Bayer shares: analysis and forecast - ready for further upswing or is there a threat of consolidation?

Bayer shares: analysis and forecast - ready for further upswing or is there a threat of consolidation?

According to a report by stock3.com, Bayer shares have been in a recovery phase for days, reaching new highs every day and are one of the strongest DAX stocks. The current development shows the potential for prices to continue rising, but there is the possibility of consolidation and the formation of resistance.

The positive development of Bayer's share prices in recent weeks indicates increased buying interest. Current signs suggest that buyers are in control and prices could continue to rise. However, the stock's further development will be influenced by a few factors, including potential resistance areas and the possibility of consolidation. If the share overcomes the resistance area and closes above EUR 33.65, there is the possibility of further rising prices up to around EUR 37.94.

As an economic expert, I see the current development of Bayer shares as positive, but further price developments must be monitored closely. A potential consolidation should be planned for, but there is the potential for further rising prices if the share continues to close above the mentioned resistance areas. It is important to closely monitor developments and pay attention to these factors in order to make informed investment decisions.