Bayerische Motoren Werke AG Stock Forecast
Bayerische Motoren Werke AG stock price ended at $37.96 on Friday, after gaining 0.95%.
(Updated on Apr 26, 2024)
The Bayerische Motoren Werke AG stock price gained 0.95% on the last trading day (Friday, 26th Apr 2024), rising from $37.60 to $37.96. During the last trading day the stock fluctuated 0.740% from a day low at $37.83 to a day high of $38.11. The price has been going up and down for this period, and there has been a -1.66% loss for the last 2 weeks. Volume fell on the last day by -24 thousand shares and in total, 36 thousand shares were bought and sold for approximately $1.37 million. 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 $37.60 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 8.51% during the next 3 months and, with a 90% probability hold a price between $40.80 and $45.72 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BMWYY Signals & Forecast
There are few to no technical positive signals at the moment. The Bayerische Motoren Werke AG stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $38.85. On a fall, the stock will find some support from the short-term average at $37.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -8.29%. 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 also not.
Support, Risk & Stop-loss for Bayerische Motoren Werke AG stock
Bayerische Motoren Werke AG finds support from accumulated volume at $37.71 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 0.740%. For the last week the stock has had daily average volatility of 1.02%.
Bayerische Motoren Werke AG is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BMWYY) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Bayerische Motoren Werke AG to open at $37.97, and during the day (based on 14 day Average True Range), to move between $37.26 and $38.66, which gives a possible trading interval of +/-$0.701 (+/-1.85%) up or down from last closing price. If Bayerische Motoren Werke AG takes out the full calculated possible swing range there will be an estimated 3.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $38.12 (0.42%) than the support at $37.71 (0.66%), 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.
Earnings coming up
Bayerische Motoren Werke AG will release earnings -- on Thursday, May 02, 2024. We will update the financials statements for Bayerische Motoren Werke AG, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 0.89% in the first trading day after earnings release.
Is Bayerische Motoren Werke AG stock A Buy?
The Bayerische Motoren Werke AG stock holds several negative signals and despite the positive trend, we believe Bayerische Motoren Werke AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.321 Sell Candidate Unchanged
Predicted Opening Price for Bayerische Motoren Werke AG of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $37.97 ( 0.0176%) | $37.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BMWYY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.25 | 0.755 % | |
| R2 | 38.14 | 0.473 % | ||
| R1 | 38.07 | 0.299 % | ||
| Current price: | 37.96 | |||
| Support | S1 | 37.86 | -0.264 % | |
| S2 | 37.79 | -0.438 % | ||
| S3 | 37.69 | -0.720 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.41 | 6.45 % | |
| R2 | 38.38 | 1.11 % | ||
| R1 | 38.12 | 0.421 % | ||
| Current price | 37.96 | |||
| Support | S1 | 37.71 | -0.659% | |
| S2 | 35.98 | -5.22% | ||
| S3 | 34.84 | -8.22% |
BMWYY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | May 16, 2024 | May 31, 2024 | $1.54 | 4.06% |
| 2 | May 12, 2023 | May 12, 2023 | May 26, 2023 | $3.11 | 8.33% |
| 3 | May 12, 2022 | May 12, 2022 | May 26, 2022 | $2.10 | 7.27% |
| 4 | May 13, 2021 | May 13, 2021 | May 28, 2021 | $0.762 | 2.15% |
| 5 | May 22, 2020 | May 22, 2020 | May 22, 2020 | $0.90 | 4.94% |
FAQ
Click here for our free guide on how to buy Bayerische Motoren Werke AG Stock.
