Wacker Neuson SE Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Monday for Wacker Neuson SE
(Updated on May 06, 2024)
The Wacker Neuson SE stock price gained 1.67% on the last trading day (Monday, 6th May 2024), rising from 16.80€ to 17.08€. During the last trading day the stock fluctuated 1.54% from a day low at 16.86€ to a day high of 17.12€. The price has risen in 6 of the last 10 days but is still down by -0.35% for this period. Volume fell on the last day by -37 shares and in total, 26 thousand shares were bought and sold for approximately 445.75€ 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Wacker Neuson SE stock with a 90% probability to be traded between 16.86€ and 18.26€ 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 mixed signals in the stock today. The Wacker Neuson SE 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 17.21€. On a fall, the stock will find some support from the short-term average at 16.86€. 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). 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 also not. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 2.89%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Wacker Neuson SE stock
Wacker Neuson SE finds support from accumulated volume at 17.02€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0.260€ between high and low, or 1.54%. For the last week the stock has had daily average volatility of 1.74%.
Our recommended stop-loss: 16.27€ (-4.77%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (WAC.DE) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Wacker Neuson SE to open at 17.02€, and during the day (based on 14 day Average True Range), to move between 16.72€ and 17.44€, which gives a possible trading interval of +/-0.361€ (+/-2.11%) up or down from last closing price. If Wacker Neuson SE takes out the full calculated possible swing range there will be an estimated 4.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 17.02€ (0.35%) than the resistance at 17.16€ (0.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Wacker Neuson SE will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for Wacker Neuson SE, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.41% in the first trading day after earnings release.
Is Wacker Neuson SE stock A Buy?
Wacker Neuson SE holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.420 Hold/Accumulate Unchanged
Predicted Opening Price for Wacker Neuson SE of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| 17.02€ ( 0.351%) | 17.08€ |
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 | 17.28 | 1.17 % | |
| R2 | 17.18 | 0.589 % | ||
| R1 | 17.12 | 0.230 % | ||
| Current price: | 17.08 | |||
| Support | S1 | 16.92 | -0.93 % | |
| S2 | 16.86 | -1.29 % | ||
| S3 | 16.76 | -1.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.78 | 4.10 % | |
| R2 | 17.30 | 1.29 % | ||
| R1 | 17.16 | 0.468 % | ||
| Current price | 17.08 | |||
| Support | S1 | 17.02 | -0.351% | |
| S2 | 16.80 | -1.64% | ||
| S3 | 16.78 | -1.76% |
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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