Volkswagen stock price forecast bearish despite company outlook upgrade
Technical Analysis Summary Volkswagen AG: Sell
| Indicator | Value | Signal |
| RSI | Neutral | |
| MACD | Sell | |
| Donchian Channel | Sell | |
| MA(200) | Sell | |
| Fractals | Sell | |
| Parabolic SAR | Sell |
Chart Analysis
The technical analysis of the Volkswagen stock price chart on daily timeframe shows #D-VOW,Daily is retreating under the 200-day moving average MA(200) after rebounding to three-month high three weeks ago. We believe the bearish momentum will resume after the price breaches below the lower boundary of Donchian channel at 135.69. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the upper boundary of Donchian channel at 147.11. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (147.11) without reaching the order (135.69), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of -
Volkswagen stock price closed higher after the CEO said the company expects a strong second half of 2022. Will the Volkswagen stock price resume advancing?
Volkswagen CEO said two days ago they expect a strong second half of 2022. The company stated chip shortages are easing that will help increase electric vehicle production volumes in its biggest markets in Germany and China. Increasing production should help Volkswagen meet its goal of becoming electric vehicle market leader by 2025. The stock price edged up 1.2% on the day after the announcement. Expectations of higher output are bullish for a company’s stock. However the current setup is bearish for the stock.