KONE Oyj Stock Forecast
Red day on Thursday for KONE Oyj
(Updated on Apr 18, 2024)
No changes to the price of KONE Oyj stock on the last trading day (Thursday, 18th Apr 2024). During the last trading day the stock fluctuated 1.83% from a day low at 42.68€ to a day high of 43.46€. The price has fallen in 5 of the last 10 days but is still up by 0.05% over the past 2 weeks.
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 -6.06% during the next 3 months and, with a 90% probability hold a price between 38.50€ and 42.49€ 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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KNEBV.HE Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 11, 2024, and so far it has risen 2.42%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The KONE Oyj stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 43.79€ and 43.40€. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for KONE Oyj stock
KONE Oyj finds support from accumulated volume at 43.21€ 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 0.780€ between high and low, or 1.83%. For the last week the stock has had daily average volatility of 1.66%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KNEBV.HE) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect KONE Oyj to open at 43.12€, and during the day (based on 14 day Average True Range), to move between 42.42€ and 44.04€, which gives a possible trading interval of +/-0.81€ (+/-1.88%) up or down from last closing price. If KONE Oyj takes out the full calculated possible swing range there will be an estimated 3.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 43.21€ (0.05%) than the resistance at 44.09€ (1.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
KONE Oyj will release earnings BMO on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.390. We will update the financials statements for KONE Oyj, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.27% in the first trading day after earnings release.
Is KONE Oyj stock A Buy?
KONE Oyj holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.540 Sell Candidate Unchanged
Predicted Opening Price for KONE Oyj of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| 43.12€ ( 0.247%) | 43.23€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KNEBV.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.90 | 1.56 % | |
| R2 | 43.61 | 0.87 % | ||
| R1 | 43.42 | 0.443 % | ||
| Current price: | 43.23 | |||
| Support | S1 | 42.83 | -0.94 % | |
| S2 | 42.64 | -1.36 % | ||
| S3 | 42.34 | -2.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.31 | 7.12 % | |
| R2 | 45.22 | 4.60 % | ||
| R1 | 44.09 | 1.99 % | ||
| Current price | 43.23 | |||
| Support | S1 | 43.21 | -0.0463% | |
| S2 | 43.14 | -0.208% | ||
| S3 | 42.97 | -0.601% |
KNEBV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 01, 2024 | Mar 01, 2024 | Mar 11, 2024 | 1.75€ | 4.15% |
| 2 | Mar 01, 2023 | Mar 01, 2023 | Mar 01, 2023 | 1.75€ | 3.64% |
| 3 | Mar 02, 2022 | Mar 02, 2022 | Mar 02, 2022 | 0.350€ | 0.711% |
| 4 | Mar 03, 2021 | Mar 03, 2021 | Mar 03, 2021 | 0.500€ | 0.767% |
| 5 | Feb 26, 2020 | Feb 26, 2020 | Feb 26, 2020 | 1.70€ | 3.24% |
FAQ
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