Wacker Chemie AG Stock Forecast
Stronger technical forecast for Wacker Chemie AG stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Wacker Chemie AG stock price fell by -0.636% on the last day (Tuesday, 25th Jun 2024) from 102.15€ to 101.50€. During the last trading day the stock fluctuated 3.23% from a day low at 100.50€ to a day high of 103.75€. The price has risen in 6 of the last 10 days and is up by 3.4% over the past 2 weeks. Volume has increased on the last day by 37 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, 102 thousand shares were bought and sold for approximately 10.32€ million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.72% during the next 3 months and, with a 90% probability hold a price between 84.07€ and 93.40€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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WCH.F Signals & Forecast
The Wacker Chemie AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 99.60€ and 100.87€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 6.42%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 101.45€ 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 3.25€ (3.23%) between high and low. For the last week, the stock has had daily average volatility of 3.52%.
Our recommended stop-loss: 96.58€ (-4.85%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (WCH.F) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Wacker Chemie AG to open at 101.92€, and during the day (based on 14 day Average True Range), to move between 98.28€ and 104.72€, which gives a possible trading interval of +/-3.22€ (+/-3.17%) up or down from last closing price. If Wacker Chemie AG takes out the full calculated possible swing range there will be an estimated 6.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 101.45€ (0.05%) than the resistance at 104.55€ (3.00%), 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 1.919 Buy Candidate Upgraded
Predicted Opening Price for Wacker Chemie AG of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 101.92€ ( 0.411%) | 101.50€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WCH.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 105.17 | 3.61% |
| R2 | 103.93 | 2.39% |
| R1 | 103.16 | 1.63% |
| Price | 101.50 | |
| S1 | 100.68 | -0.81% |
| S2 | 99.91 | -1.57% |
| S3 | 98.67 | -2.79% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 112.70 | 11.03% |
| R2 | 109.65 | 8.03% |
| R1 | 104.55 | 3.00% |
| Price | 101.50 | |
| S1 | 101.45 | -0.0493% |
| S2 | 101.00 | -0.493% |
| S3 | 100.30 | -1.18% |
WCH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 13, 2024 | 3.00€ | 0% |
| 2 | May 18, 2023 | May 18, 2023 | May 18, 2023 | 12.00€ | 0% |
| 3 | May 23, 2022 | May 23, 2022 | May 23, 2022 | 8.00€ | 0% |
| 4 | May 13, 2021 | May 13, 2021 | May 13, 2021 | 2.00€ | 0% |
| 5 | Mar 17, 2020 | Aug 05, 2020 | Aug 07, 2020 | 0.500€ | 0% |
FAQ
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