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 price down 1.25% on Thursday
(Updated on May 16, 2024)
The Krones AG stock price fell by -1.25% on the last day (Thursday, 16th May 2024) from 127.60€ to 126.00€. During the last trading day the stock fluctuated 1.75% from a day low at 125.80€ to a day high of 128.00€. The price has fallen in 6 of the last 10 days but is still up by 1.12% over the past 2 weeks. Volume has increased on the last day by 2 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, 16 thousand shares were bought and sold for approximately 1.97€ million.
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 124.81€ 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 13.39% during the next 3 months and, with a 90% probability hold a price between 141.52€ and 151.23€ 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 129.17€. On a fall, the stock will find some support from the long-term average at approximately 125.87€. 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 -4.40%. Further fall is indicated until a new bottom pivot has been found. 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
On the downside, the stock finds support just below today's level from accumulated volume at 119.40€ and 117.50€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Krones AG finds support just below today's level at 119.40€. If this is broken, then the next support from accumulated volume will be at 117.50€ and 113.40€.
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 2.20€ (1.75%) between high and low. For the last week, the stock has had daily average volatility of 1.69%.
Our recommended stop-loss: 120.92€ (-4.03%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (KRN.F) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Krones AG to open at 126.60€, and during the day (based on 14 day Average True Range), to move between 123.48€ and 128.52€, which gives a possible trading interval of +/-2.52€ (+/-2.00%) up or down from last closing price. If Krones AG takes out the full calculated possible swing range there will be an estimated 4.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 127.00€ (0.79%) than the support at 119.40€ (5.24%), 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.
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.
Current score: 1.212 Buy Candidate Unchanged
Predicted Opening Price for Krones AG of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| 126.60€ ( 0.476%) | 126.00€ |
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 | 128.80 | 2.22 % | |
| R2 | 127.96 | 1.56 % | ||
| R1 | 127.44 | 1.14 % | ||
| Current price: | 126.00 | |||
| Support | S1 | 125.76 | -0.191 % | |
| S2 | 125.24 | -0.603 % | ||
| S3 | 124.40 | -1.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 131.80 | 4.60 % | |
| R2 | 129.40 | 2.70 % | ||
| R1 | 127.00 | 0.794 % | ||
| Current price | 126.00 | |||
| Support | S1 | 119.40 | -5.24% | |
| S2 | 117.50 | -6.75% | ||
| S3 | 113.40 | -10.00% |
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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