RHÖN-KLINIKUM Aktiengesellschaft Stock Forecast
RHÖN-KLINIKUM Aktiengesellschaft stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Apr 30, 2024)
The RHÖN-KLINIKUM Aktiengesellschaft stock price fell by -0.752% on the last day (Tuesday, 30th Apr 2024) from 13.30€ to 13.20€. During the last trading day the stock fluctuated 3.08% from a day low at 13.00€ to a day high of 13.40€. The price has risen in 5 of the last 10 days and is up by 18.92% over the past 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 -859 shares and in total, 628 shares were bought and sold for approximately 8.29€ thousand.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 13.34€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 24.98% during the next 3 months and, with a 90% probability hold a price between 13.98€ and 16.68€ at the end of this 3-month period.
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RHK.DE Signals & Forecast
The RHÖN-KLINIKUM Aktiengesellschaft 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 12.84€ and 11.62€. A breakdown below any of these levels will issue sell signals. 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 Monday, April 29, 2024, and so far it has fallen -0.752%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for RHÖN-KLINIKUM Aktiengesellschaft stock
RHÖN-KLINIKUM Aktiengesellschaft finds support from accumulated volume at 13.00€ 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 0.400€ between high and low, or 3.08%. For the last week the stock has had daily average volatility of 2.64%.
Our recommended stop-loss: 12.68€ (-3.91%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (RHK.DE) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect RHÖN-KLINIKUM Aktiengesellschaft to open at 13.20€, and during the day (based on 14 day Average True Range), to move between 12.67€ and 13.73€, which gives a possible trading interval of +/-0.527€ (+/-3.99%) up or down from last closing price. If RHÖN-KLINIKUM Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 7.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 13.30€ (0.76%) than the support at 13.00€ (1.52%), 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
RHÖN-KLINIKUM Aktiengesellschaft will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for RHÖN-KLINIKUM Aktiengesellschaft, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.69% in the first trading day after earnings release.
Is RHÖN-KLINIKUM Aktiengesellschaft 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 RHÖN-KLINIKUM Aktiengesellschaft stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.154 Buy Candidate Upgraded
Predicted Opening Price for RHÖN-KLINIKUM Aktiengesellschaft of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| 13.20€ ( 0.00000000%) | 13.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RHK.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.60 | 3.03 % | |
| R2 | 13.45 | 1.87 % | ||
| R1 | 13.35 | 1.16 % | ||
| Current price: | 13.20 | |||
| Support | S1 | 13.05 | -1.16 % | |
| S2 | 12.95 | -1.87 % | ||
| S3 | 12.80 | -3.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 13.30 | 0.758 % | ||
| Current price | 13.20 | |||
| Support | S1 | 13.00 | -1.52% | |
| S2 | 12.60 | -4.55% | ||
| S3 | 11.80 | -10.61% |
RHK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 09, 2023 | Jun 09, 2023 | Jun 09, 2023 | 0.150€ | 1.18% |
| 2 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | 0.150€ | 1.20% |
| 3 | Mar 29, 2019 | Jun 06, 2019 | Jun 11, 2019 | 0.290€ | 1.15% |
| 4 | Mar 29, 2018 | Jun 07, 2018 | Jun 11, 2018 | 0.220€ | 0.84% |
| 5 | Apr 07, 2017 | Jun 08, 2017 | Jun 12, 2017 | 0.350€ | 1.33% |
FAQ
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