Fresenius Medical Care AG & Co. KGaA Stock Forecast

Green day on Monday for Fresenius Medical Care AG & Co. KGaA
(Updated on May 20, 2024)

FME.DE Signals & Forecast

The Fresenius Medical Care AG & Co. KGaA stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 40.97€. On a fall, the stock will find some support from the long-term average at approximately 37.80€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -3.73%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Fresenius Medical Care AG & Co. KGaA stock

On the downside, the stock finds support just below today's level from accumulated volume at 38.45€ and 37.43€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Fresenius Medical Care AG & Co. KGaA finds support just below today's level at 38.45€. If this is broken, then the next support from accumulated volume will be at 37.43€ and 34.64€.

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 2.16%.

Our recommended stop-loss: 38.33€ (-5.34%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 52 days ago.)

Trading Expectations (FME.DE) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Fresenius Medical Care AG & Co. KGaA to open at 40.53€, and during the day (based on 14 day Average True Range), to move between 39.27€ and 41.71€, which gives a possible trading interval of +/-1.22€ (+/-3.02%) 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 6.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 41.15€ (1.63%) than the support at 38.45€ (5.04%), 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 Fresenius Medical Care AG & Co. KGaA stock A Buy?

Fresenius Medical Care AG & Co. KGaA holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.323 Hold/Accumulate Unchanged

Predicted Opening Price for Fresenius Medical Care AG & Co. KGaA of Tuesday, May 21, 2024

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