Volkswagen AG Stock Forecast

Red day on Monday for Volkswagen AG
(Updated on May 20, 2024)

VLKAF 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 Volkswagen 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 $150.42 and $150.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -3.08%. Further fall is indicated until a new bottom pivot has been found. Volkswagen AG gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Volkswagen AG stock

Volkswagen AG finds support from accumulated volume at $147.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.73 (1.84%) between high and low. For the last week, the stock has had daily average volatility of 1.42%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (VLKAF) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Volkswagen AG to open at $149.83, and during the day (based on 14 day Average True Range), to move between $145.34 and $153.16, which gives a possible trading interval of +/-$3.91 (+/-2.62%) up or down from last closing price. If Volkswagen AG takes out the full calculated possible swing range there will be an estimated 5.24% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $147.93 (0.88%) than the resistance at $150.77 (1.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Volkswagen AG stock A Buy?

Volkswagen AG holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.010 Sell Candidate Unchanged

Predicted Opening Price for Volkswagen AG of Tuesday, May 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.