Wacker Neuson SE Stock Forecast
Wacker Neuson SE stock price ended at 16.60€ on Thursday, after losing 2.24%.
(Updated on Apr 25, 2024)
The Wacker Neuson SE stock price fell by -2.24% on the last day (Thursday, 25th Apr 2024) from 16.98€ to 16.60€. During the last trading day the stock fluctuated 2.29% from a day low at 16.60€ to a day high of 16.98€. The price has fallen in 6 of the last 10 days and is down by -6.85% for this period. Volume has increased on the last day by 26 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 51 thousand shares were bought and sold for approximately 851.51€ thousand.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 16.59€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Wacker Neuson SE stock with a 90% probability to be traded between 16.82€ and 18.23€ 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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WAC.DE Signals & Forecast
There are few to no technical positive signals at the moment. The Wacker Neuson SE 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 17.06€ and 17.17€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -7.37%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Wacker Neuson SE gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Wacker Neuson SE stock
Wacker Neuson SE finds support from accumulated volume at 16.54€ 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 0.380€ (2.29%) between high and low. For the last week, the stock has had daily average volatility of 1.66%.
Wacker Neuson SE is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WAC.DE) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Wacker Neuson SE to open at 16.73€, and during the day (based on 14 day Average True Range), to move between 16.22€ and 16.98€, which gives a possible trading interval of +/-0.384€ (+/-2.32%) up or down from last closing price. If Wacker Neuson SE takes out the full calculated possible swing range there will be an estimated 4.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 16.54€ (0.36%) than the resistance at 17.02€ (2.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wacker Neuson SE stock A Buy?
Wacker Neuson SE holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.597 Sell Candidate Unchanged
Predicted Opening Price for Wacker Neuson SE of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
16.73€ ( 0.763%) | 16.60€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WAC.DE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.11 | 3.05 % | |
R2 | 16.96 | 2.18 % | ||
R1 | 16.87 | 1.64 % | ||
Current price: | 16.60 | |||
Support | S1 | 16.58 | -0.111 % | |
S2 | 16.49 | -0.652 % | ||
S3 | 16.35 | -1.53 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.78 | 7.11 % | |
R2 | 17.06 | 2.77 % | ||
R1 | 17.02 | 2.53 % | ||
Current price | 16.60 | |||
Support | S1 | 16.54 | -0.361% | |
S2 | 16.48 | -0.723% | ||
S3 | 16.46 | -0.84% |
WAC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 16, 2024 | May 16, 2024 | May 16, 2024 | 0€ | 0% |
2 | May 29, 2023 | May 29, 2023 | May 29, 2023 | 1.00€ | 4.74% |
3 | Jun 06, 2022 | Jun 06, 2022 | Jun 06, 2022 | 0.90€ | 4.43% |
4 | May 27, 2021 | May 27, 2021 | May 27, 2021 | 0.600€ | 2.44% |
5 | May 28, 2020 | May 28, 2020 | May 28, 2020 | 0.600€ | 4.89% |
FAQ
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