KONE Oyj Stock Forecast
Red day on Thursday for KONE Oyj
(Updated on May 02, 2024)
The KONE Oyj stock price fell by -0.349% on the last day (Thursday, 2nd May 2024) from 45.80€ to 45.64€. During the last trading day the stock fluctuated 0.88% from a day low at 45.45€ to a day high of 45.85€. The price has risen in 5 of the last 10 days and is up by 5.57% over the past 2 weeks. Volume has increased on the last day by 127 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 550 thousand shares were bought and sold for approximately 25.12€ million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 46.20€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.80% during the next 3 months and, with a 90% probability hold a price between 38.89€ and 43.98€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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KNEBV.HE Signals & Forecast
The KONE Oyj stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 45.02€ and 43.66€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, April 29, 2024, and so far it has fallen -1.38%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for KONE Oyj stock
KONE Oyj finds support from accumulated volume at 45.22€ 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 0.400€ (0.88%) between high and low. For the last week, the stock has had daily average volatility of 2.33%.
Our recommended stop-loss: 44.15€ (-3.26%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (KNEBV.HE) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect KONE Oyj to open at 45.65€, and during the day (based on 14 day Average True Range), to move between 44.67€ and 46.61€, which gives a possible trading interval of +/-0.97€ (+/-2.12%) up or down from last closing price. If KONE Oyj takes out the full calculated possible swing range there will be an estimated 4.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 45.22€ (0.92%) than the resistance at 46.20€ (1.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KONE Oyj stock A Buy?
KONE Oyj holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.205 Hold/Accumulate Unchanged
Predicted Opening Price for KONE Oyj of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 45.65€ ( 0.0146%) | 45.64€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KNEBV.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.05 | 0.89 % | |
| R2 | 45.89 | 0.556 % | ||
| R1 | 45.80 | 0.349 % | ||
| Current price: | 45.64 | |||
| Support | S1 | 45.49 | -0.320 % | |
| S2 | 45.40 | -0.527 % | ||
| S3 | 45.25 | -0.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 47.00 | 2.98 % | |
| R2 | 46.45 | 1.77 % | ||
| R1 | 46.20 | 1.23 % | ||
| Current price | 45.64 | |||
| Support | S1 | 45.22 | -0.92% | |
| S2 | 44.09 | -3.40% | ||
| S3 | 43.21 | -5.32% |
KNEBV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 01, 2024 | Mar 01, 2024 | Mar 11, 2024 | 1.75€ | 4.15% |
| 2 | Mar 01, 2023 | Mar 01, 2023 | Mar 01, 2023 | 1.75€ | 3.64% |
| 3 | Mar 02, 2022 | Mar 02, 2022 | Mar 02, 2022 | 0.350€ | 0.711% |
| 4 | Mar 03, 2021 | Mar 03, 2021 | Mar 03, 2021 | 0.500€ | 0.767% |
| 5 | Feb 26, 2020 | Feb 26, 2020 | Feb 26, 2020 | 1.70€ | 3.24% |
FAQ
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