Krispy Kreme, Inc. Stock Forecast
Krispy Kreme, Inc. stock price down 1.72% on Tuesday
(Updated on Apr 23, 2024)
The Krispy Kreme, Inc. stock price fell by -1.72% on the last day (Tuesday, 23rd Apr 2024) from $13.40 to $13.17. It has now fallen 8 days in a row. During the last trading day the stock fluctuated 3.16% from a day low at $13.13 to a day high of $13.55. The price has fallen in 8 of the last 10 days and is down by -8.67% for this period. Volume has increased on the last day by 112 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, 2 million shares were bought and sold for approximately $29.39 million.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $12.17 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 6.49% during the next 3 months and, with a 90% probability hold a price between $12.96 and $18.83 at the end of this 3-month period.
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DNUT Signals & Forecast
There are few to no technical positive signals at the moment. The Krispy Kreme, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $13.72 and $13.63. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -24.09%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Krispy Kreme, Inc. stock
Krispy Kreme, Inc. finds support from accumulated volume at $13.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.415 between high and low, or 3.16%. For the last week, the stock has had daily average volatility of 2.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DNUT) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Krispy Kreme, Inc. to open at $13.28, and during the day (based on 14 day Average True Range), to move between $12.52 and $13.82, which gives a possible trading interval of +/-$0.655 (+/-4.97%) up or down from last closing price. If Krispy Kreme, Inc. takes out the full calculated possible swing range there will be an estimated 9.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.16 (0.08%) than the resistance at $14.32 (8.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Krispy Kreme, Inc. stock A Buy?
The Krispy Kreme, Inc. stock holds several negative signals and despite the positive trend, we believe Krispy Kreme, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.873 Sell Candidate Unchanged
Predicted Opening Price for Krispy Kreme, Inc. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $13.28 ( 0.85%) | $13.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DNUT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.70 | 4.00 % | |
| R2 | 13.54 | 2.80 % | ||
| R1 | 13.44 | 2.05 % | ||
| Current price: | 13.17 | |||
| Support | S1 | 13.12 | -0.356 % | |
| S2 | 13.03 | -1.10 % | ||
| S3 | 12.87 | -2.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.35 | 16.55 % | |
| R2 | 15.33 | 16.40 % | ||
| R1 | 14.32 | 8.73 % | ||
| Current price | 13.17 | |||
| Support | S1 | 13.16 | -0.0759% | |
| S2 | 12.83 | -2.58% | ||
| S3 | 12.48 | -5.24% |
DNUT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Apr 23, 2024 | May 08, 2024 | $0.0350 | 0.266% |
| 2 | Jan 23, 2024 | Jan 23, 2024 | Jan 23, 2024 | $0 | 0% |
| 3 | Sep 22, 2023 | Oct 25, 2023 | Nov 09, 2023 | $0.0350 | 0.279% |
| 4 | May 10, 2023 | Jul 25, 2023 | Aug 09, 2023 | $0.0350 | 0.243% |
| 5 | Feb 08, 2023 | Apr 25, 2023 | May 10, 2023 | $0.0350 | 0.233% |
FAQ
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