Krones AG Stock Forecast
Evaluation of Krones AG stock downgraded after the last trading session.
(Updated on Apr 30, 2024)
The Krones AG stock price fell by -1.59% on the last day (Tuesday, 30th Apr 2024) from 125.60€ to 123.60€. During the last trading day the stock fluctuated 2.60% from a day low at 123.00€ to a day high of 126.20€. The price has been going up and down for this period, and there has been a -0.16% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -15 thousand shares and in total, 14 thousand shares were bought and sold for approximately 1.78€ million.
The stock lies in the middle of a wide and strong 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 11.81% during the next 3 months and, with a 90% probability hold a price between 134.59€ and 148.13€ at the end of this 3-month period.
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KRN.F 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 123.69€. On a fall, the stock will find some support from the long-term average at approximately 122.92€. 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. 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, April 03, 2024, and so far it has fallen -3.59%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Krones AG stock
Krones AG finds support from accumulated volume at 119.40€ 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 3.20€ between high and low, or 2.60%. For the last week the stock has had daily average volatility of 1.93%.
Our recommended stop-loss: 118.32€ (-4.27%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (KRN.F) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Krones AG to open at 124.27€, and during the day (based on 14 day Average True Range), to move between 121.26€ and 125.94€, which gives a possible trading interval of +/-2.34€ (+/-1.90%) up or down from last closing price. If Krones AG takes out the full calculated possible swing range there will be an estimated 3.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 125.60€ (1.62%) than the support at 119.40€ (3.40%), 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
Krones AG will release earnings BMO on Friday, May 03, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.06. We will update the financials statements for Krones AG, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.78% in the first trading day after earnings release.
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.148 Buy Candidate Downgraded
Predicted Opening Price for Krones AG of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| 124.27€ ( 0.539%) | 123.60€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KRN.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 127.47 | 3.13 % | |
| R2 | 126.24 | 2.14 % | ||
| R1 | 125.49 | 1.53 % | ||
| Current price: | 123.60 | |||
| Support | S1 | 123.04 | -0.450 % | |
| S2 | 122.29 | -1.06 % | ||
| S3 | 121.07 | -2.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 127.00 | 2.75 % | |
| R2 | 126.80 | 2.59 % | ||
| R1 | 125.60 | 1.62 % | ||
| Current price | 123.60 | |||
| Support | S1 | 119.40 | -3.40% | |
| S2 | 117.50 | -4.94% | ||
| S3 | 113.40 | -8.25% |
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€ | 0% |
| 3 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | 1.40€ | 0% |
| 4 | May 18, 2021 | May 18, 2021 | May 18, 2021 | 0.0600€ | 0% |
| 5 | Mar 19, 2020 | May 19, 2020 | May 22, 2020 | 0.750€ | 0% |
FAQ
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