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BMW Technical Analysis - BMW Trading: 2022-01-13
Bayerische Motoren Werke AG Technical Analysis Summary
Above 99.02
Buy Stop
Below 86.70
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Neutral |
| MA(200) | Buy |
| Fractals | Neutral |
| Parabolic SAR | Buy |
Bayerische Motoren Werke AG Chart Analysis
Bayerische Motoren Werke AG Technical Analysis
The technical analysis of the BMW stock price chart on daily timeframe shows #D-BMW, Daily has resumed climbing above the 200-day moving average MA(200) after breaching below it. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 99.02. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 86.70. After placing the order, the stop loss is to be moved every day to the next fractal low, 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 (86.70) without reaching the order (99.02), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Bayerische Motoren Werke AG
BMW stock price closed up 2% after Goldman Sachs upgraded stock price target. Will the BMW stock price continue advancing?
BMW AG is a German-based auto giant. Its market capitalization is €58.24 billion. The stock is trading at P/E ratio (Trailing Twelve Months) of 5.46 currently and the revenue for the twelve months ending December 30, 2021 was €112.31 billion, while the Return on Equity (ttm) was 17.92%. The automaker topped Lexus, Mercedes in US luxury vehicle sales for third year in 2021. The BMW Group delivered 2.52 million vehicles in 2021, an 8.4% increase from last year. It more than doubled its sales of fully-electric vehicles globally. BMW, which currently employs about 120,000 workers, in the end of December confirmed plans to create up to 6,000 new jobs in 2022, primarily in Germany, to cater to the strong demand for EVs. Higher demand for electrical vehicles is bullish for BMW stock. The Goldman Sachs Group gave a €123.00 ($139.77) target price for BMW stock in a report issued on Monday, a potential upside of about 28% from the stock’s current price.
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