Fresenius Medical Care AG & Co. KGaA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Fresenius Medical Care AG & Co. KGaA stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)
The Fresenius Medical Care AG & Co. KGaA stock price fell by -3.02% on the last day (Friday, 17th May 2024) from 41.72€ to 40.46€. During the last trading day the stock fluctuated 1.77% from a day low at 40.03€ to a day high of 40.74€. The price has risen in 7 of the last 10 days and is up by 3.06% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -347 thousand shares and in total, 439 thousand shares were bought and sold for approximately 17.77€ million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.74% during the next 3 months and, with a 90% probability hold a price between 41.97€ and 46.73€ at the end of this 3-month period.
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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 40.72€. On a fall, the stock will find some support from the long-term average at approximately 37.66€. 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. 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 -3.80%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
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 2.26%.
Our recommended stop-loss: 38.38€ (-5.13%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (FME.DE) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Fresenius Medical Care AG & Co. KGaA to open at 40.41€, and during the day (based on 14 day Average True Range), to move between 39.19€ and 41.73€, which gives a possible trading interval of +/-1.27€ (+/-3.15%) 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 6.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 40.48€ (0.05%) than the support at 38.45€ (4.97%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.099 Hold/Accumulate Downgraded
Predicted Opening Price for Fresenius Medical Care AG & Co. KGaA of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 40.41€ ( 0.124%) | 40.46€ |
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 | 41.12 | 1.63 % | |
| R2 | 40.85 | 0.96 % | ||
| R1 | 40.68 | 0.547 % | ||
| Current price: | 40.46 | |||
| Support | S1 | 40.14 | -0.794 % | |
| S2 | 39.97 | -1.21 % | ||
| S3 | 39.70 | -1.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.06 | 3.95 % | |
| R2 | 41.72 | 3.11 % | ||
| R1 | 40.48 | 0.0494 % | ||
| Current price | 40.46 | |||
| Support | S1 | 38.45 | -4.97% | |
| S2 | 37.43 | -7.49% | ||
| S3 | 34.64 | -14.38% |
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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