Kuehne + Nagel International AG Stock Forecast

Kuehne + Nagel International AG stock upgraded to Buy Candidate.
(Updated on May 31, 2024)

KNIN.SW Signals & Forecast

Mostly positive signals in the chart today. The Kuehne + Nagel International AG 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 249.73 Fr and 248.14 Fr. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 7.13%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Thursday, April 18, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Kuehne + Nagel International AG stock

Kuehne + Nagel International AG finds support from accumulated volume at 250.90 Fr 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 4.90 Fr between high and low, or 1.95%. For the last week the stock has had daily average volatility of 1.70%.

Our recommended stop-loss: 245.89 Fr (-3.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 48 days ago.)

Trading Expectations (KNIN.SW) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Kuehne + Nagel International AG to open at 254.33 Fr, and during the day (based on 14 day Average True Range), to move between 250.91 Fr and 260.09 Fr, which gives a possible trading interval of +/-4.59 Fr (+/-1.80%) up or down from last closing price. If Kuehne + Nagel International AG takes out the full calculated possible swing range there will be an estimated 3.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 256.00 Fr (0.20%) than the support at 250.90 Fr (1.80%), 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 Kuehne + Nagel International AG stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Kuehne + Nagel International AG stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 4.578 Buy Candidate Upgraded

Predicted Opening Price for Kuehne + Nagel International AG of Monday, June 3, 2024

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