WashTec 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
WashTec AG stock price up 0.499% on Friday
(Updated on May 31, 2024)
The WashTec AG stock price gained 0.499% on the last trading day (Friday, 31st May 2024), rising from 40.10€ to 40.30€. During the last trading day the stock fluctuated 1.50% from a day low at 39.90€ to a day high of 40.50€. The price has risen in 6 of the last 10 days and is up by 1.77% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 1 thousand shares were bought and sold for approximately 48.04€ 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 middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.13% during the next 3 months and, with a 90% probability hold a price between 41.36€ and 47.15€ at the end of this 3-month period.
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WSU.F Signals & Forecast
A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -5.84%. 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 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The WashTec AG stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 40.40€. On a fall, the stock will find some support from the long-term average at approximately 39.50€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for WashTec AG stock
WashTec AG finds support from accumulated volume at 39.30€ 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 0.600€ between high and low, or 1.50%. For the last week the stock has had daily average volatility of 1.85%.
Our recommended stop-loss: 38.56€ (-4.32%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (WSU.F) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect WashTec AG to open at 40.23€, and during the day (based on 14 day Average True Range), to move between 39.23€ and 41.37€, which gives a possible trading interval of +/-1.07€ (+/-2.66%) up or down from last closing price. If WashTec AG takes out the full calculated possible swing range there will be an estimated 5.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 40.75€ (1.12%) than the support at 39.30€ (2.48%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is WashTec AG stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 3.340 Buy Candidate Unchanged
Predicted Opening Price for WashTec AG of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 40.23€ ( 0.165%) | 40.30€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WSU.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.83 | 1.32 % | |
| R2 | 40.60 | 0.755 % | ||
| R1 | 40.46 | 0.403 % | ||
| Current price: | 40.30 | |||
| Support | S1 | 40.00 | -0.734 % | |
| S2 | 39.86 | -1.09 % | ||
| S3 | 39.63 | -1.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.80 | 6.20 % | |
| R2 | 41.00 | 1.74 % | ||
| R1 | 40.75 | 1.12 % | ||
| Current price | 40.30 | |||
| Support | S1 | 39.30 | -2.48% | |
| S2 | 39.00 | -3.23% | ||
| S3 | 38.50 | -4.47% |
WSU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | May 17, 2024 | 2.20€ | 0% |
| 2 | May 16, 2023 | May 16, 2023 | May 16, 2023 | 2.20€ | 0% |
| 3 | May 17, 2022 | May 17, 2022 | May 17, 2022 | 0.80€ | 0% |
| 4 | May 19, 2021 | May 19, 2021 | May 19, 2021 | 1.31€ | 0% |
| 5 | Apr 29, 2020 | Apr 29, 2020 | Apr 29, 2020 | 1.65€ | 0% |
FAQ
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