Volkswagen AG Stock Forecast
Weaker technical forecast for Volkswagen AG as stock downgraded to Hold/Accumulate.
(Updated on May 06, 2024)
The Volkswagen AG stock price gained 1.26% on the last trading day (Monday, 6th May 2024), rising from 115.50€ to 116.95€. During the last trading day the stock fluctuated 1.55% from a day low at 116.20€ to a day high of 118.00€. The price has risen in 6 of the last 10 days but is still down by -3.51% for this period. Volume fell on the last day by -129 thousand shares and in total, 745 thousand shares were bought and sold for approximately 87.10€ 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 114.39€ and 129.85€ 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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VOW3.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 2.27%. 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 117.37€ and 120.43€. 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 115.15€ 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 1.80€ between high and low, or 1.55%. For the last week, the stock has had daily average volatility of 2.16%.
Our recommended stop-loss: 111.08€ (-5.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (VOW3.DE) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Volkswagen AG to open at 117.05€, and during the day (based on 14 day Average True Range), to move between 114.36€ and 119.54€, which gives a possible trading interval of +/-2.59€ (+/-2.22%) up or down from last closing price. If Volkswagen AG takes out the full calculated possible swing range there will be an estimated 4.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 115.15€ (1.54%) than the resistance at 119.16€ (1.89%), 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?
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.936 Hold/Accumulate Downgraded
Predicted Opening Price for Volkswagen AG of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| 117.05€ ( 0.0855%) | 116.95€ |
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 | 118.85 | 1.62 % | |
| R2 | 118.16 | 1.04 % | ||
| R1 | 117.74 | 0.673 % | ||
| Current price: | 116.95 | |||
| Support | S1 | 116.36 | -0.502 % | |
| S2 | 115.94 | -0.87 % | ||
| S3 | 115.25 | -1.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 124.00 | 6.03 % | |
| R2 | 120.88 | 3.36 % | ||
| R1 | 119.16 | 1.89 % | ||
| Current price | 116.95 | |||
| Support | S1 | 115.15 | -1.54% | |
| S2 | 113.78 | -2.71% | ||
| S3 | 113.76 | -2.73% |
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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