Kelly Services Stock Forecast
Kelly Services stock price up 1.63% on Friday
(Updated on Apr 19, 2024)
The Kelly Services stock price gained 1.63% on the last trading day (Friday, 19th Apr 2024), rising from $23.33 to $23.71. It has now gained 3 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 2.02% from a day low at $23.25 to a day high of $23.72. The price has risen in 5 of the last 10 days but is still down by -2.63% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 99 thousand shares were bought and sold for approximately $2.34 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $23.28 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.00% during the next 3 months and, with a 90% probability hold a price between $27.24 and $30.45 at the end of this 3-month period.
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KELYA Signals & Forecast
There are mixed signals in the stock today. The Kelly Services 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 $24.14. On a fall, the stock will find some support from the short-term average at $23.38. 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. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -5.35%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Kelly Services stock
Kelly Services finds support from accumulated volume at $23.50 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 $0.470 between high and low, or 2.02%. For the last week, the stock has had daily average volatility of 1.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KELYA) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Kelly Services to open at $23.56, and during the day (based on 14 day Average True Range), to move between $23.24 and $24.18, which gives a possible trading interval of +/-$0.473 (+/-1.99%) up or down from last closing price. If Kelly Services takes out the full calculated possible swing range there will be an estimated 3.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.50 (0.89%) than the resistance at $24.41 (2.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kelly Services stock A Buy?
Kelly Services 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.
Current score: -3.702 Sell Candidate Unchanged
Predicted Opening Price for Kelly Services of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $23.56 ( 0.633%) | $23.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KELYA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.03 | 1.35 % | |
| R2 | 23.85 | 0.592 % | ||
| R1 | 23.74 | 0.125 % | ||
| Current price: | 23.71 | |||
| Support | S1 | 23.38 | -1.39 % | |
| S2 | 23.27 | -1.86 % | ||
| S3 | 23.09 | -2.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.76 | 4.43 % | |
| R2 | 24.50 | 3.33 % | ||
| R1 | 24.41 | 2.95 % | ||
| Current price | 23.71 | |||
| Support | S1 | 23.50 | -0.89% | |
| S2 | 20.93 | -11.73% | ||
| S3 | 20.88 | -11.94% |
KELYA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 13, 2024 | Feb 26, 2024 | Mar 13, 2024 | $0.0750 | 0.311% |
| 2 | Nov 07, 2023 | Nov 21, 2023 | Dec 06, 2023 | $0.0750 | 0.359% |
| 3 | Aug 08, 2023 | Aug 22, 2023 | Sep 06, 2023 | $0.0750 | 0.412% |
| 4 | May 09, 2023 | May 19, 2023 | Jun 06, 2023 | $0.0750 | 0.405% |
| 5 | Feb 14, 2023 | Feb 24, 2023 | Mar 13, 2023 | $0.0750 | 0.480% |
FAQ
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