Knorr-Bremse Aktiengesellschaft Stock Forecast
Knorr-Bremse Aktiengesellschaft stock price ended at 73.65€ on Tuesday, after losing 1.07%.
(Updated on May 14, 2024)
The Knorr-Bremse Aktiengesellschaft stock price fell by -1.07% on the last day (Tuesday, 14th May 2024) from 74.45€ to 73.65€. During the last trading day the stock fluctuated 2.43% from a day low at 72.15€ to a day high of 73.90€. The price has risen in 6 of the last 10 days and is up by 5.14% over the past 2 weeks. Volume has increased on the last day by 14 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, 155 thousand shares were bought and sold for approximately 11.39€ million.
The stock lies in the middle of a wide and strong 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 17.11% during the next 3 months and, with a 90% probability hold a price between 79.83€ and 87.91€ at the end of this 3-month period.
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KBX.F Signals & Forecast
The Knorr-Bremse Aktiengesellschaft 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 72.76€ and 70.34€. A breakdown below any of these levels will issue sell signals. 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 Friday, May 10, 2024, and so far it has fallen -1.41%. 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 Knorr-Bremse Aktiengesellschaft stock
Knorr-Bremse Aktiengesellschaft finds support from accumulated volume at 70.10€ 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 1.75€ between high and low, or 2.43%. For the last week, the stock has had daily average volatility of 2.36%.
Our recommended stop-loss: 71.26€ (-3.25%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (KBX.F) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Knorr-Bremse Aktiengesellschaft to open at 73.23€, and during the day (based on 14 day Average True Range), to move between 72.21€ and 75.09€, which gives a possible trading interval of +/-1.44€ (+/-1.96%) up or down from last closing price. If Knorr-Bremse Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 3.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 74.05€ (0.54%) than the support at 70.10€ (4.82%), 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 Knorr-Bremse Aktiengesellschaft stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Knorr-Bremse Aktiengesellschaft stock to perform well in the short-term.
Current score: 1.591 Buy Candidate Unchanged
Predicted Opening Price for Knorr-Bremse Aktiengesellschaft of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| 73.23€ ( 0.566%) | 73.65€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KBX.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 74.98 | 1.81 % | |
| R2 | 74.31 | 0.90 % | ||
| R1 | 73.90 | 0.342 % | ||
| Current price: | 73.65 | |||
| Support | S1 | 72.56 | -1.47 % | |
| S2 | 72.15 | -2.03 % | ||
| S3 | 71.48 | -2.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 74.70 | 1.43 % | |
| R2 | 74.45 | 1.09 % | ||
| R1 | 74.05 | 0.543 % | ||
| Current price | 73.65 | |||
| Support | S1 | 70.10 | -4.82% | |
| S2 | 64.68 | -12.18% | ||
| S3 | 62.66 | -14.92% |
KBX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 02, 2024 | 0€ | 0% |
| 2 | May 08, 2023 | May 08, 2023 | May 08, 2023 | 1.45€ | 0% |
| 3 | May 25, 2022 | May 25, 2022 | May 25, 2022 | 1.85€ | 0% |
| 4 | May 21, 2021 | May 21, 2021 | May 21, 2021 | 1.52€ | 0% |
| 5 | Apr 24, 2020 | Jul 01, 2020 | Jul 01, 2020 | 1.80€ | 0% |
FAQ
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