Volkswagen AG Stock Forecast

Green day on Friday for Volkswagen AG
(Updated on May 03, 2024)

VOW.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 0.83%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 136.21€ and 140.46€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, January 08, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Volkswagen AG stock

Volkswagen AG finds support from accumulated volume at 132.80€ 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 2.20€ between high and low, or 1.66%. For the last week, the stock has had daily average volatility of 2.36%.

Volkswagen AG is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (VOW.F) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Volkswagen AG to open at 133.27€, and during the day (based on 14 day Average True Range), to move between 130.03€ and 136.37€, which gives a possible trading interval of +/-3.17€ (+/-2.38%) up or down from last closing price. If Volkswagen AG takes out the full calculated possible swing range there will be an estimated 4.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 132.80€ (0.30%) than the resistance at 136.25€ (2.29%), 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?

The Volkswagen AG stock holds several negative signals and despite the positive trend, we believe Volkswagen AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.088 Sell Candidate Unchanged

Predicted Opening Price for Volkswagen AG of Monday, May 6, 2024

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