Ökoworld AG Stock Forecast
Ökoworld AG stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on May 20, 2024)
The Ökoworld AG stock price gained 2.17% on the last trading day (Monday, 20th May 2024), rising from 32.20€ to 32.90€. During the last trading day the stock fluctuated 1.23% from a day low at 32.60€ to a day high of 33.00€. The price has fallen in 5 of the last 10 days but is still up by 0.61% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 275 more shares were traded than the day before. In total, 360 shares were bought and sold for approximately 11.84€ thousand.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 33.11€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.05% during the next 3 months and, with a 90% probability hold a price between 29.98€ and 34.45€ 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 32.54€ and 30.20€. 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). Ökoworld AG has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Monday, May 13, 2024, and so far it has fallen -0.303%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Ökoworld AG stock
On the downside, the stock finds support just below today's level from accumulated volume at 30.90€ and 30.30€. 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 30.90€. If this is broken, then the next support from accumulated volume will be at 30.30€ and 29.40€.
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 0.400€ between high and low, or 1.23%. For the last week, the stock has had daily average volatility of 1.18%.
Our recommended stop-loss: 31.73€ (-3.57%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (VVV3.DE) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Ökoworld AG to open at 32.83€, and during the day (based on 14 day Average True Range), to move between 32.18€ and 33.62€, which gives a possible trading interval of +/-0.718€ (+/-2.18%) up or down from last closing price. If Ökoworld AG takes out the full calculated possible swing range there will be an estimated 4.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 33.00€ (0.30%) than the support at 30.90€ (6.08%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.230 Buy Candidate Upgraded
Predicted Opening Price for Ökoworld AG of Tuesday, May 21, 2024
Fair opening price May 21, 2024 | Current price |
---|---|
32.83€ ( 0.203%) | 32.90€ |
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 | |||
---|---|---|---|---|
Resistance | R3 | 33.23 | 1.01 % | |
R2 | 33.08 | 0.549 % | ||
R1 | 32.99 | 0.262 % | ||
Current price: | 32.90 | |||
Support | S1 | 32.68 | -0.667 % | |
S2 | 32.59 | -0.95 % | ||
S3 | 32.43 | -1.42 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 33.00 | 0.304 % | ||
Current price | 32.90 | |||
Support | S1 | 30.90 | -6.08% | |
S2 | 30.30 | -7.90% | ||
S3 | 29.40 | -10.64% |
VVV3 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 08, 2024 | Jul 08, 2024 | Jul 10, 2024 | 2.22€ | 6.73% |
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€ | 3.84% |
4 | Jul 05, 2021 | Jul 05, 2021 | Jul 05, 2021 | 1.11€ | 1.43% |
5 | May 13, 2020 | Jun 29, 2020 | Jul 01, 2020 | 0.620€ | 3.37% |
FAQ
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