Kingstone Companies Stock Forecast

Evaluation of Kingstone Companies stock downgraded after the last trading session.
(Updated on Apr 18, 2024)

KINS Signals & Forecast

There are few to no technical positive signals at the moment. The Kingstone Companies 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 $4.20 and $4.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -14.19%. 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). Kingstone Companies gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

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.

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 $0.350 between high and low, or 8.83%. For the last week, the stock has had daily average volatility of 6.12%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (KINS) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Kingstone Companies to open at $4.09, and during the day (based on 14 day Average True Range), to move between $3.72 and $4.26, which gives a possible trading interval of +/-$0.270 (+/-6.77%) up or down from last closing price. If Kingstone Companies takes out the full calculated possible swing range there will be an estimated 13.55% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $3.80 (4.76%) than the resistance at $4.44 (11.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kingstone Companies stock A Buy?

The Kingstone Companies stock holds several negative signals and despite the positive trend, we believe Kingstone Companies will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -4.742 Sell Candidate Downgraded

Predicted Opening Price for Kingstone Companies of Friday, April 19, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.