KraussMaffei Company Limited Stock Forecast
Big movements in KraussMaffei Company Limited stock price on Thursday moving 13.04% between high and low
(Updated on Jun 27, 2024)
The KraussMaffei Company Limited stock price gained 3.80% on the last trading day (Thursday, 27th Jun 2024), rising from $5.79 to $6.01. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 13.04% from a day low at $5.52 to a day high of $6.24. The price has fallen in 5 of the last 10 days but is still up by 9.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 224 thousand more shares were traded than the day before. In total, 34 million shares were bought and sold for approximately $204.23 million.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $5.85, a level that may pose a second chance to hit a runner. According to fan-theory $7.10 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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600579.SS Signals & Forecast
Mostly positive signals in the chart today. The KraussMaffei Company Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $5.57 and $5.74. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 16.02%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for KraussMaffei Company Limited stock
KraussMaffei Company Limited finds support from accumulated volume at $5.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.720 between high and low, or 13.04%. For the last week, the stock has had daily average volatility of 8.04%.
Our recommended stop-loss: $5.79 (-3.62%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (600579.SS) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect KraussMaffei Company Limited to open at $5.92, and during the day (based on 14 day Average True Range), to move between $5.73 and $6.29, which gives a possible trading interval of +/-$0.283 (+/-4.72%) up or down from last closing price. If KraussMaffei Company Limited takes out the full calculated possible swing range there will be an estimated 9.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.85 (2.66%) than the resistance at $6.22 (3.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KraussMaffei Company Limited stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
Current score: 2.251 Buy Candidate Unchanged
Predicted Opening Price for KraussMaffei Company Limited of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $5.92 ( 1.44%) | $6.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600579.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.64 | 10.54% |
| R2 | 6.37 | 5.96% |
| R1 | 6.20 | 3.13% |
| Price | 6.01 | |
| S1 | 5.65 | -6.02% |
| S2 | 5.48 | -8.85% |
| S3 | 5.20 | -13.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.57 | 9.32% |
| R2 | 6.25 | 3.99% |
| R1 | 6.22 | 3.49% |
| Price | 6.01 | |
| S1 | 5.85 | -2.66% |
| S2 | 5.79 | -3.66% |
| S3 | 5.27 | -12.31% |
600579 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 19, 2005 | Jul 19, 2005 | Jul 19, 2005 | $0.0129 | 0.91% |
| 2 | Dec 03, 2002 | Dec 03, 2002 | Dec 03, 2002 | $0.0161 | 0.254% |
FAQ
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