Henkel AG & Co. KGaA Stock Forecast

Henkel AG & Co. KGaA stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 10, 2024)

HEN.DE Signals & Forecast

The Henkel AG & 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 71.34€ and 67.13€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Thursday, May 09, 2024, and so far it has fallen -0.137%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Thursday, April 25, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Henkel AG & Co. KGaA stock

On the downside, the stock finds support just below today's level from accumulated volume at 67.14€ and 66.70€. 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, Henkel AG & Co. KGaA finds support just below today's level at 67.14€. If this is broken, then the next support from accumulated volume will be at 66.70€ and 62.40€.

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 1.15€ between high and low, or 1.57%. For the last week, the stock has had daily average volatility of 1.88%.

The Henkel AG & Co. KGaA stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: 71.35€ (-2.39%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 83 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (HEN.DE) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Henkel AG & Co. KGaA to open at 73.48€, and during the day (based on 14 day Average True Range), to move between 71.78€ and 74.42€, which gives a possible trading interval of +/-1.32€ (+/-1.81%) up or down from last closing price. If Henkel AG & Co. KGaA takes out the full calculated possible swing range there will be an estimated 3.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 73.20€ (0.14%) than the support at 67.14€ (8.15%), 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 Henkel AG & 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 Henkel AG & Co. KGaA stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.985 Buy Candidate Upgraded

Predicted Opening Price for Henkel AG & Co. KGaA of Monday, May 13, 2024

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