Featured car stocks: BMW, Mercedes Benz and Volkswagen with up to 40% off

flatex: VW, BMW and Mercedes Benz car stocks have all had strong stock performance so far in 2024, with Mercedes Benz performing the best year to date (nearly +20% YTD).

And analysts are still basically positive about the three German car parks.

BMW shares with the possibility of price more than 20%.

The share of the DAX BMW group was quoted on March 22, 2024 through Xetra at the last low transition rate of 102.84 euros, which is suitable for analysis.

Since then, the stock has rebounded to reach a high of 115.35 euros by April 10, 2024.

BMW shares recently traded between 104 and 115 euros.

Based on this price trend, the next targets will have to be decided up and down.

Resistance will be at 109.10 euros, 115.35 euros, 123.08 euros, 127.86 euros and 132.64 euros.
The aid will be 102.84 euros, 99.88 euros, 98.06 euros and 95.10 euros.

BMW stock chart analysis

BMW stock price

RBC experts set a price target of 109.00 euros, Barclays 95.00 euros and Bernstein 132.00 euros.

In particular, the target of 95.00 euros can be confirmed almost exactly with the technical support of 95.10 euros.

Mercedes-Benz shares with a price probability of around 40%.

The share of the DAX Mercedes-Benz group was quoted on January 18, 2024 through Xetra at a low price of 58.84 euros, which is important for the analysis.

The stock has recovered to a high of 77.45 euros on April 8, 2024.

Recently, Mercedes-Benz shares were traded between 73 and 77 euros.

Based on this price trend, the next targets will have to be decided up and down.

Resistance will be at 77.45 euros, 84.55 euros, 88.95 euros, 91.67 euros, 96.06 euros and 100.45 euros.
The support will be considered to be 73.05 euros, 70.34 euros, 68.14 euros and 65.95 euros.

Mercedes-Benz stock chart analysis

Mercedes-Benz stock price

Experts at Bernstein set a target of 100.00 euros and those at RBC set a target of 91.00 euros.

Above all, the target of 100.00 euros can be reasonably confirmed by the technically established resistance of 100.45 euros.

Volkswagen shares with a price probability of 25%.

The recommended share of the DAX Volkswagen group was quoted on March 1, 2024 through Xetra at a high of EUR 128.18, which is important for the analysis.

Since then, the security has corrected to an all-time low on March 14, 2024 at 112.28 euros.

Recently, Volkswagen shares traded between 117 and 129 euros.

Based on this price trend, the next targets on the upside and downside can be determined in more detail.

Resistance will be observed at 128.18 euros, 138.00 euros, 140.33 euros, 144.08 euros and 150.15 euros.
The support is available at 118.35 euros, 116.03 euros and 112.28 euros.

Volkswagen stock chart analysis

The high price of Volkswagen stock

Experts at Bernstein set a target of 150.00 euros and those at RBC set a target of 140.00 euros.

Both targets can be reasonably explained using the technically determined resistance of 140.33 and 150.15 euros.

Conclusion on car stocks:

So far in the 2024 stock market year, Mercedes Benz stock has outperformed — and analysts continue to believe this stock has more price potential than the other two car stocks.