Vonovia stock faces continued downward pressure

Vonovia's stock continues to face downward pressure, trading at levels not seen since early 2023. The share price has recently fallen below key support levels, including the 0.887 Fibonacci retracement at approximately €16.715.

Technical indicators such as the Relative Strength Index (RSI) and MACD are showing bullish divergences, which some analysts suggest could signal a potential turnaround. However, the stock remains in a clear downtrend, having broken through previous support zones between €18.80 and €20.20. This former support now acts as a significant resistance level. For a mid-term recovery, the stock would likely need to reclaim the €18.00 mark. Currently, the price is approaching a psychological support level near €15.00.