Koenig & Bauer AG Stock Forecast
Koenig & Bauer AG stock price ended at 12.70€ on Wednesday, after losing 0.157%.
(Updated on Apr 24, 2024)
The Koenig & Bauer AG stock price fell by -0.157% on the last day (Wednesday, 24th Apr 2024) from 12.72€ to 12.70€. During the last trading day the stock fluctuated 3.21% from a day low at 12.46€ to a day high of 12.86€. The price has been going up and down for this period, and there has been a 1.6% gain 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 -23 thousand shares and in total, 24 thousand shares were bought and sold for approximately 306.39€ 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 12.76€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 23.33% during the next 3 months and, with a 90% probability hold a price between 14.13€ and 15.74€ at the end of this 3-month period.
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SKB.DE Signals & Forecast
The Koenig & Bauer 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 12.46€ and 12.09€. A breakdown below any of these levels will issue sell signals. 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 Tuesday, April 23, 2024, and so far it has fallen -0.157%. 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 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.
Support, Risk & Stop-loss for Koenig & Bauer AG stock
Koenig & Bauer AG finds support from accumulated volume at 12.40€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.400€ between high and low, or 3.21%. For the last week the stock has had daily average volatility of 3.18%
Our recommended stop-loss: 12.20€ (-3.92%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (SKB.DE) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Koenig & Bauer AG to open at 12.67€, and during the day (based on 14 day Average True Range), to move between 12.28€ and 13.12€, which gives a possible trading interval of +/-0.419€ (+/-3.30%) up or down from last closing price. If Koenig & Bauer AG takes out the full calculated possible swing range there will be an estimated 6.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 12.72€ (0.16%) than the support at 12.40€ (2.36%), 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 Koenig & Bauer 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 Koenig & Bauer AG stock to perform well in the short-term.
Current score: 2.696 Buy Candidate Unchanged
Predicted Opening Price for Koenig & Bauer AG of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| 12.67€ ( 0.210%) | 12.70€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SKB.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.07 | 2.94 % | |
| R2 | 12.92 | 1.74 % | ||
| R1 | 12.83 | 0.99 % | ||
| Current price: | 12.70 | |||
| Support | S1 | 12.52 | -1.41 % | |
| S2 | 12.43 | -2.16 % | ||
| S3 | 12.27 | -3.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 12.72 | 0.157 % | ||
| Current price | 12.70 | |||
| Support | S1 | 12.40 | -2.36% | |
| S2 | 12.32 | -2.99% | ||
| S3 | 10.50 | -17.32% |
SKB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2019 | May 23, 2019 | May 27, 2019 | 1.00€ | 2.71% |
| 2 | May 10, 2018 | May 10, 2018 | May 10, 2018 | 0.90€ | 1.29% |
| 3 | Feb 20, 2017 | May 24, 2017 | May 26, 2017 | 0.500€ | 0.82% |
| 4 | Mar 22, 2013 | Jun 14, 2013 | Jun 14, 2013 | 0.400€ | 2.81% |
| 5 | Mar 25, 2011 | Jun 17, 2011 | Jun 17, 2011 | 0.300€ | 1.84% |
FAQ
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