M1 Kliniken AG Stock Forecast
A very strong day for M1 Kliniken AG stock price on Thursday
(Updated on May 16, 2024)
The M1 Kliniken AG stock price gained 7.93% on the last trading day (Thursday, 16th May 2024), rising from 16.40€ to 17.70€. During the last trading day the stock fluctuated 3.51% from a day low at 17.10€ to a day high of 17.70€. The price has risen in 5 of the last 10 days and is up by 15.69% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 69 thousand more shares were traded than the day before. In total, 92 thousand shares were bought and sold for approximately 1.64€ million.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at 16.96€, a level that may pose a second chance to hit a runner. According to fan-theory 19.54€ will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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M12.F Signals & Forecast
Mostly positive signals in the chart today. The M1 Kliniken AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 16.43€ and 14.35€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 42.74%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for M1 Kliniken AG stock
M1 Kliniken AG finds support from accumulated volume at 16.90€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.600€ between high and low, or 3.51%. For the last week, the stock has had daily average volatility of 3.71%.
The M1 Kliniken AG stock is extremely overbought on RSI14 (79). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: 17.09€ (-3.42%) (This stock has high daily movements and this gives high risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 42 days ago.)
Trading Expectations (M12.F) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect M1 Kliniken AG to open at 17.50€, and during the day (based on 14 day Average True Range), to move between 16.85€ and 18.55€, which gives a possible trading interval of +/-0.85€ (+/-4.78%) up or down from last closing price. If M1 Kliniken AG takes out the full calculated possible swing range there will be an estimated 9.55% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 16.90€, some 0.80€ (4.52%) from the current price of 17.70€, our system finds the risk reward attractive.
Earnings coming up
M1 Kliniken AG will release earnings BMO on Thursday, May 23, 2024. We will update the financials statements for M1 Kliniken AG, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 0% in the first trading day after earnings release.
Is M1 Kliniken AG stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for M1 Kliniken AG stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 8.469 Strong Buy Candidate Upgraded
Predicted Opening Price for M1 Kliniken AG of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| 17.50€ ( 1.13%) | 17.70€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for M12.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.10 | 2.26 % | |
| R2 | 17.87 | 0.96 % | ||
| R1 | 17.73 | 0.165 % | ||
| Current price: | 17.70 | |||
| Support | S1 | 17.27 | -2.42 % | |
| S2 | 17.13 | -3.22 % | ||
| S3 | 16.90 | -4.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 17.70 | |||
| Support | S1 | 16.90 | -4.52% | |
| S2 | 15.85 | -10.45% | ||
| S3 | 13.55 | -23.45% |
M12 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 18, 2024 | Jul 18, 2024 | Jul 22, 2024 | 0.500€ | 0% |
| 2 | Jul 12, 2019 | Aug 26, 2019 | Aug 28, 2019 | 0.300€ | 0% |
| 3 | May 07, 2018 | Jul 11, 2018 | Jul 13, 2018 | 0.300€ | 0% |
| 4 | Mar 31, 2017 | Jun 28, 2017 | Jun 30, 2017 | 0.300€ | 0% |
| 5 | May 02, 2016 | Jun 16, 2016 | Jun 16, 2016 | 0.300€ | 0% |
FAQ
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