Kratos Defense & Security Solutions Stock Forecast
On Friday, Kratos Defense & Security Solutions stock price gained an impressive 9.11%
(Updated on Apr 26, 2024)
The Kratos Defense & Security Solutions stock price gained 9.11% on the last trading day (Friday, 26th Apr 2024), rising from $17.28 to $18.86. During the last trading day the stock fluctuated 5.39% from a day low at $18.24 to a day high of $19.23. The price has fallen in 6 of the last 10 days but is still up by 3.54% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $53.59 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.16% during the next 3 months and, with a 90% probability hold a price between $16.43 and $20.01 at the end of this 3-month period.
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KTOS Signals & Forecast
The Kratos Defense & Security Solutions stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $17.89 and $17.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 10.91%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Kratos Defense & Security Solutions stock
Kratos Defense & Security Solutions finds support from accumulated volume at $18.68 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 $0.98 between high and low, or 5.39%. For the last week the stock has had daily average volatility of 3.24%.
Our recommended stop-loss: $18.07 (-4.17%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (KTOS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Kratos Defense & Security Solutions to open at $18.77, and during the day (based on 14 day Average True Range), to move between $18.18 and $19.53, which gives a possible trading interval of +/-$0.678 (+/-3.59%) up or down from last closing price. If Kratos Defense & Security Solutions takes out the full calculated possible swing range there will be an estimated 7.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.68 (0.93%) than the resistance at $20.70 (9.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Kratos Defense & Security Solutions will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0500. We will update the financials statements for Kratos Defense & Security Solutions, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.93% in the first trading day after earnings release.
Is Kratos Defense & Security Solutions stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 2.865 Buy Candidate Upgraded
Predicted Opening Price for Kratos Defense & Security Solutions of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $18.77 ( 0.428%) | $18.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KTOS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.76 | 4.79 % | |
| R2 | 19.38 | 2.80 % | ||
| R1 | 19.15 | 1.57 % | ||
| Current price: | 18.86 | |||
| Support | S1 | 18.40 | -2.42 % | |
| S2 | 18.17 | -3.65 % | ||
| S3 | 17.79 | -5.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.82 | 10.42 % | |
| R2 | 20.77 | 10.16 % | ||
| R1 | 20.70 | 9.79 % | ||
| Current price | 18.86 | |||
| Support | S1 | 18.68 | -0.93% | |
| S2 | 18.56 | -1.56% | ||
| S3 | 18.05 | -4.27% |
FAQ
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