Mercedes-Benz: shares are not limited

As already suspected on Monday afternoon, the shares of Mercedes-Benz managed to jump above the high level of 2023. The price has continued its rally since the end of January. How much more can the stock go up?

With an increase of almost 2.5 percent, Mercedes-Benz shares yesterday surpassed the 2023 high of 76.10 euros. With this huge increase, the price has increased by four percent in the last three trading days alone. If the positive momentum continues this Tuesday, the MACD indicator will also generate a bullish crossover, which should be viewed as a buy signal.

The next resistance is the 2022 high of 77.90 euros, which could be overcome this week. After that, the only thing standing in the way is the high of 79.76 euros before the price goes higher.