KB Home Stock Forecast
Weaker technical forecast for KB Home as stock downgraded to Sell Candidate.
(Updated on Apr 25, 2024)
The KB Home stock price fell by -0.80% on the last day (Thursday, 25th Apr 2024) from $64.79 to $64.27. During the last trading day the stock fluctuated 3.43% from a day low at $62.36 to a day high of $64.50. The price has fallen in 7 of the last 10 days and is down by -0.83% for this period. Volume has increased on the last day by 86 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, 865 thousand shares were bought and sold for approximately $55.60 million.
The stock lies in the middle of a wide and weak 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 7.81% during the next 3 months and, with a 90% probability hold a price between $65.59 and $78.15 at the end of this 3-month period.
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KBH Signals & Forecast
There are mixed signals in the stock today. The KB Home stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $66.64. On a fall, the stock will find some support from the short-term average at $62.82. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 6.39%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for KB Home stock
KB Home finds support from accumulated volume at $61.69 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 $2.14 between high and low, or 3.43%. For the last week, the stock has had daily average volatility of 3.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KBH) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect KB Home to open at $63.71, and during the day (based on 14 day Average True Range), to move between $62.22 and $66.32, which gives a possible trading interval of +/-$2.05 (+/-3.19%) up or down from last closing price. If KB Home takes out the full calculated possible swing range there will be an estimated 6.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $61.69 (4.01%) than the resistance at $68.40 (6.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KB Home stock A Buy?
KB Home holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.383 Sell Candidate Downgraded
Predicted Opening Price for KB Home of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $63.71 ( 0.87%) | $64.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KBH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.85 | 2.46 % | |
| R2 | 65.03 | 1.19 % | ||
| R1 | 64.53 | 0.401 % | ||
| Current price: | 64.27 | |||
| Support | S1 | 62.89 | -2.14 % | |
| S2 | 62.39 | -2.93 % | ||
| S3 | 61.57 | -4.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 69.87 | 8.71 % | |
| R2 | 68.62 | 6.77 % | ||
| R1 | 68.40 | 6.43 % | ||
| Current price | 64.27 | |||
| Support | S1 | 61.69 | -4.01% | |
| S2 | 61.03 | -5.04% | ||
| S3 | 60.38 | -6.05% |
KBH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | May 23, 2024 | $0.250 | 0.389% |
| 2 | Jan 18, 2024 | Feb 07, 2024 | Feb 22, 2024 | $0.200 | 0.319% |
| 3 | Oct 05, 2023 | Nov 08, 2023 | Nov 22, 2023 | $0.200 | 0.377% |
| 4 | Jul 13, 2023 | Aug 02, 2023 | Aug 17, 2023 | $0.200 | 0.413% |
| 5 | Apr 20, 2023 | May 03, 2023 | May 18, 2023 | $0.150 | 0.326% |
FAQ
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