Henkel AG & Co. KGaA Stock Forecast
Red day on Thursday for Henkel AG & Co. KGaA stock after losing 0.618%
(Updated on May 02, 2024)
The Henkel AG & Co. KGaA stock price fell by -0.618% on the last day (Thursday, 2nd May 2024) from 74.46€ to 74.00€. During the last trading day the stock fluctuated 0.86% from a day low at 74.00€ to a day high of 74.64€. The price has risen in 7 of the last 10 days and is up by 3.96% 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 -133 thousand shares and in total, 358 thousand shares were bought and sold for approximately 26.52€ million.
The stock lies in the middle of a weak 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 4.12% during the next 3 months and, with a 90% probability hold a price between 74.51€ and 80.51€ at the end of this 3-month period.
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HEN3.F 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 73.21€ and 73.20€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.23%. Further rise is indicated until a new top pivot has been found. 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 and based on theory for this formation the price should go up by 5.82% to 78.31€ within 16 trading days since signal was issued (Friday, May 03, 2024).
Support, Risk & Stop-loss for Henkel AG & Co. KGaA stock
Henkel AG & Co. KGaA finds support from accumulated volume at 70.34€ 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 0.640€ between high and low, or 0.86%. For the last week the stock has had daily average volatility of 1.26%.
Our recommended stop-loss: 70.24€ (-5.08%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (HEN3.F) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Henkel AG & Co. KGaA to open at 74.21€, and during the day (based on 14 day Average True Range), to move between 72.84€ and 75.16€, which gives a possible trading interval of +/-1.16€ (+/-1.56%) 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 3.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 74.46€ (0.62%) than the support at 70.34€ (4.95%), 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.
Earnings coming up
Henkel AG & Co. KGaA will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.19. We will update the financials statements for Henkel AG & Co. KGaA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.91% in the first trading day after earnings release.
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.
Current score: 1.790 Buy Candidate Unchanged
Predicted Opening Price for Henkel AG & Co. KGaA of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 74.21€ ( 0.288%) | 74.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HEN3.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 74.85 | 1.15 % | |
| R2 | 74.61 | 0.82 % | ||
| R1 | 74.46 | 0.619 % | ||
| Current price: | 74.00 | |||
| Support | S1 | 73.97 | -0.0421 % | |
| S2 | 73.82 | -0.246 % | ||
| S3 | 73.57 | -0.577 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 75.64 | 2.22 % | |
| R2 | 74.56 | 0.757 % | ||
| R1 | 74.46 | 0.622 % | ||
| Current price | 74.00 | |||
| Support | S1 | 70.34 | -4.95% | |
| S2 | 69.56 | -6.00% | ||
| S3 | 69.02 | -6.73% |
HEN3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | Apr 23, 2024 | Apr 23, 2024 | 0€ | 0% |
| 2 | Apr 25, 2023 | Apr 25, 2023 | Apr 25, 2023 | 1.85€ | 2.55% |
| 3 | Apr 05, 2022 | Apr 05, 2022 | Apr 05, 2022 | 1.85€ | 3.12% |
| 4 | Apr 19, 2021 | Apr 19, 2021 | Apr 19, 2021 | 1.85€ | 1.92% |
| 5 | Jun 18, 2020 | Jun 18, 2020 | Jun 18, 2020 | 1.85€ | 2.23% |
FAQ
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