KBC Ancora SCA Stock Forecast
KBC Ancora SCA stock downgraded to Strong Sell Candidate
(Updated on Apr 25, 2024)
The KBC Ancora SCA stock price fell by -2.83% on the last day (Thursday, 25th Apr 2024) from 45.95€ to 44.65€. During the last trading day the stock fluctuated 3.03% from a day low at 44.55€ to a day high of 45.90€. The price has been going up and down for this period, and there has been a -1.54% loss for the last 2 weeks. Volume has increased on the last day by 15 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, 49 thousand shares were bought and sold for approximately 2.17€ million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 44.20€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.87% during the next 3 months and, with a 90% probability hold a price between 49.44€ and 53.22€ at the end of this 3-month period.
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KBCA.BB Signals & Forecast
There are few to no technical positive signals at the moment. The KBC Ancora SCA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 45.64€ and 44.93€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -3.67%. 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 KBC Ancora SCA stock
KBC Ancora SCA finds support from accumulated volume at 44.20€ 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 1.35€ between high and low, or 3.03%. For the last week the stock has had daily average volatility of 1.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KBCA.BB) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect KBC Ancora SCA to open at 45.03€, and during the day (based on 14 day Average True Range), to move between 43.89€ and 45.41€, which gives a possible trading interval of +/-0.760€ (+/-1.70%) up or down from last closing price. If KBC Ancora SCA takes out the full calculated possible swing range there will be an estimated 3.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 44.78€ (0.29%) than the support at 44.20€ (1.01%), 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 KBC Ancora SCA stock A Buy?
The KBC Ancora SCA stock holds several negative signals and despite the positive trend, we believe KBC Ancora SCA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Strong Sell candidate.
Current score: -5.874 Strong Sell Candidate Downgraded
Predicted Opening Price for KBC Ancora SCA of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| 45.03€ ( 0.86%) | 44.65€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KBCA.BB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.38 | 3.88 % | |
| R2 | 45.87 | 2.73 % | ||
| R1 | 45.55 | 2.01 % | ||
| Current price: | 44.65 | |||
| Support | S1 | 44.52 | -0.296 % | |
| S2 | 44.20 | -1.01 % | ||
| S3 | 43.68 | -2.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.35 | 3.81 % | |
| R2 | 45.35 | 1.57 % | ||
| R1 | 44.78 | 0.291 % | ||
| Current price | 44.65 | |||
| Support | S1 | 44.20 | -1.01% | |
| S2 | 43.32 | -2.98% | ||
| S3 | 40.96 | -8.26% |
KBCA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2023 | Jun 06, 2023 | Jun 06, 2023 | 3.31€ | 0% |
| 2 | Jun 07, 2022 | Jun 07, 2022 | Jun 07, 2022 | 6.49€ | 0% |
| 3 | Dec 07, 2021 | Dec 07, 2021 | Dec 07, 2021 | 2.30€ | 0% |
| 4 | Jun 08, 2021 | Jun 08, 2021 | Jun 08, 2021 | 0.200€ | 0% |
| 5 | May 24, 2019 | Jun 04, 2019 | Jun 06, 2019 | 3.08€ | 0% |
FAQ
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