Henkel AG & Company. KGaA Stock Forecast
Green day on Thursday for Henkel AG & Company. KGaA stock after gaining 0.413%
(Updated on Apr 25, 2024)
The Henkel AG & Company. KGaA stock price gained 0.413% on the last trading day (Thursday, 25th Apr 2024), rising from $19.37 to $19.45. During the last trading day the stock fluctuated 1.19% from a day low at $19.26 to a day high of $19.49. The price has risen in 6 of the last 10 days and is up by 0.15% 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, 33 thousand more shares were traded than the day before. In total, 52 thousand shares were bought and sold for approximately $1.01 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.55% during the next 3 months and, with a 90% probability hold a price between $19.37 and $21.54 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HENOY Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.29%. Further rise is indicated until a new top pivot has been found. Henkel AG & Company. KGaA has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Henkel AG & Company. KGaA stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $19.69. On a fall, the stock will find some support from the short-term average at $19.27. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Henkel AG & Company. KGaA stock
Henkel AG & Company. KGaA finds support from accumulated volume at $19.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.230 (1.19%) between high and low. For the last week, the stock has had daily average volatility of 1.11%.
Our recommended stop-loss: $18.43 (-5.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (HENOY) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Henkel AG & Company. KGaA to open at $19.40, and during the day (based on 14 day Average True Range), to move between $19.19 and $19.71, which gives a possible trading interval of +/-$0.260 (+/-1.34%) up or down from last closing price. If Henkel AG & Company. KGaA takes out the full calculated possible swing range there will be an estimated 2.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.49 (0.21%) than the support at $19.25 (1.03%), 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 Henkel AG & Company. KGaA 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 Henkel AG & Company. KGaA stock to perform well in the short-term.
Current score: 1.704 Buy Candidate Unchanged
Predicted Opening Price for Henkel AG & Company. KGaA of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $19.40 ( 0.257%) | $19.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HENOY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.63 | 0.93 % | |
| R2 | 19.54 | 0.474 % | ||
| R1 | 19.49 | 0.195 % | ||
| Current price: | 19.45 | |||
| Support | S1 | 19.31 | -0.709 % | |
| S2 | 19.26 | -0.99 % | ||
| S3 | 19.17 | -1.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.19 | 3.80 % | |
| R2 | 19.61 | 0.82 % | ||
| R1 | 19.49 | 0.206 % | ||
| Current price | 19.45 | |||
| Support | S1 | 19.25 | -1.03% | |
| S2 | 19.16 | -1.49% | ||
| S3 | 19.07 | -1.95% |
HENOY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | Apr 23, 2024 | May 06, 2024 | $0.337 | 1.74% |
| 2 | Jul 24, 2023 | Apr 25, 2023 | May 08, 2023 | $0.503 | 2.46% |
| 3 | Mar 31, 2022 | Apr 05, 2022 | Apr 18, 2022 | $0.510 | 3.15% |
| 4 | Apr 15, 2021 | Apr 19, 2021 | May 03, 2021 | $0.544 | 1.88% |
| 5 | Jun 18, 2020 | Jun 18, 2020 | Jun 18, 2020 | $0.502 | 2.16% |
FAQ
Click here for our free guide on how to buy Henkel AG & Company. KGaA Stock.
