TUI AG Stock Forecast
Stronger technical forecast for TUI AG stock price after Monday trading.
(Updated on May 20, 2024)
The TUI AG stock price fell by -0.612% on the last day (Monday, 20th May 2024) from 6.53€ to 6.49€. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 4.04% from a day low at 6.43€ to a day high of 6.69€. The price has fallen in 7 of the last 10 days and is down by -3.59% 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 -4 million shares and in total, 2 million shares were bought and sold for approximately 10.82€ million.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 6.25€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect TUI AG stock with a 90% probability to be traded between 6.37€ and 8.14€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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TUI1.F 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 TUI AG stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 6.76€ and 7.00€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -17.89%. Further fall is indicated until a new bottom pivot has been found. 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 TUI AG stock
TUI AG finds support from accumulated volume at 6.47€ 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 0.260€ between high and low, or 4.04%. For the last week the stock has had daily average volatility of 5.16%.
Our recommended stop-loss: 6.09€ (-6.26%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 51 days ago.)
Trading Expectations (TUI1.F) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect TUI AG to open at 6.54€, and during the day (based on 14 day Average True Range), to move between 6.22€ and 6.76€, which gives a possible trading interval of +/-0.272€ (+/-4.19%) up or down from last closing price. If TUI AG takes out the full calculated possible swing range there will be an estimated 8.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 6.47€ (0.37%) than the resistance at 6.69€ (3.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TUI AG stock A Buy?
TUI 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.758 Hold/Accumulate Upgraded
Predicted Opening Price for TUI AG of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 6.54€ ( 0.698%) | 6.49€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TUI1.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.80 | 4.70 % | |
| R2 | 6.70 | 3.17 % | ||
| R1 | 6.64 | 2.23 % | ||
| Current price: | 6.49 | |||
| Support | S1 | 6.44 | -0.83 % | |
| S2 | 6.38 | -1.78 % | ||
| S3 | 6.28 | -3.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.49 | 15.37 % | |
| R2 | 6.90 | 6.35 % | ||
| R1 | 6.69 | 3.08 % | ||
| Current price | 6.49 | |||
| Support | S1 | 6.47 | -0.370% | |
| S2 | 6.29 | -3.17% | ||
| S3 | 6.12 | -5.79% |
TUI1 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 09, 2022 | Feb 09, 2022 | Feb 09, 2022 | 0.540€ | 0% |
| 2 | Dec 11, 2019 | Feb 12, 2020 | Feb 14, 2020 | 1.52€ | 0% |
| 3 | Feb 13, 2019 | Feb 13, 2019 | Feb 13, 2019 | 2.03€ | 0% |
| 4 | Feb 11, 2019 | Feb 11, 2019 | Feb 11, 2019 | 0.720€ | 0% |
| 5 | Feb 14, 2018 | Feb 14, 2018 | Feb 14, 2018 | 1.83€ | 0% |
FAQ
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