Wolters Kluwer NV 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
Weaker technical forecast for Wolters Kluwer NV as stock downgraded to Hold/Accumulate.
(Updated on Apr 29, 2024)
The Wolters Kluwer NV stock price fell by -1.22% on the last day (Monday, 29th Apr 2024) from 142.90€ to 141.15€. During the last trading day the stock fluctuated 1.59% from a day low at 141.15€ to a day high of 143.40€. The price has fallen in 6 of the last 10 days and is down by -0.74% for this period. 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 -237 thousand shares and in total, 307 thousand shares were bought and sold for approximately 43.35€ million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Wolters Kluwer NV stock with a 90% probability to be traded between 139.15€ and 148.06€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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WKL.AS Signals & Forecast
There are mixed signals in the stock today. The Wolters Kluwer NV stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 141.39€ and 142.89€. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 1.36%. 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).
Support, Risk & Stop-loss for Wolters Kluwer NV stock
Wolters Kluwer NV finds support from accumulated volume at 140.30€ 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 2.25€ between high and low, or 1.59%. For the last week the stock has had daily average volatility of 1.91%.
Our recommended stop-loss: 132.88€ (-5.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (WKL.AS) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Wolters Kluwer NV to open at 141.90€, and during the day (based on 14 day Average True Range), to move between 138.92€ and 143.38€, which gives a possible trading interval of +/-2.23€ (+/-1.58%) up or down from last closing price. If Wolters Kluwer NV takes out the full calculated possible swing range there will be an estimated 3.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 140.30€ (0.60%) than the resistance at 144.55€ (2.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wolters Kluwer NV stock A Buy?
Wolters Kluwer NV holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.113 Hold/Accumulate Downgraded
Predicted Opening Price for Wolters Kluwer NV of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| 141.90€ ( 0.531%) | 141.15€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WKL.AS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 144.15 | 2.13 % | |
| R2 | 143.29 | 1.52 % | ||
| R1 | 142.76 | 1.14 % | ||
| Current price: | 141.15 | |||
| Support | S1 | 141.04 | -0.0776 % | |
| S2 | 140.51 | -0.454 % | ||
| S3 | 139.65 | -1.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 146.20 | 3.58 % | |
| R2 | 145.65 | 3.19 % | ||
| R1 | 144.55 | 2.41 % | ||
| Current price | 141.15 | |||
| Support | S1 | 140.30 | -0.602% | |
| S2 | 139.25 | -1.35% | ||
| S3 | 136.50 | -3.29% |
WKL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2024 | May 10, 2024 | Jun 04, 2024 | 1.36€ | 0.96% |
| 2 | Aug 29, 2023 | Aug 29, 2023 | Aug 29, 2023 | 0.720€ | 0.652% |
| 3 | May 12, 2023 | May 12, 2023 | May 12, 2023 | 1.18€ | 1.07% |
| 4 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | 0.630€ | 0.607% |
| 5 | Apr 25, 2022 | Apr 25, 2022 | Apr 25, 2022 | 1.03€ | 1.08% |
FAQ
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