Knorr-Bremse Aktiengesellschaft Stock Forecast
Stronger technical forecast for Knorr-Bremse Aktiengesellschaft stock price after Monday trading.
(Updated on Jun 10, 2024)
The Knorr-Bremse Aktiengesellschaft stock price gained 1.26% on the last trading day (Monday, 10th Jun 2024), rising from 71.55€ to 72.45€. During the last trading day the stock fluctuated 1.83% from a day low at 71.15€ to a day high of 72.45€. The price has risen in 5 of the last 10 days but is still down by -0.34% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 82 thousand more shares were traded than the day before. In total, 198 thousand shares were bought and sold for approximately 14.32€ million.
The stock lies in the middle of a weak 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 6.37% during the next 3 months and, with a 90% probability hold a price between 75.57€ and 81.46€ 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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 71.39€ and 71.86€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 2.62%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Knorr-Bremse Aktiengesellschaft stock
Knorr-Bremse Aktiengesellschaft finds support from accumulated volume at 72.05€ 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 1.30€ (1.83%) between high and low. For the last week, the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: 68.06€ (-6.06%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (KBX.F) For The Upcoming Trading Day Of Tuesday 11th
For the upcoming trading day on Tuesday, 11th we expect Knorr-Bremse Aktiengesellschaft to open at 72.02€, and during the day (based on 14 day Average True Range), to move between 71.18€ and 73.72€, which gives a possible trading interval of +/-1.27€ (+/-1.75%) up or down from last closing price. If Knorr-Bremse Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 3.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 72.50€ (0.07%) than the support at 72.05€ (0.55%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.618 Buy Candidate Upgraded
Predicted Opening Price for Knorr-Bremse Aktiengesellschaft of Tuesday, June 11, 2024
| Fair opening price June 11, 2024 | Current price |
|---|---|
| 72.02€ ( 0.598%) | 72.45€ |
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 | |
|---|---|---|
| R3 | 73.32 | 1.20% |
| R2 | 72.82 | 0.511% |
| R1 | 72.51 | 0.0873% |
| Price | 72.45 | |
| S1 | 71.52 | -1.28% |
| S2 | 71.21 | -1.71% |
| S3 | 70.72 | -2.39% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 74.70 | 3.11% |
| R2 | 73.45 | 1.38% |
| R1 | 72.50 | 0.0690% |
| Price | 72.45 | |
| S1 | 72.05 | -0.552% |
| S2 | 71.25 | -1.66% |
| S3 | 70.60 | -2.55% |
KBX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 06, 2024 | 1.64€ | 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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