Wacker Chemie AG 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
Wacker Chemie AG stock price down 1.52% on Friday
(Updated on Apr 26, 2024)
The Wacker Chemie AG stock price fell by -1.52% on the last day (Friday, 26th Apr 2024) from 101.85€ to 100.30€. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.29% from a day low at 100.30€ to a day high of 103.60€. The price has fallen in 7 of the last 10 days and is down by -8.36% for this period. Volume has increased on the last day by 62 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, 189 thousand shares were bought and sold for approximately 18.99€ million.
Given the current short-term trend, the stock is expected to rise 10.81% during the next 3 months and, with a 90% probability hold a price between 111.14€ and 131.14€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
WCH.DE Signals & Forecast
There are few to no technical positive signals at the moment. The Wacker Chemie AG 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 106.15€ and 108.04€. 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 -13.35%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Wacker Chemie AG stock
Wacker Chemie AG finds support from accumulated volume at 99.66€ 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 3.30€ between high and low, or 3.29%. For the last week, the stock has had daily average volatility of 3.63%.
Wacker Chemie AG is oversold on RSI14 (18). 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 (WCH.DE) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Wacker Chemie AG to open at 101.40€, and during the day (based on 14 day Average True Range), to move between 96.48€ and 104.12€, which gives a possible trading interval of +/-3.82€ (+/-3.81%) up or down from last closing price. If Wacker Chemie AG takes out the full calculated possible swing range there will be an estimated 7.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 99.66€ (0.64%) than the resistance at 101.05€ (0.75%), 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 Chemie AG stock A Buy?
The Wacker Chemie AG stock holds several negative signals and despite the positive trend, we believe Wacker Chemie AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.381 Sell Candidate Unchanged
Predicted Opening Price for Wacker Chemie AG of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| 101.40€ ( 1.10%) | 100.30€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WCH.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 104.70 | 4.39 % | |
| R2 | 103.44 | 3.13 % | ||
| R1 | 102.66 | 2.35 % | ||
| Current price: | 100.30 | |||
| Support | S1 | 100.14 | -0.160 % | |
| S2 | 99.36 | -0.94 % | ||
| S3 | 98.10 | -2.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 109.65 | 9.32 % | |
| R2 | 106.60 | 6.28 % | ||
| R1 | 101.05 | 0.748 % | ||
| Current price | 100.30 | |||
| Support | S1 | 99.66 | -0.638% | |
| S2 | 97.96 | -2.33% | ||
| S3 | 97.66 | -2.63% |
WCH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 09, 2024 | 0€ | 0% |
| 2 | May 18, 2023 | May 18, 2023 | May 18, 2023 | 12.00€ | 9.39% |
| 3 | May 23, 2022 | May 23, 2022 | May 23, 2022 | 8.00€ | 4.96% |
| 4 | May 13, 2021 | May 13, 2021 | May 13, 2021 | 2.00€ | 1.62% |
| 5 | Mar 17, 2020 | Aug 05, 2020 | Aug 07, 2020 | 0.500€ | 0.617% |
FAQ
Click here for our free guide on how to buy Wacker Chemie AG Stock.
