Kardex AG Stock Forecast
Stronger technical forecast for Kardex AG stock price after Friday trading.
(Updated on May 31, 2024)
The Kardex AG stock price fell by -1.19% on the last day (Friday, 31st May 2024) from 252.00 Fr to 249.00 Fr. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.81% from a day low at 248.50 Fr to a day high of 253.00 Fr. The price has fallen in 6 of the last 10 days and is down by -0.4% for this period. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 8 thousand shares were bought and sold for approximately 2.03 Fr million.
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 241.49 Fr and 269.21 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 a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 255.43 Fr. On a fall, the stock will find some support from the long-term average at approximately 246.07 Fr. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 23, 2024, and so far it has fallen -4.05%. 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.
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.
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 4.50 Fr between high and low, or 1.81%. For the last week, the stock has had daily average volatility of 1.86%.
Our recommended stop-loss: 241.38 Fr (-3.06%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (KARN.SW) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Kardex AG to open at 250.17 Fr, and during the day (based on 14 day Average True Range), to move between 242.89 Fr and 255.11 Fr, which gives a possible trading interval of +/-6.11 Fr (+/-2.45%) up or down from last closing price. If Kardex AG takes out the full calculated possible swing range there will be an estimated 4.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 250.00 Fr (0.40%) than the support at 246.50 Fr (1.00%), 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?
Kardex AG 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.317 Hold/Accumulate Upgraded
Predicted Opening Price for Kardex AG of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 250.17 Fr ( 0.469%) | 249.00 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 | 254.67 | 2.28 % | |
| R2 | 252.95 | 1.59 % | ||
| R1 | 251.89 | 1.16 % | ||
| Current price: | 249.00 | |||
| Support | S1 | 248.45 | -0.222 % | |
| S2 | 247.39 | -0.648 % | ||
| S3 | 245.67 | -1.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 255.50 | 2.61 % | |
| R2 | 251.00 | 0.80 % | ||
| R1 | 250.00 | 0.402 % | ||
| Current price | 249.00 | |||
| Support | S1 | 246.50 | -1.00% | |
| S2 | 244.50 | -1.81% | ||
| S3 | 239.50 | -3.82% |
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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