Klingelnberg AG Stock Forecast

Klingelnberg AG stock price ended at 17.50 Fr on Wednesday, after losing 1.69%.
(Updated on May 08, 2024)

KLIN.SW Signals & Forecast

The Klingelnberg AG stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 17.51 Fr. On a fall, the stock will find some support from the long-term average at approximately 16.95 Fr. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, May 07, 2024, and so far it has fallen -1.69%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Klingelnberg AG stock

Klingelnberg AG finds support from accumulated volume at 17.20 Fr 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.300 Fr between high and low, or 1.71%. For the last week the stock has had daily average volatility of 2.55%.

Our recommended stop-loss: 16.68 Fr (-4.66%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (KLIN.SW) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Klingelnberg AG to open at 17.60 Fr, and during the day (based on 14 day Average True Range), to move between 17.14 Fr and 17.86 Fr, which gives a possible trading interval of +/-0.360 Fr (+/-2.06%) up or down from last closing price. If Klingelnberg AG takes out the full calculated possible swing range there will be an estimated 4.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 17.55 Fr (0.29%) than the support at 17.20 Fr (1.71%), 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 Klingelnberg 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 Klingelnberg AG stock to perform well in the short-term.

Current score: 1.909 Buy Candidate Unchanged

Predicted Opening Price for Klingelnberg AG of Friday, May 10, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.