Volkswagen AG 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 Thursday for Volkswagen AG stock after gaining 0.218%
(Updated on May 23, 2024)
The Volkswagen AG stock price gained 0.218% on the last trading day (Thursday, 23rd May 2024), rising from 137.70€ to 138.00€. During the last trading day the stock fluctuated 1.45% from a day low at 138.00€ to a day high of 140.00€. The price has been going up and down for this period, and there has been a 1.62% gain for the last 2 weeks. Volume fell on the last day by -21 thousand shares and in total, 31 thousand shares were bought and sold for approximately 4.25€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Volkswagen AG stock with a 90% probability to be traded between 128.14€ and 148.97€ 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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VOW.F Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 139.13€ and 140.34€. 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 -3.29%. Further fall is indicated until a new bottom pivot has been found. 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.
Golden Star 12 Months
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 136.25€ 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 2.00€ (1.45%) between high and low. For the last week, the stock has had daily average volatility of 1.37%.
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 Friday 24th
For the upcoming trading day on Friday, 24th we expect Volkswagen AG to open at 138.67€, and during the day (based on 14 day Average True Range), to move between 135.23€ and 140.77€, which gives a possible trading interval of +/-2.77€ (+/-2.01%) up or down from last closing price. If Volkswagen AG takes out the full calculated possible swing range there will be an estimated 4.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 138.70€ (0.51%) than the support at 136.25€ (1.27%), 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.
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: -3.204 Sell Candidate Unchanged
Predicted Opening Price for Volkswagen AG of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| 138.67€ ( 0.483%) | 138.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VOW.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 140.67 | 1.93 % | |
| R2 | 139.90 | 1.38 % | ||
| R1 | 139.43 | 1.04 % | ||
| Current price: | 138.00 | |||
| Support | S1 | 137.90 | -0.0705 % | |
| S2 | 137.43 | -0.413 % | ||
| S3 | 136.67 | -0.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 145.25 | 5.25 % | |
| R2 | 139.90 | 1.38 % | ||
| R1 | 138.70 | 0.507 % | ||
| Current price | 138.00 | |||
| Support | S1 | 136.25 | -1.27% | |
| S2 | 132.80 | -3.77% | ||
| S3 | 131.90 | -4.42% |
VOW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Jun 03, 2024 | 9.00€ | 0% |
| 2 | May 15, 2023 | May 15, 2023 | May 15, 2023 | 8.70€ | 0% |
| 3 | May 11, 2023 | May 11, 2023 | May 11, 2023 | 8.70€ | 0% |
| 4 | Dec 19, 2022 | Dec 19, 2022 | Dec 19, 2022 | 19.06€ | 0% |
| 5 | May 13, 2022 | May 13, 2022 | May 13, 2022 | 7.50€ | 0% |
FAQ
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