Fresenius SE & Co. KGaA Stock Forecast
Fresenius SE & Co. KGaA stock price up 0.86% on Friday
(Updated on May 31, 2024)
The Fresenius SE & Co. KGaA stock price gained 0.86% on the last trading day (Friday, 31st May 2024), rising from 29.03€ to 29.28€. During the last trading day the stock fluctuated 1.28% from a day low at 28.95€ to a day high of 29.32€. The price has risen in 7 of the last 10 days and is up by 4.8% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately 58.85€ 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 19.00% during the next 3 months and, with a 90% probability hold a price between 33.50€ and 35.97€ at the end of this 3-month period.
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FRE.DE Signals & Forecast
The Fresenius SE & 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 29.00€ and 27.87€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 21, 2024, and so far it has risen 6.40%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Fresenius SE & Co. KGaA stock
Fresenius SE & Co. KGaA finds support from accumulated volume at 28.93€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.370€ between high and low, or 1.28%. For the last week the stock has had daily average volatility of 1.54%.
Our recommended stop-loss: 27.88€ (-4.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (FRE.DE) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Fresenius SE & Co. KGaA to open at 29.18€, and during the day (based on 14 day Average True Range), to move between 28.73€ and 29.83€, which gives a possible trading interval of +/-0.555€ (+/-1.90%) 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 3.79% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 28.93€, some 0.350€ (1.20%) from the current price of 29.28€, our system finds the risk reward attractive.
Is Fresenius SE & Co. KGaA stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Fresenius SE & Co. KGaA stock to perform well in the short-term.
Current score: 4.703 Buy Candidate Unchanged
Predicted Opening Price for Fresenius SE & Co. KGaA of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 29.18€ ( 0.330%) | 29.28€ |
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 | 29.55 | 0.93 % | |
| R2 | 29.41 | 0.451 % | ||
| R1 | 29.32 | 0.153 % | ||
| Current price: | 29.28 | |||
| Support | S1 | 29.04 | -0.81 % | |
| S2 | 28.95 | -1.11 % | ||
| S3 | 28.81 | -1.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 29.28 | |||
| Support | S1 | 28.93 | -1.20% | |
| S2 | 28.67 | -2.08% | ||
| S3 | 25.00 | -14.62% |
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% |
FAQ
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