KBC Group N.V. Stock Forecast
Red day on Monday for KBC Group N.V.
(Updated on Jul 13, 2020)
The KBC Group N.V. stock price fell by -0.0384% on the last day (Monday, 13th Jul 2020) from 52.14€ to 52.12€. During the last trading day the stock fluctuated 2.87% from a day low at 51.58€ to a day high of 53.06€. The price has been going up and down for this period, and there has been a 7.38% gain for the last 2 weeks. 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 -302 shares and in total, 508 thousand shares were bought and sold for approximately 26.48€ million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 51.66€ 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 21.30% during the next 3 months and, with a 90% probability hold a price between 62.66€ and 67.23€ at the end of this 3-month period.
KBC.BB Signals & Forecast
The KBC Group N.V. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 49.75€ and 50.36€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, July 08, 2020, and so far it has fallen -0.115%. Further fall is indicated until a new bottom pivot has been found. 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 KBC Group N.V. stock
On the downside, the stock finds support just below today's level from accumulated volume at 46.64€ and 44.78€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, KBC Group N.V. finds support just below today's level at 46.64€. If this is broken, then the next support from accumulated volume will be at 44.78€ and 43.01€.
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 1.48€ between high and low, or 2.87%. For the last week the stock has had daily average volatility of 3.13%.
Our recommended stop-loss: 49.68€ (-4.69%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (KBC.BB) For The Upcoming Trading Day Of Tuesday 14th
Since the stock is closer to the resistance from accumulated volume at 52.14€ (0.04%) than the support at 46.64€ (10.51%), 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 Group N.V. stock A Buy?
KBC Group N.V. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for KBC Group N.V. of Tuesday, July 14, 2020
| Fair opening price July 14, 2020 | Current price |
|---|---|
| 52.25€ ( 0.256%) | 52.12€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KBC.BB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.73 | 3.10 % | |
| R2 | 53.17 | 2.01 % | ||
| R1 | 52.82 | 1.34 % | ||
| Current price: | 52.12 | |||
| Support | S1 | 51.69 | -0.83 % | |
| S2 | 51.34 | -1.50 % | ||
| S3 | 50.77 | -2.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 52.18 | 0.115 % | ||
| R1 | 52.14 | 0.0384 % | ||
| Current price | 52.12 | |||
| Support | S1 | 46.64 | -10.51% | |
| S2 | 44.78 | -14.08% | ||
| S3 | 43.01 | -17.48% |
FAQ
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