WashTec AG Stock Forecast
WashTec AG stock price up 0.514% on Tuesday
(Updated on Jun 25, 2024)
The WashTec AG stock price gained 0.514% on the last trading day (Tuesday, 25th Jun 2024), rising from 38.90€ to 39.10€. During the last trading day the stock fluctuated 1.29% from a day low at 38.80€ to a day high of 39.30€. The price has fallen in 6 of the last 10 days and is down by -4.63% for this period. Volume fell on the last day by -2 thousand shares and in total, 2 thousand shares were bought and sold for approximately 77.38€ 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 lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 38.05€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.20% during the next 3 months and, with a 90% probability hold a price between 39.65€ and 45.55€ at the end of this 3-month period.
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WSU.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 1.30%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The WashTec 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 39.24€ and 40.34€. A break-up above any of these levels will issue buy signals. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for WashTec AG stock
WashTec AG finds support from accumulated volume at 39.00€ 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 0.500€ between high and low, or 1.29%. For the last week the stock has had daily average volatility of 2.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WSU.DE) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect WashTec AG to open at 39.07€, and during the day (based on 14 day Average True Range), to move between 38.22€ and 39.98€, which gives a possible trading interval of +/-0.88€ (+/-2.25%) up or down from last closing price. If WashTec AG takes out the full calculated possible swing range there will be an estimated 4.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 39.00€ (0.26%) than the resistance at 40.00€ (2.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is WashTec AG stock A Buy?
The WashTec AG stock holds several negative signals and despite the positive trend, we believe WashTec AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.938 Sell Candidate Unchanged
Predicted Opening Price for WashTec AG of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 39.07€ ( 0.0853%) | 39.10€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WSU.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 39.57 | 1.19% |
| R2 | 39.38 | 0.705% |
| R1 | 39.26 | 0.403% |
| Price | 39.10 | |
| S1 | 38.88 | -0.574% |
| S2 | 38.76 | -0.88% |
| S3 | 38.57 | -1.36% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.00 | 4.86% |
| R2 | 40.80 | 4.35% |
| R1 | 40.00 | 2.30% |
| Price | 39.10 | |
| S1 | 39.00 | -0.256% |
| S2 | 38.70 | -1.02% |
| S3 | 38.50 | -1.53% |
WSU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | May 17, 2024 | 2.20€ | 5.56% |
| 2 | May 16, 2023 | May 16, 2023 | May 16, 2023 | 2.20€ | 5.95% |
| 3 | May 17, 2022 | May 17, 2022 | May 17, 2022 | 0.80€ | 1.69% |
| 4 | May 19, 2021 | May 19, 2021 | May 19, 2021 | 1.31€ | 2.48% |
| 5 | Apr 29, 2020 | Apr 29, 2020 | Apr 29, 2020 | 1.65€ | 4.42% |
FAQ
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