Kardex AG 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
Kardex AG stock price down 1.66% on Friday
(Updated on Jun 14, 2024)
The Kardex AG stock price fell by -1.66% on the last day (Friday, 14th Jun 2024) from 241.00 Fr to 237.00 Fr. During the last trading day the stock fluctuated 2.34% from a day low at 235.00 Fr to a day high of 240.50 Fr. The price has fallen in 6 of the last 10 days and is down by -4.82% for this period. Volume has increased on the last day by 3 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, 9 thousand shares were bought and sold for approximately 2.09 Fr million.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 236.46 Fr will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Kardex AG stock with a 90% probability to be traded between 238.28 Fr and 262.03 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
There are few to no technical positive signals at the moment. The Kardex AG stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 244.14 Fr and 247.06 Fr. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen -8.67%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 236.50 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 5.50 Fr (2.34%) between high and low. For the last week, the stock has had daily average volatility of 2.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KARN.SW) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Kardex AG to open at 237.50 Fr, and during the day (based on 14 day Average True Range), to move between 230.69 Fr and 243.31 Fr, which gives a possible trading interval of +/-6.31 Fr (+/-2.66%) up or down from last closing price. If Kardex AG takes out the full calculated possible swing range there will be an estimated 5.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 236.50 Fr (0.21%) than the resistance at 239.50 Fr (1.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kardex AG stock A Buy?
Kardex AG holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.073 Sell Candidate Unchanged
Predicted Opening Price for Kardex AG of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| 237.50 Fr ( 0.211%) | 237.00 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 | |
|---|---|---|
| R3 | 243.00 | 2.53% |
| R2 | 240.90 | 1.65% |
| R1 | 239.60 | 1.10% |
| Price | 237.00 | |
| S1 | 235.40 | -0.676% |
| S2 | 234.10 | -1.22% |
| S3 | 232.00 | -2.11% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 244.50 | 3.16% |
| R2 | 244.00 | 2.95% |
| R1 | 239.50 | 1.05% |
| Price | 237.00 | |
| S1 | 236.50 | -0.211% |
| S2 | 235.50 | -0.633% |
| S3 | 0 | - |
KARN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 02, 2024 | 5.00 Fr | 2.12% |
| 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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