K12 Inc Stock Forecast
Green day on Friday for K12 Inc
(Updated on Apr 26, 2024)
The K12 Inc stock price gained 1.08% on the last trading day (Friday, 26th Apr 2024), rising from $66.36 to $67.08. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.80% from a day low at $66.81 to a day high of $68.01. The price has been going up and down for this period, and there has been a 13.44% gain for the last 2 weeks. Volume fell on the last day by -562 thousand shares and in total, 711 thousand shares were bought and sold for approximately $47.70 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $64.80, a level that may pose a second chance to hit a runner. According to fan-theory $72.91 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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LRN Signals & Forecast
Mostly positive signals in the chart today. The K12 Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $60.97 and $61.36. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 18.66%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for K12 Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $63.23 and $61.25. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, K12 Inc finds support just below today's level at $63.23. If this is broken, then the next support from accumulated volume will be at $61.25 and $61.24.
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 $1.20 between high and low, or 1.80%. For the last week, the stock has had daily average volatility of 3.78%.
Our recommended stop-loss: $64.97 (-3.14%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (LRN) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect K12 Inc to open at $67.30, and during the day (based on 14 day Average True Range), to move between $65.25 and $68.91, which gives a possible trading interval of +/-$1.83 (+/-2.73%) up or down from last closing price. If K12 Inc takes out the full calculated possible swing range there will be an estimated 5.47% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $63.23, some $3.85 (5.74%) from the current price of $67.08, our system finds the risk reward attractive.
Is K12 Inc stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for K12 Inc stock to perform well in the short-term period.
Current score: 1.602 Buy Candidate Unchanged
Predicted Opening Price for K12 Inc of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$67.30 ( 0.328%) | $67.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LRN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 68.50 | 2.12 % | |
R2 | 68.04 | 1.43 % | ||
R1 | 67.76 | 1.01 % | ||
Current price: | 67.08 | |||
Support | S1 | 66.84 | -0.355 % | |
S2 | 66.56 | -0.778 % | ||
S3 | 66.10 | -1.46 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 67.08 | |||
Support | S1 | 63.23 | -5.74% | |
S2 | 61.25 | -8.69% | ||
S3 | 61.24 | -8.71% |
FAQ
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