Volkswagen Technical Analysis | Volkswagen Trading: 2024-12-02 | IFCM Canada
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Volkswagen Technical Analysis - Volkswagen Trading: 2024-12-02

Volkswagen AG Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Above 78.77

Buy Stop

Below 83.05

Stop Loss

Ara Zohrabian
Ara Zohrabian
Senior Analytical Expert
Articles2614
IndicatorSignal
MACD Buy
Donchian Channel Sell
MA(200) Sell
Fractals Sell
Parabolic SAR Sell

Volkswagen AG Chart Analysis

Volkswagen AG Chart Analysis

Volkswagen AG Technical 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) which is declining itself. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 78.77. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 83.05. 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 (83.05) without reaching the order (78.77), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Stocks - Volkswagen AG

Volkswagen workers at nine plants strike today. Will the Volkswagen stock price persist retreating?

IG Metall union announced workers at nine Volkswagen car and component plants across Germany will strike for several hours today. Last week the union proposed measures it said would save 1.5 billion euros ($1.6 billion), including forgoing bonuses for 2025 and 2026. Volkswagen dismissed the proposal insisting on a demand for 10% wage cut, arguing it needs to slash costs and boost profit to defend market share. Europe's top carmaker is also threatening to close plants in Germany, a first in its 87-year history. The labor union called on employees of the plants housed under subsidiary Volkswagen Sachsen GmbH, which include VW's EV-only plant Zwickau, to strike on both Monday and Tuesday. The company said yesterday it had taken steps to ensure a basic level of supplies to customers and minimize the strike's impact. A strike is bearish for Volkswagen's price as it will decrease output at a time when the carmaker is already facing declining deliveries and plunging profit.

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This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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