Ökoworld AG Stock Forecast
Ökoworld AG stock price ended at 37.30€ on Tuesday, after gaining 0.539%.
(Updated on Jul 02, 2024)
The Ökoworld AG stock price gained 0.539% on the last trading day (Tuesday, 2nd Jul 2024), rising from 37.10€ to 37.30€. During the last trading day the stock fluctuated 1.63% from a day low at 36.90€ to a day high of 37.50€. The price has fallen in 5 of the last 10 days but is still up by 7.8% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 587 shares were bought and sold for approximately 21.90€ thousand. 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 strong 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 32.69% during the next 3 months and, with a 90% probability hold a price between 46.78€ and 51.16€ at the end of this 3-month period.
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VVV3.DE Signals & Forecast
The Ökoworld AG 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 37.20€ and 34.73€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -0.533%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ökoworld AG stock
On the downside, the stock finds support just below today's level from accumulated volume at 35.30€ and 34.90€. 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, Ökoworld AG finds support just below today's level at 35.30€. If this is broken, then the next support from accumulated volume will be at 34.90€ and 33.00€.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.600€ between high and low, or 1.63%. For the last week the stock has had daily average volatility of 3.29%.
Our recommended stop-loss: 36.07€ (-3.30%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (VVV3.DE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Ökoworld AG to open at 37.23€, and during the day (based on 14 day Average True Range), to move between 36.25€ and 38.35€, which gives a possible trading interval of +/-1.05€ (+/-2.82%) up or down from last closing price. If Ökoworld AG takes out the full calculated possible swing range there will be an estimated 5.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 37.40€ (0.27%) than the support at 35.30€ (5.36%), 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 Ökoworld AG stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ökoworld AG stock to perform well in the short-term.
Current score: 4.278 Buy Candidate Unchanged
Predicted Opening Price for Ökoworld AG of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
37.23€ ( 0.179%) | 37.30€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VVV3.DE
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 37.83 | 1.43% |
R2 | 37.60 | 0.82% |
R1 | 37.46 | 0.436% |
Price | 37.30 | |
S1 | 37.00 | -0.793% |
S2 | 36.86 | -1.17% |
S3 | 36.63 | -1.79% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 37.50 | 0.536% |
R1 | 37.40 | 0.268% |
Price | 37.30 | |
S1 | 35.30 | -5.36% |
S2 | 34.90 | -6.43% |
S3 | 33.00 | -11.53% |
VVV3 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 08, 2024 | Jul 08, 2024 | Jul 10, 2024 | 2.22€ | 5.95% |
2 | Jun 22, 2023 | Jun 22, 2023 | Jun 22, 2023 | 2.22€ | 5.51% |
3 | Jun 27, 2022 | Jun 27, 2022 | Jun 27, 2022 | 2.22€ | 3.99% |
4 | Jul 05, 2021 | Jul 05, 2021 | Jul 05, 2021 | 1.11€ | 1.48% |
5 | May 13, 2020 | Jun 29, 2020 | Jul 01, 2020 | 0.620€ | 3.33% |
FAQ
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