Henkel AG & Company. 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
Evaluation of Henkel AG & Company. KGaA stock downgraded after the last trading session.
(Updated on May 01, 2024)
The Henkel AG & Company. KGaA stock price gained 0.283% on the last trading day (Wednesday, 1st May 2024), rising from $19.97 to $20.03. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 1.57% from a day low at $19.74 to a day high of $20.05. The price has risen in 9 of the last 10 days and is up by 5.79% 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, 377 more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately $133.14 thousand.
The stock lies in the middle of a wide and 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 3.22% during the next 3 months and, with a 90% probability hold a price between $19.56 and $21.80 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HENOY Signals & Forecast
The Henkel AG & Company. KGaA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $19.65 and $19.67. 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 6.35%. 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). Henkel AG & Company. KGaA has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The stock had a Golden Star Signal on Friday, April 26, 2024 in the long-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.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, April 26, 2024 in the long-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 & Company. KGaA stock
Henkel AG & Company. KGaA finds support from accumulated volume at $19.61 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 $0.310 between high and low, or 1.57%. For the last week the stock has had daily average volatility of 1.14%.
Since the Henkel AG & Company. KGaA has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $19.11 (-4.60%) (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 (HENOY) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Henkel AG & Company. KGaA to open at $19.94, and during the day (based on 14 day Average True Range), to move between $19.76 and $20.29, which gives a possible trading interval of +/-$0.263 (+/-1.31%) up or down from last closing price. If Henkel AG & Company. KGaA takes out the full calculated possible swing range there will be an estimated 2.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.19 (0.82%) than the support at $19.61 (2.08%), 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 & Company. KGaA stock A Buy?
Henkel AG & Company. 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. 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: 0.693 Hold/Accumulate Downgraded
Predicted Opening Price for Henkel AG & Company. KGaA of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $19.94 ( 0.438%) | $20.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HENOY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.25 | 1.11 % | |
| R2 | 20.13 | 0.519 % | ||
| R1 | 20.06 | 0.153 % | ||
| Current price: | 20.03 | |||
| Support | S1 | 19.82 | -1.03 % | |
| S2 | 19.75 | -1.39 % | ||
| S3 | 19.63 | -1.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.50 | 2.36 % | |
| R2 | 20.28 | 1.27 % | ||
| R1 | 20.19 | 0.82 % | ||
| Current price | 20.03 | |||
| Support | S1 | 19.61 | -2.08% | |
| S2 | 19.49 | -2.68% | ||
| S3 | 19.25 | -3.88% |
HENOY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | Apr 23, 2024 | May 06, 2024 | $0.337 | 1.68% |
| 2 | Jul 24, 2023 | Apr 25, 2023 | May 08, 2023 | $0.503 | 2.46% |
| 3 | Mar 31, 2022 | Apr 05, 2022 | Apr 18, 2022 | $0.510 | 3.15% |
| 4 | Apr 15, 2021 | Apr 19, 2021 | May 03, 2021 | $0.544 | 1.88% |
| 5 | Jun 18, 2020 | Jun 18, 2020 | Jun 18, 2020 | $0.502 | 2.16% |
FAQ
Click here for our free guide on how to buy Henkel AG & Company. KGaA Stock.
