Fresenius SE Stock Forecast
Evaluation of Fresenius SE stock downgraded after the last trading session.
(Updated on Apr 24, 2024)
The Fresenius SE stock price fell by -1.34% on the last day (Wednesday, 24th Apr 2024) from $7.49 to $7.39. During the last trading day the stock fluctuated 1.94% from a day low at $7.36 to a day high of $7.50. The price has risen in 7 of the last 10 days and is up by 8.28% over the past 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 -19 thousand shares and in total, 28 thousand shares were bought and sold for approximately $204.53 thousand.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $7.49 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Fresenius SE stock with a 90% probability to be traded between $6.63 and $7.49 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FSNUY Signals & Forecast
The Fresenius SE 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 $7.28 and $6.91. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -1.34%. Further fall is indicated until a new bottom pivot has been found. 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. The stock had a Golden Star Signal on Tuesday, July 11, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, July 11, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Fresenius SE stock
On the downside, the stock finds support just below today's level from accumulated volume at $6.87 and $6.78. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Fresenius SE finds support just below today's level at $6.87. If this is broken, then the next support from accumulated volume will be at $6.78 and $6.63.
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 $0.143 between high and low, or 1.94%. For the last week the stock has had daily average volatility of 1.71%.
Our recommended stop-loss: $7.09 (-4.07%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (FSNUY) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Fresenius SE to open at $7.42, and during the day (based on 14 day Average True Range), to move between $7.25 and $7.53, which gives a possible trading interval of +/-$0.137 (+/-1.85%) up or down from last closing price. If Fresenius SE takes out the full calculated possible swing range there will be an estimated 3.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.40 (0.14%) than the support at $6.87 (7.04%), 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 Fresenius SE stock A Buy?
Fresenius SE holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.289 Hold/Accumulate Downgraded
Predicted Opening Price for Fresenius SE of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$7.42 ( 0.348%) | $7.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FSNUY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.56 | 2.28 % | |
R2 | 7.50 | 1.54 % | ||
R1 | 7.47 | 1.09 % | ||
Current price: | 7.39 | |||
Support | S1 | 7.36 | -0.390 % | |
S2 | 7.33 | -0.85 % | ||
S3 | 7.27 | -1.58 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 7.49 | 1.35 % | ||
R1 | 7.40 | 0.135 % | ||
Current price | 7.39 | |||
Support | S1 | 6.87 | -7.04% | |
S2 | 6.78 | -8.25% | ||
S3 | 6.63 | -10.28% |
FSNUY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 13, 2023 | May 18, 2023 | May 30, 2023 | $0.247 | 3.51% |
2 | May 16, 2022 | May 16, 2022 | Jun 21, 2022 | $0.242 | 3.34% |
3 | May 19, 2021 | May 24, 2021 | Jun 03, 2021 | $0.267 | 1.96% |
4 | Jul 10, 2020 | Aug 31, 2020 | Sep 10, 2020 | $0.238 | 2.12% |
5 | Apr 08, 2019 | May 20, 2019 | May 30, 2019 | $0.225 | 1.75% |
FAQ
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