Fresenius Medical Care Corporation Stock Forecast
Fresenius Medical Care Corporation stock upgraded from Sell Candidate to Buy Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The Fresenius Medical Care Corporation stock price gained 2.21% on the last trading day (Thursday, 18th Apr 2024), rising from $18.97 to $19.39. During the last trading day the stock fluctuated 2.00% from a day low at $19.03 to a day high of $19.41. The price has risen in 6 of the last 10 days and is up by 3.52% 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, 346 thousand more shares were traded than the day before. In total, 623 thousand shares were bought and sold for approximately $12.08 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.34% during the next 3 months and, with a 90% probability hold a price between $17.11 and $19.29 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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FMS Signals & Forecast
Mostly positive signals in the chart today. The Fresenius Medical Care Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $18.88 and $19.28. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 5.44%. 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 Fresenius Medical Care Corporation stock
Fresenius Medical Care Corporation finds support from accumulated volume at $19.36 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 $0.380 between high and low, or 2.00%. For the last week the stock has had daily average volatility of 1.75%.
Our recommended stop-loss: $18.57 (-4.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (FMS) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Fresenius Medical Care Corporation to open at $19.28, and during the day (based on 14 day Average True Range), to move between $18.97 and $19.81, which gives a possible trading interval of +/-$0.422 (+/-2.18%) up or down from last closing price. If Fresenius Medical Care Corporation takes out the full calculated possible swing range there will be an estimated 4.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.36 (0.15%) than the resistance at $20.05 (3.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fresenius Medical Care Corporation stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.082 Buy Candidate Upgraded
Predicted Opening Price for Fresenius Medical Care Corporation of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $19.28 ( 0.584%) | $19.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FMS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.66 | 1.38 % | |
| R2 | 19.51 | 0.627 % | ||
| R1 | 19.42 | 0.164 % | ||
| Current price: | 19.39 | |||
| Support | S1 | 19.13 | -1.33 % | |
| S2 | 19.04 | -1.80 % | ||
| S3 | 18.90 | -2.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.04 | 8.51 % | |
| R2 | 20.76 | 7.07 % | ||
| R1 | 20.05 | 3.40 % | ||
| Current price | 19.39 | |||
| Support | S1 | 19.36 | -0.155% | |
| S2 | 19.32 | -0.361% | ||
| S3 | 18.77 | -3.20% |
FMS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 15, 2024 | May 17, 2024 | Jun 03, 2024 | $0.437 | 2.25% |
| 2 | May 03, 2023 | May 17, 2023 | Jun 01, 2023 | $0.618 | 2.87% |
| 3 | Apr 29, 2022 | May 13, 2022 | Jun 01, 2023 | $0.709 | 3.29% |
| 4 | May 17, 2021 | May 24, 2021 | Jun 07, 2021 | $0.83 | 2.03% |
| 5 | Aug 13, 2020 | Aug 28, 2020 | Sep 11, 2020 | $0.707 | 1.66% |
FAQ
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