Konecranes Plc Stock Forecast
Konecranes Plc stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Konecranes Plc stock price fell by -1.48% on the last day (Tuesday, 25th Jun 2024) from 54.00€ to 53.20€. During the last trading day the stock fluctuated 1.41% from a day low at 53.10€ to a day high of 53.85€. The price has been going up and down for this period, and there has been a 1.92% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -32 thousand shares and in total, 74 thousand shares were bought and sold for approximately 3.93€ 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 12.90% during the next 3 months and, with a 90% probability hold a price between 57.36€ and 63.80€ at the end of this 3-month period.
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KCR.HE Signals & Forecast
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. The Konecranes Plc 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 53.62€ and 53.33€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -4.40%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Konecranes Plc stock
Konecranes Plc finds support from accumulated volume at 52.70€ 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 0.750€ (1.41%) between high and low. For the last week, the stock has had daily average volatility of 1.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KCR.HE) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Konecranes Plc to open at 53.38€, and during the day (based on 14 day Average True Range), to move between 51.77€ and 54.63€, which gives a possible trading interval of +/-1.43€ (+/-2.68%) up or down from last closing price. If Konecranes Plc takes out the full calculated possible swing range there will be an estimated 5.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 52.70€ (0.94%) than the resistance at 53.90€ (1.32%), 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?
The Konecranes Plc stock holds several negative signals and despite the positive trend, we believe Konecranes Plc 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 Hold/Accumulate to a Sell candidate.
Current score: -4.022 Sell Candidate Downgraded
Predicted Opening Price for Konecranes Plc of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 53.38€ ( 0.345%) | 53.20€ |
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 | 54.13 | 1.75% |
| R2 | 53.85 | 1.22% |
| R1 | 53.67 | 0.88% |
| Price | 53.20 | |
| S1 | 53.10 | -0.194% |
| S2 | 52.92 | -0.527% |
| S3 | 52.63 | -1.07% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 55.65 | 4.61% |
| R2 | 54.75 | 2.91% |
| R1 | 53.90 | 1.32% |
| Price | 53.20 | |
| S1 | 52.70 | -0.94% |
| S2 | 52.60 | -1.13% |
| S3 | 49.18 | -7.56% |
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
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