Talanx AG Stock Forecast
Weaker technical forecast for Talanx AG as stock downgraded to Strong Sell Candidate.
(Updated on Jul 02, 2024)
The Talanx AG stock price fell by -4.40% on the last day (Tuesday, 2nd Jul 2024) from 75.05€ to 71.75€. During the last trading day the stock fluctuated 5.45% from a day low at 71.55€ to a day high of 75.45€. The price has risen in 6 of the last 10 days but is still down by -2.45% for this period. Volume has increased on the last day by 88 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, 151 thousand shares were bought and sold for approximately 10.81€ million.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at 72.60€. A reaction back to this level may hold a second chance to get out before further falls.
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TLX.F 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 74.28€ and 73.44€. 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 -4.97%. 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.
Support, Risk & Stop-loss for Talanx AG stock
Talanx AG finds support from accumulated volume at 71.60€ 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 3.90€ between high and low, or 5.45%. For the last week the stock has had daily average volatility of 2.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TLX.F) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Talanx AG to open at 72.92€, and during the day (based on 14 day Average True Range), to move between 70.41€ and 73.09€, which gives a possible trading interval of +/-1.34€ (+/-1.87%) up or down from last closing price. If Talanx AG takes out the full calculated possible swing range there will be an estimated 3.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 71.60€ (0.21%) than the resistance at 73.15€ (1.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Talanx AG stock A Buy?
The Talanx AG stock holds several negative signals and despite the positive trend, we believe Talanx AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Strong Sell candidate.
Current score: -6.063 Strong Sell Candidate Downgraded
Predicted Opening Price for Talanx AG of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 72.92€ ( 1.63%) | 71.75€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TLX.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 76.82 | 7.06% |
| R2 | 75.33 | 4.99% |
| R1 | 74.41 | 3.70% |
| Price | 71.75 | |
| S1 | 71.43 | -0.450% |
| S2 | 70.51 | -1.73% |
| S3 | 69.02 | -3.81% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 74.55 | 3.90% |
| R2 | 74.00 | 3.14% |
| R1 | 73.15 | 1.95% |
| Price | 71.75 | |
| S1 | 71.60 | -0.209% |
| S2 | 68.70 | -4.25% |
| S3 | 68.45 | -4.60% |
TLX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | May 10, 2024 | 2.35€ | 0% |
| 2 | May 05, 2023 | May 05, 2023 | May 05, 2023 | 2.00€ | 0% |
| 3 | May 06, 2022 | May 06, 2022 | May 06, 2022 | 1.60€ | 0% |
| 4 | May 07, 2021 | May 07, 2021 | May 07, 2021 | 1.50€ | 0% |
| 5 | Mar 16, 2020 | May 08, 2020 | May 12, 2020 | 1.50€ | 0% |
FAQ
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