Konecranes Plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Konecranes Plc stock price down 0.470% on Friday
(Updated on Jun 28, 2024)
The Konecranes Plc stock price fell by -0.470% on the last day (Friday, 28th Jun 2024) from 53.20€ to 52.95€. During the last trading day the stock fluctuated 1.61% from a day low at 52.95€ to a day high of 53.80€. The price has been going up and down for this period, and there has been a -3.29% loss for the last 2 weeks. Volume has increased on the last day by 31 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, 124 thousand shares were bought and sold for approximately 6.54€ 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 12.32% during the next 3 months and, with a 90% probability hold a price between 57.25€ and 63.79€ 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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 53.43€ and 53.43€. 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 -4.85%. 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 52.70€ 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 0.85€ between high and low, or 1.61%. For the last week the stock has had daily average volatility of 1.62%.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect Konecranes Plc to open at 53.23€, and during the day (based on 14 day Average True Range), to move between 51.65€ and 54.25€, which gives a possible trading interval of +/-1.30€ (+/-2.46%) 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 resistance from accumulated volume at 53.20€ (0.47%) than the support at 52.70€ (0.47%), 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 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.
Current score: -3.234 Sell Candidate Unchanged
Predicted Opening Price for Konecranes Plc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 53.23€ ( 0.535%) | 52.95€ |
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 | 54.08 | 2.14% |
| R2 | 53.76 | 1.53% |
| R1 | 53.56 | 1.15% |
| Price | 52.95 | |
| S1 | 52.91 | -0.0781% |
| S2 | 52.71 | -0.457% |
| S3 | 52.38 | -1.07% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 54.75 | 3.40% |
| R2 | 53.90 | 1.79% |
| R1 | 53.20 | 0.472% |
| Price | 52.95 | |
| S1 | 52.70 | -0.472% |
| S2 | 52.60 | -0.661% |
| S3 | 49.18 | -7.12% |
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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