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COVTY
Stock ticker: OTC
AS OF
Apr 3 closing price
Price
$32.40
Change
+$0.58 (+1.82%)
Capitalization
10.22B

COVTY Covestro AG Forecast, Technical & Fundamental Analysis

Covestro AG is a player in the polymer materials field... Show more

COVTY
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for COVTY with price predictions
Apr 03, 2025

COVTY in downward trend: price expected to drop as it breaks its higher Bollinger Band on April 03, 2025

COVTY broke above its upper Bollinger Band on April 03, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 40 similar instances where the stock broke above the upper band. In of the 40 cases the stock fell afterwards. This puts the odds of success at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where COVTY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on March 28, 2025. You may want to consider a long position or call options on COVTY as a result. In of 95 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for COVTY just turned positive on April 03, 2025. Looking at past instances where COVTY's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .

The 50-day moving average for COVTY moved above the 200-day moving average on March 11, 2025. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where COVTY advanced for three days, in of 313 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 259 cases where COVTY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.308) is normal, around the industry mean (3.647). P/E Ratio (7.905) is within average values for comparable stocks, (34.248). Projected Growth (PEG Ratio) (0.308) is also within normal values, averaging (6.088). COVTY has a moderately high Dividend Yield (0.089) as compared to the industry average of (0.038). P/S Ratio (0.543) is also within normal values, averaging (94.064).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. COVTY’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

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COVTY
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
published Dividends

COVTY paid dividends on May 06, 2022

Covestro AG COVTY Stock Dividends
А dividend of $1.81 per share was paid with a record date of May 06, 2022, and an ex-dividend date of April 22, 2022. Read more...
A.I. Advisor
published General Information

General Information

Industry ChemicalsSpecialty

Profile
Fundamentals
Details
Industry
N/A
Address
Kaiser-Wilhelm-Allee 60
Phone
+49 21460092000
Employees
17985
Web
https://www.covestro.com/en
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COVTY and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, COVTY has been loosely correlated with BASFY. These tickers have moved in lockstep 42% of the time. This A.I.-generated data suggests there is some statistical probability that if COVTY jumps, then BASFY could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To COVTY
1D Price
Change %
COVTY100%
+1.83%
BASFY - COVTY
42%
Loosely correlated
-5.34%
AVNT - COVTY
36%
Loosely correlated
-14.18%
ARKAY - COVTY
35%
Loosely correlated
-5.26%
WLK - COVTY
35%
Loosely correlated
-7.62%
HUN - COVTY
35%
Loosely correlated
-10.50%
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