Wolters Kluwer NV Stock Forecast
Weaker technical forecast for Wolters Kluwer NV as stock downgraded to Hold/Accumulate.
(Updated on Apr 19, 2024)
The Wolters Kluwer NV stock price fell by -0.601% on the last day (Friday, 19th Apr 2024) from 141.40€ to 140.55€. During the last trading day the stock fluctuated 1.29% from a day low at 139.65€ to a day high of 141.45€. The price has fallen in 6 of the last 10 days and is down by -0.39% for this period. Volume has increased on the last day by 92 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 575 thousand shares were bought and sold for approximately 80.86€ million.
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 139.81€ 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 2.15% during the next 3 months and, with a 90% probability hold a price between 142.82€ and 153.36€ at the end of this 3-month period.
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WKL.AS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 0.93%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Wolters Kluwer NV stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 141.15€ and 143.55€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more 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 1.80€ between high and low, or 1.29%. For the last week the stock has had daily average volatility of 1.45%.
Our recommended stop-loss: 133.28€ (-5.17%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (WKL.AS) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Wolters Kluwer NV to open at 140.55€, and during the day (based on 14 day Average True Range), to move between 138.51€ and 142.59€, which gives a possible trading interval of +/-2.04€ (+/-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 2.91% 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€ (0.18%) than the resistance at 144.55€ (2.85%), 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?
Wolters Kluwer NV holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.291 Hold/Accumulate Downgraded
Predicted Opening Price for Wolters Kluwer NV of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| 140.55€ ( 0%) | 140.55€ |
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 | 142.35 | 1.28 % | |
| R2 | 141.66 | 0.791 % | ||
| R1 | 141.24 | 0.489 % | ||
| Current price: | 140.55 | |||
| Support | S1 | 139.86 | -0.489 % | |
| S2 | 139.44 | -0.791 % | ||
| S3 | 138.75 | -1.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 146.20 | 4.02 % | |
| R2 | 145.65 | 3.63 % | ||
| R1 | 144.55 | 2.85 % | ||
| Current price | 140.55 | |||
| Support | S1 | 140.30 | -0.178% | |
| S2 | 139.25 | -0.92% | ||
| S3 | 136.50 | -2.88% |
WKL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2024 | May 10, 2024 | Jun 04, 2024 | 1.36€ | 0.97% |
| 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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