Kimball Electronics Stock Forecast
Kimball Electronics stock price up 0.0962% on Friday
(Updated on Apr 26, 2024)
The Kimball Electronics stock price gained 0.0962% on the last trading day (Friday, 26th Apr 2024), rising from $20.80 to $20.82. During the last trading day the stock fluctuated 1.39% from a day low at $20.79 to a day high of $21.08. The price has been going up and down for this period, and there has been a 0.53% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 26 thousand more shares were traded than the day before. In total, 83 thousand shares were bought and sold for approximately $1.74 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $21.20 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.74% during the next 3 months and, with a 90% probability hold a price between $16.50 and $19.35 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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KE Signals & Forecast
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. The Kimball Electronics 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 $20.89 and $21.01. 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 29, 2024, and so far it has fallen -7.51%. 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).
Support, Risk & Stop-loss for Kimball Electronics stock
Kimball Electronics finds support from accumulated volume at $20.75 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 $0.289 between high and low, or 1.39%. For the last week the stock has had daily average volatility of 1.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KE) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Kimball Electronics to open at $20.90, and during the day (based on 14 day Average True Range), to move between $20.36 and $21.28, which gives a possible trading interval of +/-$0.458 (+/-2.20%) up or down from last closing price. If Kimball Electronics takes out the full calculated possible swing range there will be an estimated 4.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.75 (0.34%) than the resistance at $21.47 (3.12%), 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
Kimball Electronics will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.400. We will update the financials statements for Kimball Electronics, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.29% in the first trading day after earnings release.
Is Kimball Electronics stock A Buy?
Kimball Electronics holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.097 Sell Candidate Unchanged
Predicted Opening Price for Kimball Electronics of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $20.90 ( 0.367%) | $20.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.19 | 1.76 % | |
| R2 | 21.08 | 1.23 % | ||
| R1 | 21.01 | 0.90 % | ||
| Current price: | 20.82 | |||
| Support | S1 | 20.79 | -0.164 % | |
| S2 | 20.72 | -0.491 % | ||
| S3 | 20.61 | -1.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.51 | 8.12 % | |
| R2 | 21.65 | 3.99 % | ||
| R1 | 21.47 | 3.12 % | ||
| Current price | 20.82 | |||
| Support | S1 | 20.75 | -0.336% | |
| S2 | 20.33 | -2.35% | ||
| S3 | 20.18 | -3.07% |
FAQ
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