KBC Ancora SCA Stock Forecast
Green day on Thursday for KBC Ancora SCA
(Updated on Apr 18, 2024)
The KBC Ancora SCA stock price gained 1.67% on the last trading day (Thursday, 18th Apr 2024), rising from 44.90€ to 45.65€. During the last trading day the stock fluctuated 1.56% from a day low at 45.00€ to a day high of 45.70€. The price has fallen in 6 of the last 10 days and is down by -1.51% for this period. Volume fell on the last day by -706 shares and in total, 29 thousand shares were bought and sold for approximately 1.32€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a strong 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 10.71% during the next 3 months and, with a 90% probability hold a price between 48.05€ and 52.13€ at the end of this 3-month period.
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KBCA.BB Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -1.51%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The KBC Ancora SCA 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 45.00€ and 44.61€. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for KBC Ancora SCA stock
KBC Ancora SCA finds support from accumulated volume at 44.20€ 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 0.700€ between high and low, or 1.56%. For the last week the stock has had daily average volatility of 2.02%
Our recommended stop-loss: 43.98€ (-3.66%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (KBCA.BB) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect KBC Ancora SCA to open at 45.45€, and during the day (based on 14 day Average True Range), to move between 44.92€ and 46.38€, which gives a possible trading interval of +/-0.733€ (+/-1.61%) up or down from last closing price. If KBC Ancora SCA takes out the full calculated possible swing range there will be an estimated 3.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 45.85€ (0.44%) than the support at 44.20€ (3.18%), 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 KBC Ancora SCA 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 KBC Ancora SCA stock to perform well in the short-term.
Current score: 3.550 Buy Candidate Unchanged
Predicted Opening Price for KBC Ancora SCA of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| 45.45€ ( 0.438%) | 45.65€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KBCA.BB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.15 | 1.10 % | |
| R2 | 45.88 | 0.510 % | ||
| R1 | 45.72 | 0.148 % | ||
| Current price: | 45.65 | |||
| Support | S1 | 45.18 | -1.02 % | |
| S2 | 45.02 | -1.39 % | ||
| S3 | 44.75 | -1.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 46.35 | 1.53 % | ||
| R1 | 45.85 | 0.438 % | ||
| Current price | 45.65 | |||
| Support | S1 | 44.20 | -3.18% | |
| S2 | 43.32 | -5.10% | ||
| S3 | 40.96 | -10.27% |
KBCA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2023 | Jun 06, 2023 | Jun 06, 2023 | 3.31€ | 0% |
| 2 | Jun 07, 2022 | Jun 07, 2022 | Jun 07, 2022 | 6.49€ | 0% |
| 3 | Dec 07, 2021 | Dec 07, 2021 | Dec 07, 2021 | 2.30€ | 0% |
| 4 | Jun 08, 2021 | Jun 08, 2021 | Jun 08, 2021 | 0.200€ | 0% |
| 5 | May 24, 2019 | Jun 04, 2019 | Jun 06, 2019 | 3.08€ | 0% |
FAQ
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