Klingelnberg AG 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
Stronger technical forecast for Klingelnberg AG stock price after Thursday trading.
(Updated on May 30, 2024)
The Klingelnberg AG stock price gained 1.82% on the last trading day (Thursday, 30th May 2024), rising from 16.45 Fr to 16.75 Fr. During the last trading day the stock fluctuated 0.90% from a day low at 16.75 Fr to a day high of 16.90 Fr. The price has risen in 5 of the last 10 days but is still down by -2.9% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately 84.60 Fr thousand.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 16.47 Fr is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.81% during the next 3 months and, with a 90% probability hold a price between 17.59 Fr and 19.33 Fr at the end of this 3-month period.
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KLIN.SW Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 1.82%. Further rise is indicated until a new top pivot has been found. Klingelnberg 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Klingelnberg 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 16.93 Fr and 17.18 Fr. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Klingelnberg AG stock
Klingelnberg AG finds support from accumulated volume at 16.65 Fr 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 0.150 Fr (0.90%) between high and low. For the last week, the stock has had daily average volatility of 3.08%.
Our recommended stop-loss: 15.74 Fr (-6.04%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (KLIN.SW) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect Klingelnberg AG to open at 16.80 Fr, and during the day (based on 14 day Average True Range), to move between 16.33 Fr and 17.17 Fr, which gives a possible trading interval of +/-0.422 Fr (+/-2.52%) up or down from last closing price. If Klingelnberg AG takes out the full calculated possible swing range there will be an estimated 5.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 16.65 Fr (0.60%) than the resistance at 17.55 Fr (4.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Klingelnberg AG stock A Buy?
Klingelnberg AG holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.037 Hold/Accumulate Upgraded
Predicted Opening Price for Klingelnberg AG of Friday, May 31, 2024
| Fair opening price May 31, 2024 | Current price |
|---|---|
| 16.80 Fr ( 0.299%) | 16.75 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KLIN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.95 | 1.19 % | |
| R2 | 16.89 | 0.85 % | ||
| R1 | 16.86 | 0.641 % | ||
| Current price: | 16.75 | |||
| Support | S1 | 16.74 | -0.0436 % | |
| S2 | 16.71 | -0.255 % | ||
| S3 | 16.65 | -0.597 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.80 | 6.27 % | |
| R2 | 17.70 | 5.67 % | ||
| R1 | 17.55 | 4.78 % | ||
| Current price | 16.75 | |||
| Support | S1 | 16.65 | -0.597% | |
| S2 | 16.45 | -1.79% | ||
| S3 | 16.30 | -2.69% |
KLIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 31, 2019 | Aug 29, 2019 | Sep 02, 2019 | 1.00 Fr | 3.28% |
FAQ
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