Quaker Chemical Corporation Stock Forecast
Stronger technical forecast for Quaker Chemical Corporation stock price after Friday trading.
(Updated on May 17, 2024)
The Quaker Chemical Corporation stock price gained 2.23% on the last trading day (Friday, 17th May 2024), rising from $190.47 to $194.71. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.65% from a day low at $190.77 to a day high of $195.82. The price has risen in 6 of the last 10 days and is up by 4.93% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 31 thousand more shares were traded than the day before. In total, 107 thousand shares were bought and sold for approximately $20.83 million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $197.81 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.76% during the next 3 months and, with a 90% probability hold a price between $167.95 and $182.47 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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KWR Signals & Forecast
Mostly positive signals in the chart today. The Quaker Chemical Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $187.45 and $191.21. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 6.32%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Thursday, June 29, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, June 29, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Quaker Chemical Corporation stock
Quaker Chemical Corporation finds support from accumulated volume at $192.06 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $5.06 between high and low, or 2.65%. For the last week the stock has had daily average volatility of 2.29%.
Our recommended stop-loss: $187.12 (-3.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (KWR) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Quaker Chemical Corporation to open at $193.77, and during the day (based on 14 day Average True Range), to move between $190.13 and $199.29, which gives a possible trading interval of +/-$4.58 (+/-2.35%) up or down from last closing price. If Quaker Chemical Corporation takes out the full calculated possible swing range there will be an estimated 4.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $192.06 (1.36%) than the resistance at $199.86 (2.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Quaker Chemical Corporation stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.465 Buy Candidate Upgraded
Predicted Opening Price for Quaker Chemical Corporation of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $193.77 ( 0.485%) | $194.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KWR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 198.82 | 2.11 % | |
| R2 | 196.89 | 1.12 % | ||
| R1 | 195.70 | 0.506 % | ||
| Current price: | 194.71 | |||
| Support | S1 | 191.83 | -1.48 % | |
| S2 | 190.64 | -2.09 % | ||
| S3 | 188.71 | -3.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 202.06 | 3.77 % | |
| R2 | 200.50 | 2.97 % | ||
| R1 | 199.86 | 2.64 % | ||
| Current price | 194.71 | |||
| Support | S1 | 192.06 | -1.36% | |
| S2 | 185.56 | -4.70% | ||
| S3 | 185.21 | -4.88% |
KWR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | Jul 17, 2024 | Jul 31, 2024 | $0.455 | 0.234% |
| 2 | Feb 28, 2024 | Apr 15, 2024 | Apr 30, 2024 | $0.455 | 0.244% |
| 3 | Nov 15, 2023 | Jan 17, 2024 | Jan 31, 2024 | $0.455 | 0.240% |
| 4 | Nov 15, 2023 | Jan 16, 2024 | Jan 31, 2024 | $0.455 | 0.240% |
| 5 | Jul 26, 2023 | Oct 16, 2023 | Oct 31, 2023 | $0.455 | 0.317% |
FAQ
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