Krones AG Stock Forecast
Krones AG stock upgraded to Buy Candidate.
(Updated on May 22, 2024)
The Krones AG stock price gained 0.317% on the last trading day (Wednesday, 22nd May 2024), rising from 126.00€ to 126.40€. During the last trading day the stock fluctuated 1.12% from a day low at 125.40€ to a day high of 126.80€. The price has fallen in 6 of the last 10 days and is down by -4.1% for this period. Volume fell on the last day by -7 thousand shares and in total, 8 thousand shares were bought and sold for approximately 1.01€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 125.45€ 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 12.86% during the next 3 months and, with a 90% probability hold a price between 141.58€ and 151.63€ at the end of this 3-month period.
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KRN.DE Signals & Forecast
The Krones AG stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 126.80€. On a fall, the stock will find some support from the long-term average at approximately 126.17€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, May 08, 2024, and so far it has fallen -4.10%. Further fall is indicated until a new bottom pivot has been found. 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 also not.
Support, Risk & Stop-loss for Krones AG stock
Krones AG finds support from accumulated volume at 126.00€ 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 controlled movements and therefore the general risk is considered 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 1.40€ between high and low, or 1.12%. For the last week the stock has had daily average volatility of 1.56%.
Our recommended stop-loss: 121.90€ (-3.56%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (KRN.DE) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Krones AG to open at 126.20€, and during the day (based on 14 day Average True Range), to move between 124.03€ and 128.77€, which gives a possible trading interval of +/-2.37€ (+/-1.88%) up or down from last closing price. If Krones AG takes out the full calculated possible swing range there will be an estimated 3.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 126.00€ (0.32%) than the resistance at 127.00€ (0.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Krones AG stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Krones AG stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.977 Buy Candidate Upgraded
Predicted Opening Price for Krones AG of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| 126.20€ ( 0.158%) | 126.40€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KRN.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 127.60 | 0.95 % | |
| R2 | 127.07 | 0.526 % | ||
| R1 | 126.73 | 0.265 % | ||
| Current price: | 126.40 | |||
| Support | S1 | 125.67 | -0.581 % | |
| S2 | 125.33 | -0.84 % | ||
| S3 | 124.80 | -1.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 131.80 | 4.27 % | |
| R2 | 129.40 | 2.37 % | ||
| R1 | 127.00 | 0.475 % | ||
| Current price | 126.40 | |||
| Support | S1 | 126.00 | -0.316% | |
| S2 | 117.50 | -7.04% | ||
| S3 | 113.40 | -10.28% |
KRN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jun 05, 2024 | 0€ | 0% |
| 2 | May 24, 2023 | May 24, 2023 | May 24, 2023 | 1.75€ | 1.68% |
| 3 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | 1.40€ | 1.67% |
| 4 | May 18, 2021 | May 18, 2021 | May 18, 2021 | 0.0600€ | 0.0794% |
| 5 | Mar 19, 2020 | May 19, 2020 | May 22, 2020 | 0.750€ | 1.31% |
FAQ
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