Kearny Financial Stock Forecast
Kearny Financial stock price down 1.40% on Friday
(Updated on May 10, 2024)
The Kearny Financial stock price fell by -1.40% on the last day (Friday, 10th May 2024) from $5.72 to $5.64. During the last trading day the stock fluctuated 3.24% from a day low at $5.55 to a day high of $5.73. The price has been going up and down for this period, and there has been a -1.4% loss for the last 2 weeks. 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 -202 thousand shares and in total, 268 thousand shares were bought and sold for approximately $1.51 million.
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 -14.89% during the next 3 months and, with a 90% probability hold a price between $4.48 and $5.05 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 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 $5.67 and $5.85. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 4.44%. 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).
Support, Risk & Stop-loss for Kearny Financial stock
Kearny Financial finds support from accumulated volume at $5.62 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 $0.180 between high and low, or 3.24%. For the last week, the stock has had daily average volatility of 2.99%.
Our recommended stop-loss: $5.36 (-5.03%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (KRNY) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Kearny Financial to open at $5.64, and during the day (based on 14 day Average True Range), to move between $5.43 and $5.85, which gives a possible trading interval of +/-$0.215 (+/-3.81%) up or down from last closing price. If Kearny Financial takes out the full calculated possible swing range there will be an estimated 7.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.62 (0.35%) than the resistance at $5.81 (3.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: -0.676 Hold/Accumulate Unchanged
Predicted Opening Price for Kearny Financial of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $5.64 ( 0.00000000%) | $5.64 |
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 | 5.82 | 3.19 % | |
| R2 | 5.75 | 1.97 % | ||
| R1 | 5.71 | 1.22 % | ||
| Current price: | 5.64 | |||
| Support | S1 | 5.57 | -1.22 % | |
| S2 | 5.53 | -1.97 % | ||
| S3 | 5.46 | -3.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.26 | 10.99 % | |
| R2 | 6.16 | 9.22 % | ||
| R1 | 5.81 | 3.01 % | ||
| Current price | 5.64 | |||
| Support | S1 | 5.62 | -0.355% | |
| S2 | 5.54 | -1.77% | ||
| S3 | 5.53 | -1.95% |
KRNY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 07, 2024 | May 07, 2024 | $0 | 0% |
| 2 | Jan 24, 2024 | Feb 06, 2024 | Feb 21, 2024 | $0.110 | 1.66% |
| 3 | Oct 26, 2023 | Nov 07, 2023 | Nov 22, 2023 | $0.110 | 1.39% |
| 4 | Jul 26, 2023 | Aug 08, 2023 | Aug 23, 2023 | $0.110 | 1.46% |
| 5 | Apr 26, 2023 | May 09, 2023 | May 24, 2023 | $0.110 | 1.54% |
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