Krones AG Stock Forecast

Krones AG stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 14, 2024)

KRN.DE Signals & Forecast

There are few to no technical positive signals at the moment. The Krones AG 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 123.17€ and 126.11€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -9.26%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Krones AG stock

Krones AG finds support from accumulated volume at 118.70€ 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 3.00€ between high and low, or 2.53%. For the last week the stock has had daily average volatility of 1.81%.

Krones AG is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (KRN.DE) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Krones AG to open at 120.07€, and during the day (based on 14 day Average True Range), to move between 117.16€ and 122.04€, which gives a possible trading interval of +/-2.44€ (+/-2.04%) up or down from last closing price. If Krones AG takes out the full calculated possible swing range there will be an estimated 4.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 118.70€ (0.75%) than the resistance at 126.00€ (5.35%), 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?

The Krones AG stock holds several negative signals and despite the positive trend, we believe Krones AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.220 Sell Candidate Downgraded

Predicted Opening Price for Krones AG of Monday, June 17, 2024

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