Fresenius Medical Care Corporation Stock Forecast
Red day on Tuesday for Fresenius Medical Care Corporation
(Updated on Jul 02, 2024)
The Fresenius Medical Care Corporation stock price fell by -0.0522% on the last day (Tuesday, 2nd Jul 2024) from $19.17 to $19.16. During the last trading day the stock fluctuated 1.21% from a day low at $18.97 to a day high of $19.20. The price has fallen in 7 of the last 10 days and is down by -4.06% for this period. 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 -26 thousand shares and in total, 174 thousand shares were bought and sold for approximately $3.33 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $19.11 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.32% during the next 3 months and, with a 90% probability hold a price between $19.75 and $23.55 at the end of this 3-month period.
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FMS Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 0.367%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Fresenius Medical Care Corporation 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 $19.21 and $20.72. A break-up above any of these levels will issue buy signals. 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 Corporation stock
Fresenius Medical Care Corporation finds support from accumulated volume at $19.10 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 $0.230 between high and low, or 1.21%. For the last week, the stock has had daily average volatility of 1.52%.
Fresenius Medical Care Corporation is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FMS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Fresenius Medical Care Corporation to open at $19.11, and during the day (based on 14 day Average True Range), to move between $18.71 and $19.61, which gives a possible trading interval of +/-$0.449 (+/-2.35%) up or down from last closing price. If Fresenius Medical Care Corporation takes out the full calculated possible swing range there will be an estimated 4.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.10 (0.31%) than the resistance at $19.40 (1.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fresenius Medical Care Corporation stock A Buy?
The Fresenius Medical Care Corporation stock holds several negative signals and despite the positive trend, we believe Fresenius Medical Care Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.099 Sell Candidate Unchanged
Predicted Opening Price for Fresenius Medical Care Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $19.11 ( 0.261%) | $19.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FMS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.34 | 0.94% |
| R2 | 19.25 | 0.481% |
| R1 | 19.20 | 0.198% |
| Price | 19.16 | |
| S1 | 19.02 | -0.720% |
| S2 | 18.97 | -1.00% |
| S3 | 18.88 | -1.46% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.48 | 12.11% |
| R2 | 20.11 | 4.96% |
| R1 | 19.40 | 1.25% |
| Price | 19.16 | |
| S1 | 19.10 | -0.313% |
| S2 | 18.77 | -2.04% |
| S3 | 18.39 | -4.02% |
FMS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 15, 2024 | May 17, 2024 | Jun 03, 2024 | $0.437 | 2.05% |
| 2 | May 03, 2023 | May 17, 2023 | Jun 01, 2023 | $0.618 | 2.87% |
| 3 | Apr 29, 2022 | May 13, 2022 | Jun 01, 2023 | $0.709 | 3.29% |
| 4 | May 17, 2021 | May 24, 2021 | Jun 07, 2021 | $0.83 | 2.03% |
| 5 | Aug 13, 2020 | Aug 28, 2020 | Sep 11, 2020 | $0.707 | 1.66% |
FAQ
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