ElringKlinger AG Stock Forecast
ElringKlinger AG stock upgraded from Strong Sell Candidate to Sell Candidate after Monday trading session.
(Updated on May 20, 2024)
The ElringKlinger AG stock price fell by -3.57% on the last day (Monday, 20th May 2024) from 6.16€ to 5.94€. During the last trading day the stock fluctuated 4.71% from a day low at 5.94€ to a day high of 6.22€. The price has fallen in 5 of the last 10 days and is down by -9.73% for this period. 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 -11 thousand shares and in total, 30 thousand shares were bought and sold for approximately 177.59€ thousand.
Given the current short-term trend, the stock is expected to rise 23.03% during the next 3 months and, with a 90% probability hold a price between 7.31€ and 9.71€ at the end of this 3-month period.
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ZIL2.DE Signals & Forecast
There are few to no technical positive signals at the moment. The ElringKlinger 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 6.10€ and 6.51€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -17.50%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for ElringKlinger AG stock
ElringKlinger AG finds support from accumulated volume at 5.90€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.280€ between high and low, or 4.71%. For the last week the stock has had daily average volatility of 3.41%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZIL2.DE) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect ElringKlinger AG to open at 6.03€, and during the day (based on 14 day Average True Range), to move between 5.63€ and 6.25€, which gives a possible trading interval of +/-0.310€ (+/-5.21%) up or down from last closing price. If ElringKlinger AG takes out the full calculated possible swing range there will be an estimated 10.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 5.90€ (0.67%) than the resistance at 5.99€ (0.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ElringKlinger AG stock A Buy?
The ElringKlinger AG stock holds several negative signals and despite the positive trend, we believe ElringKlinger AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -1.445 Sell Candidate Upgraded
Predicted Opening Price for ElringKlinger AG of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 6.03€ ( 1.57%) | 5.94€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZIL2.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.31 | 6.29 % | |
| R2 | 6.21 | 4.48 % | ||
| R1 | 6.14 | 3.37 % | ||
| Current price: | 5.94 | |||
| Support | S1 | 5.93 | -0.229 % | |
| S2 | 5.86 | -1.34 % | ||
| S3 | 5.75 | -3.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.78 | 14.14 % | |
| R2 | 6.46 | 8.75 % | ||
| R1 | 5.99 | 0.758 % | ||
| Current price | 5.94 | |||
| Support | S1 | 5.90 | -0.673% | |
| S2 | 5.31 | -10.69% | ||
| S3 | 5.27 | -11.28% |
ZIL2 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | May 21, 2024 | 0.150€ | 2.53% |
| 2 | May 17, 2023 | May 17, 2023 | May 17, 2023 | 0.150€ | 1.60% |
| 3 | May 20, 2022 | May 20, 2022 | May 20, 2022 | 0.150€ | 1.99% |
| 4 | Mar 27, 2018 | May 17, 2018 | May 22, 2018 | 0.500€ | 3.60% |
| 5 | Mar 30, 2017 | May 17, 2017 | May 19, 2017 | 0.500€ | 2.78% |
FAQ
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