 71.45€ to a day high of 73.05€. The price has fallen in 6 of the last 10 days and is down by -2.12% for this period. 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 -13 thousand shares and in total, 69 thousand shares were bought and sold for approximately 4.97€ 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 4.22% during the next 3 months and, with a 90% probability hold a price between 72.53€ and 79.00€ at the end of this 3-month period.
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TLX.DE Signals & Forecast
There are few to no technical positive signals at the moment. The Talanx 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 74.00€ and 72.08€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -5.17%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Talanx AG stock
Talanx AG finds support from accumulated volume at 70.65€ 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 1.60€ between high and low, or 2.24%. For the last week the stock has had daily average volatility of 1.79%.
Our recommended stop-loss: 67.16€ (-6.20%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (TLX.DE) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Talanx AG to open at 72.03€, and during the day (based on 14 day Average True Range), to move between 70.34€ and 72.86€, which gives a possible trading interval of +/-1.26€ (+/-1.76%) up or down from last closing price. If Talanx AG takes out the full calculated possible swing range there will be an estimated 3.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 71.65€ (0.07%) than the support at 70.65€ (1.33%), 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 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. 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: -0.876 Hold/Accumulate Downgraded
Predicted Opening Price for Talanx AG of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| 72.03€ ( 0.605%) | 71.60€ |
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 | 73.63 | 2.84% |
| R2 | 73.02 | 1.99% |
| R1 | 72.64 | 1.46% |
| Price | 71.60 | |
| S1 | 71.42 | -0.248% |
| S2 | 71.04 | -0.776% |
| S3 | 70.43 | -1.63% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 73.15 | 2.16% |
| R2 | 72.70 | 1.54% |
| R1 | 71.65 | 0.0698% |
| Price | 71.60 | |
| S1 | 70.65 | -1.33% |
| S2 | 68.70 | -4.05% |
| S3 | 68.45 | -4.40% |
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
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