Fresenius Medical Care AG & Co. KGaA Stock Forecast
Fresenius Medical Care AG & Co. KGaA stock upgraded to Strong Buy Candidate.
(Updated on May 02, 2024)
The Fresenius Medical Care AG & Co. KGaA stock price gained 1.52% on the last trading day (Thursday, 2nd May 2024), rising from 39.60€ to 40.20€. 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 1.77% from a day low at 40.01€ to a day high of 40.72€. The price has risen in 7 of the last 10 days and is up by 13.11% over the past 2 weeks. Volume fell on the last day by -114 thousand shares and in total, 485 thousand shares were bought and sold for approximately 19.49€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. 39.56€ is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach 44.56€ sometime during the next 3 months.
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FME.DE Signals & Forecast
Mostly positive signals in the chart today. The Fresenius Medical Care AG & Co. KGaA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 38.93€ and 36.24€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 16.15%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
A buy signal from a double bottom formation was found on Friday, March 22, 2024 with a target of 35.58€. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Fresenius Medical Care AG & Co. KGaA stock
Fresenius Medical Care AG & Co. KGaA finds support from accumulated volume at 38.45€ 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 0.710€ between high and low, or 1.77%. For the last week, the stock has had daily average volatility of 2.80%.
Our recommended stop-loss: 38.95€ (-3.10%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (FME.DE) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Fresenius Medical Care AG & Co. KGaA to open at 40.31€, and during the day (based on 14 day Average True Range), to move between 39.07€ and 41.33€, which gives a possible trading interval of +/-1.13€ (+/-2.82%) up or down from last closing price. If Fresenius Medical Care AG & Co. KGaA takes out the full calculated possible swing range there will be an estimated 5.65% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 38.45€, some 1.75€ (4.35%) from the current price of 40.20€, our system finds the risk reward attractive.
Earnings coming up
Fresenius Medical Care AG & Co. KGaA will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.550. We will update the financials statements for Fresenius Medical Care AG & Co. KGaA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.80% in the first trading day after earnings release.
Is Fresenius Medical Care AG & Co. KGaA stock A Buy?
Fresenius Medical Care AG & Co. KGaA holds several positive signals and has broken the wide and horizontal trend up. As the stock is in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.454 Strong Buy Candidate Upgraded
Predicted Opening Price for Fresenius Medical Care AG & Co. KGaA of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 40.31€ ( 0.274%) | 40.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FME.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.02 | 2.04 % | |
| R2 | 40.75 | 1.37 % | ||
| R1 | 40.58 | 0.95 % | ||
| Current price: | 40.20 | |||
| Support | S1 | 40.04 | -0.401 % | |
| S2 | 39.87 | -0.82 % | ||
| S3 | 39.60 | -1.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 40.20 | |||
| Support | S1 | 38.45 | -4.35% | |
| S2 | 36.43 | -9.38% | ||
| S3 | 34.64 | -13.83% |
FME Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | May 17, 2024 | 0€ | 0% |
| 2 | May 17, 2023 | May 17, 2023 | May 17, 2023 | 1.12€ | 2.61% |
| 3 | May 13, 2022 | May 13, 2022 | May 13, 2022 | 1.35€ | 2.39% |
| 4 | May 21, 2021 | May 21, 2021 | May 21, 2021 | 1.34€ | 2.01% |
| 5 | Feb 20, 2020 | Aug 28, 2020 | Sep 01, 2020 | 1.20€ | 1.70% |
FAQ
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