Kardex AG Stock Forecast
Green day on Friday for Kardex AG stock after gaining 0.400%
(Updated on May 17, 2024)
The Kardex AG stock price gained 0.400% on the last trading day (Friday, 17th May 2024), rising from 250.00 Fr to 251.00 Fr. It has now gained 4 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 1.60% from a day low at 250.50 Fr to a day high of 254.50 Fr. The price has risen in 9 of the last 10 days and is up by 6.58% over the past 2 weeks. Volume fell on the last day by -274 shares and in total, 4 thousand shares were bought and sold for approximately 1.12 Fr million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Kardex AG stock with a 90% probability to be traded between 240.39 Fr and 267.85 Fr at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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KARN.SW Signals & Forecast
The Kardex AG 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 247.21 Fr and 244.34 Fr. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 6.58%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Kardex AG stock
Kardex AG finds support from accumulated volume at 246.50 Fr 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 4.00 Fr between high and low, or 1.60%. For the last week the stock has had daily average volatility of 2.50%
Our recommended stop-loss: 241.40 Fr (-3.82%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (KARN.SW) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Kardex AG to open at 252.00 Fr, and during the day (based on 14 day Average True Range), to move between 244.51 Fr and 257.49 Fr, which gives a possible trading interval of +/-6.49 Fr (+/-2.59%) up or down from last closing price. If Kardex AG takes out the full calculated possible swing range there will be an estimated 5.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 255.00 Fr (1.59%) than the support at 246.50 Fr (1.79%), 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 Kardex AG stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Kardex AG stock to perform well in the short-term period.
Current score: 2.373 Buy Candidate Unchanged
Predicted Opening Price for Kardex AG of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 252.00 Fr ( 0.398%) | 251.00 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KARN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 256.00 | 1.99 % | |
| R2 | 254.47 | 1.38 % | ||
| R1 | 253.53 | 1.01 % | ||
| Current price: | 251.00 | |||
| Support | S1 | 250.47 | -0.210 % | |
| S2 | 249.53 | -0.586 % | ||
| S3 | 248.00 | -1.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 260.00 | 3.59 % | |
| R2 | 255.50 | 1.79 % | ||
| R1 | 255.00 | 1.59 % | ||
| Current price | 251.00 | |||
| Support | S1 | 246.50 | -1.79% | |
| S2 | 239.50 | -4.58% | ||
| S3 | 235.00 | -6.37% |
KARN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | Apr 29, 2024 | 0 Fr | 0% |
| 2 | Apr 24, 2023 | Apr 24, 2023 | Apr 26, 2023 | 3.50 Fr | 1.79% |
| 3 | Apr 25, 2022 | Apr 25, 2022 | Apr 25, 2022 | 4.30 Fr | 2.22% |
| 4 | Apr 19, 2021 | Apr 19, 2021 | Apr 19, 2021 | 4.00 Fr | 2.00% |
| 5 | Mar 05, 2020 | Apr 16, 2020 | Apr 20, 2020 | 4.50 Fr | 3.28% |
FAQ
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