Vonovia SE Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for Vonovia SE stock after gaining 2.52%
(Updated on May 03, 2024)
The Vonovia SE stock price gained 2.52% on the last trading day (Friday, 3rd May 2024), rising from $14.66 to $15.03. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 1.41% from a day low at $14.91 to a day high of $15.12. The price has risen in 8 of the last 10 days and is up by 12.84% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 37 thousand shares were bought and sold for approximately $559.72 thousand.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $14.70, a level that may pose a second chance to hit a runner. According to fan-theory $16.66 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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VONOY Signals & Forecast
Mostly positive signals in the chart today. The Vonovia SE stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $14.26 and $13.88. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 15.44%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Vonovia SE has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
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 2.71% to $15.44 within 22 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for Vonovia SE stock
On the downside, the stock finds support just below today's level from accumulated volume at $13.80 and $13.07. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Vonovia SE finds support just below today's level at $13.80. If this is broken, then the next support from accumulated volume will be at $13.07 and $13.02.
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 $0.210 between high and low, or 1.41%. For the last week, the stock has had daily average volatility of 1.96%.
The Vonovia SE stock is extremely overbought on RSI14 (83). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the Vonovia SE has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $14.53 (-3.34%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (VONOY) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Vonovia SE to open at $15.02, and during the day (based on 14 day Average True Range), to move between $14.68 and $15.38, which gives a possible trading interval of +/-$0.349 (+/-2.33%) up or down from last closing price. If Vonovia SE takes out the full calculated possible swing range there will be an estimated 4.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.07 (0.27%) than the support at $13.80 (8.18%), 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, May 09, 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 +/- 2.65% in the first trading day after earnings release.
Is Vonovia SE stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
Current score: 2.065 Buy Candidate Unchanged
Predicted Opening Price for Vonovia SE of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $15.02 ( 0.0665%) | $15.03 |
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 | 15.23 | 1.33 % | |
| R2 | 15.15 | 0.797 % | ||
| R1 | 15.10 | 0.467 % | ||
| Current price: | 15.03 | |||
| Support | S1 | 14.94 | -0.600 % | |
| S2 | 14.89 | -0.93 % | ||
| S3 | 14.81 | -1.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 15.07 | 0.266 % | ||
| Current price | 15.03 | |||
| Support | S1 | 13.80 | -8.18% | |
| S2 | 13.07 | -13.04% | ||
| S3 | 13.02 | -13.35% |
VONOY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | Jun 18, 2024 | $0.433 | 2.86% |
| 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 | Dec 07, 2021 | Dec 10, 2021 | Dec 20, 2021 | $2.04 | 7.51% |
FAQ
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