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
Red day on Friday for Wacker Chemie AG stock after losing 0.88%
(Updated on Jun 28, 2024)
The Wacker Chemie AG stock price fell by -0.88% on the last day (Friday, 28th Jun 2024) from 102.70€ to 101.80€. During the last trading day the stock fluctuated 2.80% from a day low at 101.80€ to a day high of 104.65€. The price has been going up and down for this period, and there has been a 6.04% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -29 thousand shares and in total, 64 thousand shares were bought and sold for approximately 6.48€ 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 -10.32% during the next 3 months and, with a 90% probability hold a price between 83.97€ and 93.71€ 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 101.75€ and 100.96€. 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 6.73%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Wacker Chemie AG stock
Wacker Chemie AG finds support from accumulated volume at 101.55€ 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 2.85€ (2.80%) between high and low. For the last week, the stock has had daily average volatility of 2.94%.
Our recommended stop-loss: 96.34€ (-5.36%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (WCH.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Wacker Chemie AG to open at 102.75€, and during the day (based on 14 day Average True Range), to move between 98.70€ and 104.90€, which gives a possible trading interval of +/-3.10€ (+/-3.05%) up or down from last closing price. If Wacker Chemie AG takes out the full calculated possible swing range there will be an estimated 6.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 101.55€ (0.25%) than the resistance at 105.50€ (3.63%), 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.
Current score: 1.907 Buy Candidate Unchanged
Predicted Opening Price for Wacker Chemie AG of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 102.75€ ( 0.93%) | 101.80€ |
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 | 105.60 | 3.73% |
| R2 | 104.51 | 2.66% |
| R1 | 103.84 | 2.00% |
| Price | 101.80 | |
| S1 | 101.66 | -0.136% |
| S2 | 100.99 | -0.797% |
| S3 | 99.90 | -1.87% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 112.70 | 10.71% |
| R2 | 109.65 | 7.71% |
| R1 | 105.50 | 3.63% |
| Price | 101.80 | |
| S1 | 101.55 | -0.246% |
| S2 | 101.45 | -0.344% |
| S3 | 101.00 | -0.786% |
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
Click here for our free guide on how to buy Wacker Chemie AG Stock.
