Volkswagen AG Stock Forecast
Volkswagen AG stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 26, 2024)
The Volkswagen AG stock price gained 1.09% on the last trading day (Friday, 26th Apr 2024), rising from 118.80€ to 120.10€. During the last trading day the stock fluctuated 1.22% from a day low at 119.25€ to a day high of 120.70€. The price has been going up and down for this period, and there has been a -2.91% loss for the last 2 weeks. Volume fell on the last day by -270 thousand shares and in total, 814 thousand shares were bought and sold for approximately 97.82€ 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 lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.13% during the next 3 months and, with a 90% probability hold a price between 118.36€ and 133.56€ at the end of this 3-month period.
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VOW3.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 1.09%. 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. On corrections up, there will be some resistance from the lines at 120.69€ and 120.50€. 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).
Support, Risk & Stop-loss for Volkswagen AG stock
Volkswagen AG finds support from accumulated volume at 119.16€ 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 1.45€ (1.22%) between high and low. For the last week, the stock has had daily average volatility of 1.69%.
Our recommended stop-loss: 113.44€ (-5.54%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (VOW3.DE) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Volkswagen AG to open at 120.02€, and during the day (based on 14 day Average True Range), to move between 117.68€ and 122.52€, which gives a possible trading interval of +/-2.42€ (+/-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 4.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 120.88€ (0.65%) than the support at 119.16€ (0.78%), 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 this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.963 Hold/Accumulate Upgraded
Predicted Opening Price for Volkswagen AG of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| 120.02€ ( 0.0694%) | 120.10€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VOW3.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 121.47 | 1.14 % | |
| R2 | 120.91 | 0.677 % | ||
| R1 | 120.57 | 0.392 % | ||
| Current price: | 120.10 | |||
| Support | S1 | 119.46 | -0.531 % | |
| S2 | 119.12 | -0.82 % | ||
| S3 | 118.57 | -1.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 124.00 | 3.25 % | |
| R2 | 122.40 | 1.92 % | ||
| R1 | 120.88 | 0.649 % | ||
| Current price | 120.10 | |||
| Support | S1 | 119.16 | -0.783% | |
| S2 | 113.78 | -5.26% | ||
| S3 | 113.76 | -5.28% |
VOW3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | 0€ | 0% |
| 2 | May 15, 2023 | May 15, 2023 | May 15, 2023 | 8.76€ | 7.35% |
| 3 | May 11, 2023 | May 11, 2023 | May 11, 2023 | 8.76€ | 7.31% |
| 4 | Dec 19, 2022 | Dec 19, 2022 | Dec 19, 2022 | 19.06€ | 15.52% |
| 5 | May 13, 2022 | May 13, 2022 | May 13, 2022 | 7.56€ | 5.24% |
FAQ
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