Kimball Electronics Stock Forecast
Kimball Electronics stock price ended at $20.78 on Friday, after losing 0.717%.
(Updated on Apr 19, 2024)
The Kimball Electronics stock price fell by -0.717% on the last day (Friday, 19th Apr 2024) from $20.93 to $20.78. During the last trading day the stock fluctuated 1.79% from a day low at $20.65 to a day high of $21.02. The price has fallen in 5 of the last 10 days and is down by -1.61% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -30 thousand shares and in total, 71 thousand shares were bought and sold for approximately $1.48 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $20.75, a level that may pose a second chance to hit a runner. According to fan-theory $24.14 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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KE Signals & Forecast
There are few to no technical positive signals at the moment. 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 $20.78 and $21.13. 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 -7.69%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
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 therefore the general risk is considered very 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 $0.370 between high and low, or 1.79%. For the last week the stock has had daily average volatility of 2.23%
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 22nd
For the upcoming trading day on Monday, 22nd we expect Kimball Electronics to open at $20.82, and during the day (based on 14 day Average True Range), to move between $20.28 and $21.28, which gives a possible trading interval of +/-$0.501 (+/-2.41%) up or down from last closing price. If Kimball Electronics takes out the full calculated possible swing range there will be an estimated 4.82% 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 (0.14%) than the resistance at $21.47 (3.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: -3.379 Sell Candidate Unchanged
Predicted Opening Price for Kimball Electronics of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $20.82 ( 0.176%) | $20.78 |
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 | 1.96 % | |
| R2 | 21.05 | 1.28 % | ||
| R1 | 20.96 | 0.86 % | ||
| Current price: | 20.78 | |||
| Support | S1 | 20.68 | -0.504 % | |
| S2 | 20.59 | -0.92 % | ||
| S3 | 20.45 | -1.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.51 | 8.33 % | |
| R2 | 21.65 | 4.19 % | ||
| R1 | 21.47 | 3.32 % | ||
| Current price | 20.78 | |||
| Support | S1 | 20.75 | -0.144% | |
| S2 | 20.33 | -2.17% | ||
| S3 | 20.18 | -2.89% |
FAQ
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