Royal KPN NV Stock Forecast
Red day on Monday for Royal KPN NV stock after losing 0.95%
(Updated on Apr 20, 2020)
The Royal KPN NV stock price fell by -0.95% on the last day (Monday, 20th Apr 2020) from 2.10€ to 2.08€. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.91% from a day low at 2.06€ to a day high of 2.12€. The price has fallen in 4 of the last 10 days and is down by -1.89% 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 -14 million shares and in total, 15 million shares were bought and sold for approximately 30.40€ million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 2.18€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -22.72% during the next 3 months and, with a 90% probability hold a price between 1.18€ and 1.68€ 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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KPN.AS Signals & Forecast
There are few to no technical positive signals at the moment. The Royal KPN NV 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 2.17€ and 2.13€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 15, 2020, and so far it has fallen -5.88%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Royal KPN NV stock
Royal KPN NV finds support from accumulated volume at 2.05€ 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 0.0600€ between high and low, or 2.91%. For the last week the stock has had daily average volatility of 2.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KPN.AS) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Royal KPN NV to open at 2.09€, and during the day (based on 14 day Average True Range), to move between 2.00€ and 2.16€, which gives a possible trading interval of +/-0.0834€ (+/-4.01%) up or down from last closing price. If Royal KPN NV takes out the full calculated possible swing range there will be an estimated 8.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 2.05€ (1.44%) than the resistance at 2.15€ (3.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Royal KPN NV stock A Buy?
Royal KPN NV holds several negative signals and is within a very 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: -2.474 Sell Candidate Unchanged
Predicted Opening Price for Royal KPN NV of Tuesday, April 21, 2020
| Fair opening price April 21, 2020 | Current price |
|---|---|
| 2.09€ ( 0.321%) | 2.08€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KPN.AS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.15 | 3.21 % | |
| R2 | 2.12 | 2.10 % | ||
| R1 | 2.11 | 1.42 % | ||
| Current price: | 2.08 | |||
| Support | S1 | 2.06 | -0.781 % | |
| S2 | 2.05 | -1.46 % | ||
| S3 | 2.03 | -2.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.55 | 22.60 % | |
| R2 | 2.21 | 6.25 % | ||
| R1 | 2.15 | 3.37 % | ||
| Current price | 2.08 | |||
| Support | S1 | 2.05 | -1.44% | |
| S2 | 1.96 | -5.77% | ||
| S3 | 1.85 | -11.06% |
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