Kadant Inc Stock Forecast

Kadant Inc stock price ended at $281.99 on Friday, after losing 0.673%.
(Updated on Apr 19, 2024)

KAI Signals & Forecast

There are few to no technical positive signals at the moment. The Kadant Inc 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 $289.17 and $313.06. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 15, 2024, and so far it has fallen -17.21%. 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 Kadant Inc stock

Kadant Inc finds support from accumulated volume at $277.76 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 $4.90 between high and low, or 1.74%. For the last week, the stock has had daily average volatility of 1.91%.

Kadant Inc is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (KAI) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Kadant Inc to open at $283.04, and during the day (based on 14 day Average True Range), to move between $274.45 and $289.53, which gives a possible trading interval of +/-$7.54 (+/-2.68%) up or down from last closing price. If Kadant Inc takes out the full calculated possible swing range there will be an estimated 5.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $286.00 (1.42%) than the support at $277.76 (1.50%), 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 Kadant Inc stock A Buy?

The Kadant Inc stock holds several negative signals and despite the positive trend, we believe Kadant Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.397 Sell Candidate Unchanged

Predicted Opening Price for Kadant Inc of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.