Wolters Kluwer NV Stock Forecast
Wolters Kluwer NV stock upgraded from Sell Candidate to Buy Candidate after Monday trading session.
(Updated on Apr 15, 2024)
The Wolters Kluwer NV stock price gained 0.82% on the last trading day (Monday, 15th Apr 2024), rising from 141.05€ to 142.20€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.74% from a day low at 140.95€ to a day high of 143.40€. The price has fallen in 5 of the last 10 days and is down by -2.07% for this period. Volume fell on the last day by -19 thousand shares and in total, 407 thousand shares were bought and sold for approximately 57.91€ 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 lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 139.93€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.13% during the next 3 months and, with a 90% probability hold a price between 145.70€ and 157.75€ at the end of this 3-month period.
WKL.AS Signals & Forecast
There are mixed signals in the stock today. The Wolters Kluwer NV 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 144.20€. On a fall, the stock will find some support from the short-term average at 140.67€. 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). A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 2.12%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Wolters Kluwer NV stock
Wolters Kluwer NV finds support from accumulated volume at 140.30€ 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 2.45€ between high and low, or 1.74%. For the last week the stock has had daily average volatility of 1.35%.
Our recommended stop-loss: 134.74€ (-5.25%) (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 (WKL.AS) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Wolters Kluwer NV to open at 142.18€, and during the day (based on 14 day Average True Range), to move between 140.14€ and 144.26€, which gives a possible trading interval of +/-2.06€ (+/-1.45%) up or down from last closing price. If Wolters Kluwer NV takes out the full calculated possible swing range there will be an estimated 2.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 140.30€ (1.34%) than the resistance at 144.55€ (1.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wolters Kluwer NV 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 Wolters Kluwer NV 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: 1.025 Buy Candidate Upgraded
Predicted Opening Price for Wolters Kluwer NV of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| 142.18€ ( 0.0117%) | 142.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WKL.AS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 144.63 | 1.71 % | |
| R2 | 143.70 | 1.05 % | ||
| R1 | 143.12 | 0.646 % | ||
| Current price: | 142.20 | |||
| Support | S1 | 141.25 | -0.670 % | |
| S2 | 140.67 | -1.08 % | ||
| S3 | 139.73 | -1.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 146.20 | 2.81 % | |
| R2 | 145.65 | 2.43 % | ||
| R1 | 144.55 | 1.65 % | ||
| Current price | 142.20 | |||
| Support | S1 | 140.30 | -1.34% | |
| S2 | 136.50 | -4.01% | ||
| S3 | 136.10 | -4.29% |
WKL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2024 | May 10, 2024 | Jun 04, 2024 | 1.36€ | 0.96% |
| 2 | Aug 29, 2023 | Aug 29, 2023 | Aug 29, 2023 | 0.720€ | 0.652% |
| 3 | May 12, 2023 | May 12, 2023 | May 12, 2023 | 1.18€ | 1.07% |
| 4 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | 0.630€ | 0.607% |
| 5 | Apr 25, 2022 | Apr 25, 2022 | Apr 25, 2022 | 1.03€ | 1.08% |
FAQ
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