Volkswagen AG Stock Forecast
Stronger technical forecast for Volkswagen AG stock price after Monday trading.
(Updated on May 06, 2024)
The Volkswagen AG stock price gained 1.54% on the last trading day (Monday, 6th May 2024), rising from $14.28 to $14.50. During the last trading day the stock fluctuated 0.554% from a day low at $14.44 to a day high of $14.52. The price has been going up and down for this period, and there has been a -2.75% loss for the last 2 weeks. Volume fell on the last day by -148 thousand shares and in total, 130 thousand shares were bought and sold for approximately $1.88 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 at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $14.17 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Volkswagen AG stock with a 90% probability to be traded between $14.40 and $16.49 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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VWAGY Signals & Forecast
There are mixed signals in the stock today. The Volkswagen AG stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $15.10. On a fall, the stock will find some support from the short-term average at $14.45. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 2.40%. 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.
A buy signal from a double bottom formation was found on Thursday, May 02, 2024 and based on theory for this formation the price should go up by 20.17% to $17.42 within 34 trading days since signal was issued (Tuesday, May 07, 2024).
Support, Risk & Stop-loss for Volkswagen AG stock
Volkswagen AG finds support from accumulated volume at $14.42 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 $0.0800 between high and low, or 0.554%. For the last week, the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: $13.79 (-4.88%) (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 (VWAGY) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Volkswagen AG to open at $14.49, and during the day (based on 14 day Average True Range), to move between $14.19 and $14.81, which gives a possible trading interval of +/-$0.308 (+/-2.12%) up or down from last closing price. If Volkswagen AG takes out the full calculated possible swing range there will be an estimated 4.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.52 (0.14%) than the support at $14.42 (0.55%), 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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Volkswagen AG stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.096 Buy Candidate Upgraded
Predicted Opening Price for Volkswagen AG of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $14.49 ( 0.0920%) | $14.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VWAGY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.57 | 0.460 % | |
| R2 | 14.54 | 0.249 % | ||
| R1 | 14.52 | 0.119 % | ||
| Current price: | 14.50 | |||
| Support | S1 | 14.46 | -0.303 % | |
| S2 | 14.44 | -0.433 % | ||
| S3 | 14.41 | -0.644 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.09 | 4.07 % | |
| R2 | 15.03 | 3.66 % | ||
| R1 | 14.52 | 0.138 % | ||
| Current price | 14.50 | |||
| Support | S1 | 14.42 | -0.552% | |
| S2 | 14.22 | -1.93% | ||
| S3 | 14.18 | -2.21% |
VWAGY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 20, 2024 | $0.640 | 4.41% |
| 2 | May 06, 2023 | May 11, 2023 | May 30, 2023 | $0.94 | 5.97% |
| 3 | Dec 16, 2022 | Dec 19, 2022 | Jan 23, 2023 | $1.90 | 10.91% |
| 4 | May 13, 2022 | May 13, 2022 | Jun 01, 2022 | $0.82 | 3.58% |
| 5 | Jun 15, 2021 | Jul 23, 2021 | Aug 10, 2021 | $0.584 | 1.67% |
FAQ
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