Krka, d. d. Stock Forecast
Krka, d. d. stock price up 0.741% on Friday
(Updated on May 10, 2024)
The Krka, d. d. stock price gained 0.741% on the last trading day (Friday, 10th May 2024), rising from 540.00zł to 544.00zł. During the last trading day the stock fluctuated 1.87% from a day low at 536.00zł to a day high of 546.00zł. The price has fallen in 5 of the last 10 days and is down by -0.37% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 211 more shares were traded than the day before. In total, 250 shares were bought and sold for approximately 136.00zł thousand.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.14% during the next 3 months and, with a 90% probability hold a price between 573.74zł and 617.45zł at the end of this 3-month period.
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KRK.WA Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Krka, d. d. 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Krka, d. d. 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 544.86zł and 545.37zł. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -4.23%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Krka, d. d. stock
Krka, d. d. finds support from accumulated volume at 538.00zł 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 10.00zł between high and low, or 1.87%. For the last week the stock has had daily average volatility of 1.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KRK.WA) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Krka, d. d. to open at 542.00zł, and during the day (based on 14 day Average True Range), to move between 532.34zł and 555.66zł, which gives a possible trading interval of +/-11.66zł (+/-2.14%) up or down from last closing price. If Krka, d. d. takes out the full calculated possible swing range there will be an estimated 4.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 546.00zł (0.37%) than the support at 538.00zł (1.10%), 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.
Earnings coming up
Krka, d. d. will release earnings BMO on Thursday, May 16, 2024. We will update the financials statements for Krka, d. d., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.06% in the first trading day after earnings release.
Is Krka, d. d. stock A Buy?
The Krka, d. d. stock holds several negative signals and despite the positive trend, we believe Krka, d. d. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.854 Sell Candidate Unchanged
Predicted Opening Price for Krka, d. d. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| 542.00zł ( 0.368%) | 544.00zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KRK.WA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 552.00 | 1.47 % | |
| R2 | 548.18 | 0.768 % | ||
| R1 | 545.82 | 0.335 % | ||
| Current price: | 544.00 | |||
| Support | S1 | 538.18 | -1.07 % | |
| S2 | 535.82 | -1.50 % | ||
| S3 | 532.00 | -2.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 556.00 | 2.21 % | |
| R2 | 550.00 | 1.10 % | ||
| R1 | 546.00 | 0.368 % | ||
| Current price | 544.00 | |||
| Support | S1 | 538.00 | -1.10% | |
| S2 | 530.00 | -2.57% | ||
| S3 | 528.00 | -2.94% |
KRK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 18, 2023 | Jul 18, 2023 | Jul 18, 2023 | 6.60zł | 1.26% |
| 2 | Jul 19, 2022 | Jul 19, 2022 | Jul 19, 2022 | 5.63zł | 1.24% |
| 3 | Jul 20, 2021 | Jul 20, 2021 | Jul 20, 2021 | 5.00zł | 1.03% |
| 4 | Jul 21, 2020 | Jul 21, 2020 | Jul 21, 2020 | 4.25zł | 1.13% |
| 5 | Jul 16, 2019 | Jul 16, 2019 | Jul 16, 2019 | 3.20zł | 1.16% |
FAQ
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