FS KKR Capital Corp. Stock Forecast
FS KKR Capital Corp. stock downgraded to Sell Candidate
(Updated on May 03, 2024)
The FS KKR Capital Corp. stock price gained 0.628% on the last trading day (Friday, 3rd May 2024), rising from $19.10 to $19.22. During the last trading day the stock fluctuated 0.785% from a day low at $19.10 to a day high of $19.25. The price has risen in 5 of the last 10 days but is still down by -0.88% for this period. Volume fell on the last day by -100 thousand shares and in total, 861 thousand shares were bought and sold for approximately $16.56 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $19.35 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 -4.24% during the next 3 months and, with a 90% probability hold a price between $17.12 and $18.53 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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FSK Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -1.18%. 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). The FS KKR Capital Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $19.20 and $19.04. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for FS KKR Capital Corp. stock
FS KKR Capital Corp. finds support from accumulated volume at $18.82 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 $0.150 between high and low, or 0.785%. For the last week the stock has had daily average volatility of 1.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FSK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect FS KKR Capital Corp. to open at $19.19, and during the day (based on 14 day Average True Range), to move between $18.99 and $19.45, which gives a possible trading interval of +/-$0.227 (+/-1.18%) up or down from last closing price. If FS KKR Capital Corp. takes out the full calculated possible swing range there will be an estimated 2.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.23 (0.05%) than the support at $18.82 (2.08%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
FS KKR Capital Corp. will release earnings AMC on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.710. We will update the financials statements for FS KKR Capital Corp., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.64% in the first trading day after earnings release.
Is FS KKR Capital Corp. stock A Buy?
FS KKR Capital Corp. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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 Hold/Accumulate to a Sell candidate.
Current score: -1.543 Sell Candidate Downgraded
Predicted Opening Price for FS KKR Capital Corp. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $19.19 ( 0.156%) | $19.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FSK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.34 | 0.624 % | |
| R2 | 19.28 | 0.326 % | ||
| R1 | 19.25 | 0.142 % | ||
| Current price: | 19.22 | |||
| Support | S1 | 19.13 | -0.454 % | |
| S2 | 19.10 | -0.638 % | ||
| S3 | 19.04 | -0.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.20 | 5.10 % | |
| R2 | 20.07 | 4.42 % | ||
| R1 | 19.23 | 0.0520 % | ||
| Current price | 19.22 | |||
| Support | S1 | 18.82 | -2.08% | |
| S2 | 18.68 | -2.81% | ||
| S3 | 18.54 | -3.54% |
FSK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | May 29, 2024 | $0.0500 | 0.260% |
| 2 | Feb 26, 2024 | Mar 12, 2024 | Apr 02, 2024 | $0.700 | 3.66% |
| 3 | Nov 06, 2023 | Feb 13, 2024 | Feb 28, 2024 | $0.0500 | 0.270% |
| 4 | Nov 06, 2023 | Dec 12, 2023 | Jan 03, 2024 | $0.0600 | 0.296% |
| 5 | May 05, 2023 | Nov 14, 2023 | Nov 29, 2023 | $0.0500 | 0.253% |
FAQ
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