Knorr-bremse Aktiengesellschaft Stock Forecast

Knorr-bremse Aktiengesellschaft stock downgraded to Sell Candidate
(Updated on Jun 25, 2024)

0KBI.L Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Knorr-bremse Aktiengesellschaft stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 70.53€ and 72.24€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -7.08%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Friday, January 05, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Knorr-bremse Aktiengesellschaft stock

Knorr-bremse Aktiengesellschaft finds support from accumulated volume at 69.81€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 1.10€ between high and low, or 1.58%. For the last week the stock has had daily average volatility of 1.39%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (0KBI.L) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Knorr-bremse Aktiengesellschaft to open at 70.08€, and during the day (based on 14 day Average True Range), to move between 68.65€ and 71.45€, which gives a possible trading interval of +/-1.40€ (+/-1.99%) up or down from last closing price. If Knorr-bremse Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 3.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 70.10€ (0.07%) than the support at 69.81€ (0.34%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Knorr-bremse Aktiengesellschaft stock A Buy?

The Knorr-bremse Aktiengesellschaft stock holds several negative signals and despite the positive trend, we believe Knorr-bremse Aktiengesellschaft will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.596 Sell Candidate Downgraded

Predicted Opening Price for Knorr-bremse Aktiengesellschaft of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.