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
Red day on Friday for Krones AG stock after losing 0.669%
(Updated on Jun 21, 2024)
The Krones AG stock price fell by -0.669% on the last day (Friday, 21st Jun 2024) from 119.60€ to 118.80€. During the last trading day the stock fluctuated 1.36% from a day low at 117.80€ to a day high of 119.40€. The price has been going up and down for this period, and there has been a -3.73% loss for the last 2 weeks. Volume has increased on the last day by 76 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, 96 thousand shares were bought and sold for approximately 11.38€ million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 118.13€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Krones AG stock with a 90% probability to be traded between 116.10€ and 128.38€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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KRN.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 0.508%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 119.60€ and 125.35€. A break-up above any of these levels will issue buy signals. 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 118.20€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 1.60€ (1.36%) between high and low. For the last week, the stock has had daily average volatility of 1.70%.
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 24th
For the upcoming trading day on Monday, 24th we expect Krones AG to open at 118.67€, and during the day (based on 14 day Average True Range), to move between 116.47€ and 121.13€, which gives a possible trading interval of +/-2.33€ (+/-1.96%) up or down from last closing price. If Krones AG takes out the full calculated possible swing range there will be an estimated 3.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 118.20€ (0.51%) than the resistance at 126.00€ (6.06%), 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?
Krones AG holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.162 Sell Candidate Unchanged
Predicted Opening Price for Krones AG of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 118.67€ ( 0.112%) | 118.80€ |
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 | 120.27 | 1.23% |
| R2 | 119.66 | 0.720% |
| R1 | 119.28 | 0.402% |
| Price | 118.80 | |
| S1 | 118.06 | -0.627% |
| S2 | 117.68 | -0.94% |
| S3 | 117.07 | -1.46% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 129.40 | 8.92% |
| R2 | 127.00 | 6.90% |
| R1 | 126.00 | 6.06% |
| Price | 118.80 | |
| S1 | 118.20 | -0.505% |
| S2 | 0 | - |
| 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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