KION GROUP AG Stock Forecast
Green day on Monday for KION GROUP AG stock after gaining 0.95%
(Updated on May 20, 2024)
The KION GROUP AG stock price gained 0.95% on the last trading day (Monday, 20th May 2024), rising from 45.04€ to 45.47€. During the last trading day the stock fluctuated 1.42% from a day low at 45.15€ to a day high of 45.79€. The price has risen in 6 of the last 10 days and is up by 2.27% over the past 2 weeks. Volume fell on the last day by -168 thousand shares and in total, 79 thousand shares were bought and sold for approximately 3.60€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect KION GROUP AG stock with a 90% probability to be traded between 41.45€ and 49.68€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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KGX.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 6.99%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The KION GROUP AG 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 45.74€ and 46.40€. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for KION GROUP AG stock
KION GROUP AG finds support from accumulated volume at 44.14€ 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 0.640€ between high and low, or 1.42%. For the last week, the stock has had daily average volatility of 2.37%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KGX.DE) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect KION GROUP AG to open at 45.47€, and during the day (based on 14 day Average True Range), to move between 44.24€ and 46.70€, which gives a possible trading interval of +/-1.23€ (+/-2.70%) up or down from last closing price. If KION GROUP AG takes out the full calculated possible swing range there will be an estimated 5.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 46.62€ (2.53%) than the support at 44.14€ (2.93%), 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 KION GROUP AG stock A Buy?
KION GROUP AG holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.754 Sell Candidate Unchanged
Predicted Opening Price for KION GROUP AG of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 45.47€ ( 0%) | 45.47€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KGX.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.11 | 1.41 % | |
| R2 | 45.87 | 0.87 % | ||
| R1 | 45.71 | 0.538 % | ||
| Current price: | 45.47 | |||
| Support | S1 | 45.23 | -0.538 % | |
| S2 | 45.07 | -0.87 % | ||
| S3 | 44.83 | -1.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.92 | 7.59 % | |
| R2 | 47.36 | 4.16 % | ||
| R1 | 46.62 | 2.53 % | ||
| Current price | 45.47 | |||
| Support | S1 | 44.14 | -2.93% | |
| S2 | 42.98 | -5.48% | ||
| S3 | 42.50 | -6.53% |
KGX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | 0€ | 0% |
| 2 | May 18, 2023 | May 18, 2023 | May 18, 2023 | 0.190€ | 0.542% |
| 3 | May 12, 2022 | May 12, 2022 | May 12, 2022 | 1.50€ | 3.36% |
| 4 | May 12, 2021 | May 12, 2021 | May 12, 2021 | 0.410€ | 0.493% |
| 5 | Mar 03, 2020 | Jul 17, 2020 | Jul 21, 2020 | 0.0397€ | 0.0577% |
FAQ
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