Kearny Financial Stock Forecast
Green day on Wednesday for Kearny Financial stock after gaining 2.56%
(Updated on Apr 24, 2024)
The Kearny Financial stock price gained 2.56% on the last trading day (Wednesday, 24th Apr 2024), rising from $5.86 to $6.01. During the last trading day the stock fluctuated 3.61% from a day low at $5.81 to a day high of $6.02. The price has risen in 5 of the last 10 days and is up by 6.94% over the past 2 weeks. Volume fell on the last day by -73 thousand shares and in total, 420 thousand shares were bought and sold for approximately $2.52 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 lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -19.35% during the next 3 months and, with a 90% probability hold a price between $4.32 and $5.14 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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KRNY Signals & Forecast
There are mixed signals in the stock today. The Kearny Financial 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 $6.02. On a fall, the stock will find some support from the short-term average at $5.73. 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). A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 9.27%. Further rise is indicated until a new top pivot has been found. 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 Kearny Financial stock
Kearny Financial finds support from accumulated volume at $5.92 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 $0.210 between high and low, or 3.61%. For the last week, the stock has had daily average volatility of 3.64%.
Our recommended stop-loss: $5.79 (-3.64%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (KRNY) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Kearny Financial to open at $5.95, and during the day (based on 14 day Average True Range), to move between $5.78 and $6.24, which gives a possible trading interval of +/-$0.232 (+/-3.86%) up or down from last closing price. If Kearny Financial takes out the full calculated possible swing range there will be an estimated 7.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.09 (1.33%) than the support at $5.92 (1.50%), 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.
Earnings coming up
Kearny Financial will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.130. We will update the financials statements for Kearny Financial, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.21% in the first trading day after earnings release.
Is Kearny Financial stock A Buy?
Kearny Financial holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.349 Hold/Accumulate Unchanged
Predicted Opening Price for Kearny Financial of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $5.95 ( 1.05%) | $6.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KRNY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.16 | 2.44 % | |
| R2 | 6.08 | 1.11 % | ||
| R1 | 6.03 | 0.281 % | ||
| Current price: | 6.01 | |||
| Support | S1 | 5.87 | -2.39 % | |
| S2 | 5.82 | -3.21 % | ||
| S3 | 5.74 | -4.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.44 | 7.15 % | |
| R2 | 6.26 | 4.16 % | ||
| R1 | 6.09 | 1.33 % | ||
| Current price | 6.01 | |||
| Support | S1 | 5.92 | -1.50% | |
| S2 | 5.81 | -3.33% | ||
| S3 | 5.62 | -6.49% |
KRNY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 24, 2024 | Feb 06, 2024 | Feb 21, 2024 | $0.110 | 1.66% |
| 2 | Oct 26, 2023 | Nov 07, 2023 | Nov 22, 2023 | $0.110 | 1.39% |
| 3 | Jul 26, 2023 | Aug 08, 2023 | Aug 23, 2023 | $0.110 | 1.46% |
| 4 | Apr 26, 2023 | May 09, 2023 | May 24, 2023 | $0.110 | 1.54% |
| 5 | Jan 26, 2023 | Feb 07, 2023 | Feb 22, 2023 | $0.110 | 1.11% |
FAQ
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