KION GROUP AG Stock Forecast
Stronger technical forecast for KION GROUP AG stock price after Friday trading.
(Updated on May 10, 2024)
The KION GROUP AG stock price gained 2.08% on the last trading day (Friday, 10th May 2024), rising from $12.08 to $12.33. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.631% from a day low at $12.29 to a day high of $12.37. The price has risen in 7 of the last 10 days and is up by 5.61% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately $123.57 thousand.
The stock lies in the middle of a wide and 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 2.33% during the next 3 months and, with a 90% probability hold a price between $11.66 and $14.22 at the end of this 3-month period.
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KIGRY Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 8.49%. Further rise is indicated until a new top pivot has been found. KION GROUP AG has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $12.53. On a fall, the stock will find some support from the short-term average at $11.87. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for KION GROUP AG stock
KION GROUP AG finds support from accumulated volume at $11.82 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 $0.0775 between high and low, or 0.631%. For the last week, the stock has had daily average volatility of 0.707%.
Our recommended stop-loss: $11.83 (-4.06%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (KIGRY) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect KION GROUP AG to open at $12.33, and during the day (based on 14 day Average True Range), to move between $12.09 and $12.57, which gives a possible trading interval of +/-$0.244 (+/-1.98%) up or down from last closing price. If KION GROUP AG takes out the full calculated possible swing range there will be an estimated 3.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.49 (1.26%) than the support at $11.82 (4.14%), 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?
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 KION GROUP AG 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: 2.247 Buy Candidate Upgraded
Predicted Opening Price for KION GROUP AG of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $12.33 ( 0.0208%) | $12.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KIGRY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.41 | 0.608 % | |
| R2 | 12.38 | 0.368 % | ||
| R1 | 12.36 | 0.219 % | ||
| Current price: | 12.33 | |||
| Support | S1 | 12.30 | -0.261 % | |
| S2 | 12.28 | -0.409 % | ||
| S3 | 12.25 | -0.649 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.30 | 7.87 % | |
| R2 | 13.06 | 5.92 % | ||
| R1 | 12.49 | 1.26 % | ||
| Current price | 12.33 | |||
| Support | S1 | 11.82 | -4.14% | |
| S2 | 11.68 | -5.31% | ||
| S3 | 11.53 | -6.49% |
KIGRY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 13, 2023 | May 18, 2023 | Jun 07, 2023 | $0.0520 | 0.576% |
| 2 | May 07, 2022 | May 12, 2022 | May 31, 2022 | $0.413 | 3.35% |
| 3 | May 12, 2021 | May 12, 2021 | May 12, 2021 | $0.120 | 0.476% |
| 4 | Dec 17, 2020 | Dec 21, 2020 | Dec 29, 2020 | $0.143 | 0.640% |
FAQ
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