Kosmos Energy Stock Forecast
Red day on Tuesday for Kosmos Energy
(Updated on Apr 23, 2024)
The Kosmos Energy stock price fell by -0.681% on the last day (Tuesday, 23rd Apr 2024) from $5.87 to $5.83. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.89% from a day low at $5.81 to a day high of $5.92. The price has fallen in 6 of the last 10 days and is down by -6.27% for this period. Volume has increased on the last day by 217 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, 4 million shares were bought and sold for approximately $22.29 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Kosmos Energy stock with a 90% probability to be traded between $5.51 and $6.42 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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KOS Signals & Forecast
There are few to no technical positive signals at the moment. The Kosmos Energy 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 $5.99 and $5.87. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -7.90%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Kosmos Energy stock
Kosmos Energy finds support from accumulated volume at $5.81 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.110 between high and low, or 1.89%. For the last week, the stock has had daily average volatility of 2.71%.
Our recommended stop-loss: $5.55 (-4.88%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (KOS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Kosmos Energy Ltd to open at $5.85, and during the day (based on 14 day Average True Range), to move between $5.59 and $6.07, which gives a possible trading interval of +/-$0.236 (+/-4.04%) up or down from last closing price. If Kosmos Energy Ltd takes out the full calculated possible swing range there will be an estimated 8.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.81 (0.34%) than the resistance at $5.96 (2.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kosmos Energy Ltd stock A Buy?
Kosmos Energy 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.
Current score: -0.157 Hold/Accumulate Unchanged
Predicted Opening Price for Kosmos Energy Ltd of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$5.85 ( 0.400%) | $5.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KOS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.96 | 2.29 % | |
R2 | 5.92 | 1.57 % | ||
R1 | 5.90 | 1.12 % | ||
Current price: | 5.83 | |||
Support | S1 | 5.81 | -0.321 % | |
S2 | 5.79 | -0.766 % | ||
S3 | 5.74 | -1.49 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.22 | 6.69 % | |
R2 | 6.05 | 3.77 % | ||
R1 | 5.96 | 2.23 % | ||
Current price | 5.83 | |||
Support | S1 | 5.81 | -0.343% | |
S2 | 5.59 | -4.12% | ||
S3 | 5.40 | -7.38% |
KOS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 24, 2020 | Mar 04, 2020 | Mar 26, 2020 | $0.0450 | 4.46% |
2 | Nov 04, 2019 | Nov 29, 2019 | Dec 23, 2019 | $0.0450 | 0.82% |
3 | Aug 05, 2019 | Sep 04, 2019 | Sep 26, 2019 | $0.0450 | 0.688% |
4 | May 06, 2019 | Jun 05, 2019 | Jun 27, 2019 | $0.0450 | 0.725% |
5 | Feb 25, 2019 | Mar 06, 2019 | Mar 28, 2019 | $0.0450 | 0.754% |
FAQ
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