Fresenius SE & Co. KGaA Stock Forecast
Weaker technical forecast for Fresenius SE & Co. KGaA as stock downgraded to Hold/Accumulate.
(Updated on May 17, 2024)
The Fresenius SE & Co. KGaA stock price fell by -2.03% on the last day (Friday, 17th May 2024) from 28.52€ to 27.94€. During the last trading day the stock fluctuated 3.25% from a day low at 27.70€ to a day high of 28.60€. The price has fallen in 5 of the last 10 days and is down by -0.04% for this period. Volume has increased on the last day by 522 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately 38.79€ million.
The stock lies in the middle of a 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 12.39% during the next 3 months and, with a 90% probability hold a price between 29.69€ and 32.40€ at the end of this 3-month period.
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FRE.DE Signals & Forecast
The Fresenius SE & 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 28.46€. On a fall, the stock will find some support from the long-term average at approximately 26.88€. 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 -2.72%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Fresenius SE & Co. KGaA stock
On the downside, the stock finds support just below today's level from accumulated volume at 26.20€ and 25.88€. 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 SE & Co. KGaA finds support just below today's level at 26.20€. If this is broken, then the next support from accumulated volume will be at 25.88€ and 25.00€.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.90€ (3.25%) between high and low. For the last week, the stock has had daily average volatility of 1.66%.
Our recommended stop-loss: 26.89€ (-3.76%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (FRE.DE) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Fresenius SE & Co. KGaA to open at 28.08€, and during the day (based on 14 day Average True Range), to move between 27.35€ and 28.53€, which gives a possible trading interval of +/-0.586€ (+/-2.10%) up or down from last closing price. If Fresenius SE & Co. KGaA takes out the full calculated possible swing range there will be an estimated 4.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 27.97€ (0.11%) than the support at 26.20€ (6.23%), 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 SE & Co. KGaA stock A Buy?
Fresenius SE & 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. 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: -0.802 Hold/Accumulate Downgraded
Predicted Opening Price for Fresenius SE & Co. KGaA of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 28.08€ ( 0.501%) | 27.94€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FRE.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.98 | 3.72 % | |
| R2 | 28.64 | 2.49 % | ||
| R1 | 28.42 | 1.73 % | ||
| Current price: | 27.94 | |||
| Support | S1 | 27.74 | -0.729 % | |
| S2 | 27.52 | -1.49 % | ||
| S3 | 27.18 | -2.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.67 | 2.61 % | |
| R2 | 28.48 | 1.93 % | ||
| R1 | 27.97 | 0.107 % | ||
| Current price | 27.94 | |||
| Support | S1 | 26.20 | -6.23% | |
| S2 | 25.88 | -7.37% | ||
| S3 | 25.00 | -10.52% |
FRE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 18, 2023 | May 18, 2023 | May 18, 2023 | 0.92€ | 3.37% |
| 2 | May 16, 2022 | May 16, 2022 | May 16, 2022 | 0.92€ | 2.77% |
| 3 | May 25, 2021 | May 25, 2021 | May 25, 2021 | 0.88€ | 1.97% |
| 4 | Feb 20, 2020 | Aug 31, 2020 | Sep 02, 2020 | 0.84€ | 2.12% |
| 5 | May 21, 2020 | May 21, 2020 | May 21, 2020 | 0.84€ | 1.95% |
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