Kingstone Companies Stock Forecast
Green day on Wednesday for Kingstone Companies
(Updated on Mar 27, 2024)
The Kingstone Companies stock price gained 1.30% on the last trading day (Wednesday, 27th Mar 2024), rising from $3.84 to $3.89. During the last trading day the stock fluctuated 2.64% from a day low at $3.79 to a day high of $3.89. The price has risen in 6 of the last 10 days and is up by 2.1% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 9 thousand shares were bought and sold for approximately $35.97 thousand. 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 lies in the middle of a wide and strong 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 81.74% during the next 3 months and, with a 90% probability hold a price between $6.78 and $7.61 at the end of this 3-month period.
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KINS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -2.02%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The Kingstone Companies stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $3.87 and $3.59. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Kingstone Companies stock
Kingstone Companies finds support from accumulated volume at $3.80 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.100 between high and low, or 2.64%. For the last week the stock has had daily average volatility of 3.63%.
Our recommended stop-loss: $3.75 (-3.64%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (KINS) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Kingstone Companies to open at $3.86, and during the day (based on 14 day Average True Range), to move between $3.68 and $4.10, which gives a possible trading interval of +/-$0.206 (+/-5.30%) up or down from last closing price. If Kingstone Companies takes out the full calculated possible swing range there will be an estimated 10.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.90 (0.26%) than the support at $3.80 (2.31%), 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 Kingstone Companies stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Kingstone Companies stock to perform well in the short-term.
Current score: 3.386 Buy Candidate Unchanged
Predicted Opening Price for Kingstone Companies of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$3.86 ( 0.86%) | $3.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KINS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.96 | 1.71 % | |
R2 | 3.92 | 0.732 % | ||
R1 | 3.89 | 0.125 % | ||
Current price: | 3.89 | |||
Support | S1 | 3.82 | -1.84 % | |
S2 | 3.79 | -2.45 % | ||
S3 | 3.76 | -3.43 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.95 | 1.54 % | |
R2 | 3.91 | 0.514 % | ||
R1 | 3.90 | 0.257 % | ||
Current price | 3.89 | |||
Support | S1 | 3.80 | -2.31% | |
S2 | 3.76 | -3.34% | ||
S3 | 3.15 | -19.02% |
KINS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 12, 2022 | Aug 30, 2022 | Sep 15, 2022 | $0.0400 | 1.22% |
2 | May 02, 2022 | May 27, 2022 | Jun 15, 2022 | $0.0400 | 0.98% |
3 | Feb 02, 2022 | Feb 25, 2022 | Mar 15, 2022 | $0.0400 | 0.777% |
4 | Nov 12, 2021 | Nov 29, 2021 | Dec 15, 2021 | $0.0400 | 0.85% |
5 | Aug 03, 2021 | Aug 30, 2021 | Sep 15, 2021 | $0.0400 | 0.588% |
FAQ
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