Krones AG Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Krones AG stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 14, 2024)
The Krones AG stock price fell by -2.13% on the last day (Friday, 14th Jun 2024) from 122.20€ to 119.60€. During the last trading day the stock fluctuated 2.53% from a day low at 118.80€ to a day high of 121.80€. The price has been going up and down for this period, and there has been a -5.08% loss for the last 2 weeks. Volume has increased on the last day by 6 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, 19 thousand shares were bought and sold for approximately 2.21€ million.
Given the current short-term trend, the stock is expected to rise 2.86% during the next 3 months and, with a 90% probability hold a price between 123.02€ and 137.24€ at the end of this 3-month period.
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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
| Fair opening price June 17, 2024 | Current price |
|---|---|
| 120.07€ ( 0.390%) | 119.60€ |
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 | |
|---|---|---|
| R3 | 123.07 | 2.90% |
| R2 | 121.92 | 1.94% |
| R1 | 121.21 | 1.35% |
| Price | 119.60 | |
| S1 | 118.92 | -0.568% |
| S2 | 118.21 | -1.16% |
| S3 | 117.07 | -2.12% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 129.40 | 8.19% |
| R2 | 127.00 | 6.19% |
| R1 | 126.00 | 5.35% |
| Price | 119.60 | |
| S1 | 118.70 | -0.753% |
| S2 | 117.50 | -1.76% |
| S3 | 0 | - |
KRN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jun 07, 2024 | 2.20€ | 1.78% |
| 2 | May 24, 2023 | May 24, 2023 | May 24, 2023 | 1.75€ | 1.69% |
| 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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