Kimberly-Clark Corporation Stock Forecast

Kimberly-Clark Corporation stock price up 1.53% on Friday
(Updated on May 31, 2024)

KMY.DE Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 1.53%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kimberly-Clark Corporation 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 121.17€ and 123.21€. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Kimberly-Clark Corporation stock

Kimberly-Clark Corporation finds support from accumulated volume at 119.56€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 1.78€ between high and low, or 1.49%. For the last week the stock has had daily average volatility of 0.407%

Kimberly-Clark Corporation is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: 113.81€ (-5.90%) (This stock has low daily movements and this gives low risk. Low RSI14 is 21 which reduces the risk some. There is a buy signal from a pivot bottom found 26 days ago.)

Trading Expectations (KMY.DE) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Kimberly-Clark Corporation to open at 120.35€, and during the day (based on 14 day Average True Range), to move between 119.77€ and 122.11€, which gives a possible trading interval of +/-1.17€ (+/-0.97%) up or down from last closing price. If Kimberly-Clark Corporation takes out the full calculated possible swing range there will be an estimated 1.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 119.56€ (1.14%) than the resistance at 126.54€ (4.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kimberly-Clark Corporation stock A Buy?

Kimberly-Clark Corporation 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.

Current score: 0.314 Hold/Accumulate Unchanged

Predicted Opening Price for Kimberly-Clark Corporation of Monday, June 3, 2024

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