KKR - KKR & Co LP Fri 13'th Jan 2017
Stock analysis for Fri 13'th Jan 2017 (Updated daily)
Buy candidate since 2017-01-11
KKR & Co LP Stock Analysis
No changes to the price of KKR & Co LP in the last trading day. The price has risen in 6 of the last 10 days days and is up by 11.38% over the past 2 weeks.
KKR & Co LP lays in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 23.8% during the next 3 months and, with 90% probability will hold a price between USD 19.97 and USD 22.84 at the end of this period.
KKR & Co LP holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at USD 17.01 and USD 16.30. A break down below any of these levels will issue sell signals. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday December 09, 2016, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 65 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside the stock finds support just below today's level from accumulated volume at USD 15.87 and USD 14.71 On the upside the stock meets some resistance just above today's level from accumulated volume at USD 17.25.
There is natural risk involved when a stock is testing a support level, as if this is broken the stock may fall to the next support level. In this case KKR & Co LP finds support just below today's level at 15.87. If this is broken the next support from accumulated volume will be at 14.71 and 14.25. The stock is about to test the resistance at USD 17.25. If this level is broken the stock may move faster and we often see a peak at the end of such a break, posing a good sales opportunity as in 90% of the cases you will get a reaction back to the level broken before new gains. A break should be followed by increasing volume else the break may be false and despite a break of the actual resistance level the stock falls back fairly soon.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day the stock moved USD 0.45 between high and low, and this equals 2.64%. For the last week, the stock has had a daily average volatility of 2.90%.
Our recommended stoploss: USD 16.56 (-3.89%) ( criteria: risk and position in trend)
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 this stock to perform well in the short-term.