Henkel AG & Co. KGaA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Henkel AG & Co. KGaA stock price ended at 83.76€ on Thursday, after gaining 0.82%.
(Updated on May 16, 2024)
The Henkel AG & Co. KGaA stock price gained 0.82% on the last trading day (Thursday, 16th May 2024), rising from 83.08€ to 83.76€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.01% from a day low at 82.74€ to a day high of 84.40€. The price has risen in 7 of the last 10 days and is up by 13.19% 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, 101 thousand more shares were traded than the day before. In total, 501 thousand shares were bought and sold for approximately 41.98€ million.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at 82.40€, a level that may pose a second chance to hit a runner. According to fan-theory 90.49€ will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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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 82.52€ and 75.50€. 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 17.97%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 with a target of 78.31€. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
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 79.34€ and 69.56€. 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 79.34€. If this is broken, then the next support from accumulated volume will be at 69.56€ and 69.02€.
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 1.66€ between high and low, or 2.01%. For the last week, the stock has had daily average volatility of 1.72%.
The Henkel AG & Co. KGaA stock is extremely overbought on RSI14 (91). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: 79.72€ (-4.82%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 91 and this increases the risk substantially. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (HEN3.F) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Henkel AG & Co. KGaA to open at 83.63€, and during the day (based on 14 day Average True Range), to move between 82.21€ and 85.31€, which gives a possible trading interval of +/-1.55€ (+/-1.84%) 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 3.69% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 79.34€, some 4.42€ (5.28%) from the current price of 83.76€, our system finds the risk reward attractive.
Is Henkel AG & Co. KGaA stock A Buy?
Henkel AG & Co. KGaA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Henkel AG & Co. KGaA of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| 83.63€ ( 0.151%) | 83.76€ |
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 | 85.29 | 1.83 % | |
| R2 | 84.66 | 1.07 % | ||
| R1 | 84.27 | 0.606 % | ||
| Current price: | 83.76 | |||
| Support | S1 | 83.00 | -0.91 % | |
| S2 | 82.61 | -1.38 % | ||
| S3 | 81.97 | -2.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 83.76 | |||
| Support | S1 | 79.34 | -5.28% | |
| S2 | 69.56 | -16.95% | ||
| S3 | 69.02 | -17.60% |
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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