Konecranes Plc Stock Forecast
Red day on Tuesday for Konecranes Plc stock after losing 0.643%
(Updated on Jul 02, 2024)
The Konecranes Plc stock price fell by -0.643% on the last day (Tuesday, 2nd Jul 2024) from 54.40€ to 54.05€. During the last trading day the stock fluctuated 1.97% from a day low at 53.25€ to a day high of 54.30€. The price has been going up and down for this period, and there has been a 0.09% gain for the last 2 weeks. Volume has increased on the last day by 48 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, 101 thousand shares were bought and sold for approximately 5.44€ 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 12.09% during the next 3 months and, with a 90% probability hold a price between 57.20€ and 63.85€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
KCR.HE Signals & Forecast
The Konecranes Plc 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 53.54€ and 53.50€. 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 Wednesday, June 12, 2024, and so far it has fallen -2.88%. 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 Konecranes Plc stock
Konecranes Plc finds support from accumulated volume at 53.90€ 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 1.05€ between high and low, or 1.97%. For the last week the stock has had daily average volatility of 1.88%.
Our recommended stop-loss: 52.35€ (-3.15%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (KCR.HE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Konecranes Plc to open at 53.87€, and during the day (based on 14 day Average True Range), to move between 52.72€ and 55.38€, which gives a possible trading interval of +/-1.33€ (+/-2.47%) up or down from last closing price. If Konecranes Plc takes out the full calculated possible swing range there will be an estimated 4.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 53.90€ (0.28%) than the resistance at 54.55€ (0.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Konecranes Plc 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 Konecranes Plc stock to perform well in the short-term.
Current score: 1.568 Buy Candidate Unchanged
Predicted Opening Price for Konecranes Plc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 53.87€ ( 0.339%) | 54.05€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KCR.HE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 54.92 | 1.60% |
| R2 | 54.52 | 0.86% |
| R1 | 54.27 | 0.403% |
| Price | 54.05 | |
| S1 | 53.47 | -1.08% |
| S2 | 53.22 | -1.54% |
| S3 | 52.82 | -2.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 55.65 | 2.96% |
| R2 | 54.75 | 1.30% |
| R1 | 54.55 | 0.93% |
| Price | 54.05 | |
| S1 | 53.90 | -0.278% |
| S2 | 52.95 | -2.04% |
| S3 | 49.18 | -9.01% |
KCR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Apr 09, 2024 | 1.35€ | 2.74% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | 1.25€ | 4.02% |
| 3 | Jun 16, 2022 | Jun 16, 2022 | Jun 16, 2022 | 1.25€ | 4.96% |
| 4 | Mar 31, 2022 | Mar 31, 2022 | Mar 31, 2022 | 0.88€ | 3.15% |
| 5 | Apr 06, 2021 | Apr 06, 2021 | Apr 06, 2021 | 0.88€ | 2.28% |
FAQ
Click here for our free guide on how to buy Konecranes Plc Stock.
