Vonovia SE Stock Forecast
Red day on Wednesday for Vonovia SE
(Updated on Apr 24, 2024)
The Vonovia SE stock price fell by -1.85% on the last day (Wednesday, 24th Apr 2024) from $13.78 to $13.53. During the last trading day the stock fluctuated 0.97% from a day low at $13.42 to a day high of $13.55. The price has fallen in 6 of the last 10 days and is down by -0.04% for this period. Volume has increased on the last day by 4 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, 62 thousand shares were bought and sold for approximately $839.63 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.95% during the next 3 months and, with a 90% probability hold a price between $11.34 and $13.13 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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VONOY Signals & Forecast
There are mixed signals in the stock today. The Vonovia SE stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $13.94. On a fall, the stock will find some support from the short-term average at $13.34. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Vonovia SE 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". A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.88%. Further rise is indicated until a new top pivot has been found.
A buy signal from a double bottom formation was found on Wednesday, April 17, 2024 and based on theory for this formation the price should go up by 14.14% to $15.44 within 22 trading days since signal was issued (Thursday, April 25, 2024).
Support, Risk & Stop-loss for Vonovia SE stock
Vonovia SE finds support from accumulated volume at $13.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.130 between high and low, or 0.97%. For the last week, the stock has had daily average volatility of 1.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VONOY) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Vonovia SE to open at $13.50, and during the day (based on 14 day Average True Range), to move between $13.22 and $13.83, which gives a possible trading interval of +/-$0.301 (+/-2.22%) up or down from last closing price. If Vonovia SE takes out the full calculated possible swing range there will be an estimated 4.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.60 (0.55%) than the support at $13.07 (3.36%), 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.
Earnings coming up
Vonovia SE will release earnings -- on Thursday, April 25, 2024. We will update the financials statements for Vonovia SE, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.88% in the first trading day after earnings release.
Is Vonovia SE stock A Buy?
Vonovia SE holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.318 Sell Candidate Unchanged
Predicted Opening Price for Vonovia SE of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $13.50 ( 0.197%) | $13.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VONOY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.63 | 0.764 % | |
| R2 | 13.58 | 0.397 % | ||
| R1 | 13.55 | 0.170 % | ||
| Current price: | 13.53 | |||
| Support | S1 | 13.45 | -0.564 % | |
| S2 | 13.42 | -0.791 % | ||
| S3 | 13.37 | -1.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.80 | 2.03 % | |
| R2 | 13.65 | 0.92 % | ||
| R1 | 13.60 | 0.555 % | ||
| Current price | 13.53 | |||
| Support | S1 | 13.07 | -3.36% | |
| S2 | 13.02 | -3.70% | ||
| S3 | 13.02 | -3.73% |
VONOY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | Jun 18, 2024 | $0.433 | 3.20% |
| 2 | May 26, 2023 | May 26, 2023 | Jun 29, 2023 | $0.460 | 4.88% |
| 3 | May 13, 2023 | May 17, 2023 | Jun 29, 2023 | $0.466 | 4.95% |
| 4 | Dec 07, 2021 | May 02, 2022 | Jun 09, 2022 | $0.92 | 5.13% |
| 5 | Apr 19, 2021 | Apr 19, 2021 | Apr 19, 2021 | $1.00 | 2.91% |
FAQ
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