Ke Holdings Inc Stock Forecast
On Friday, Ke Holdings Inc stock price gained an impressive 7.39%
(Updated on Apr 26, 2024)
The Ke Holdings Inc stock price gained 7.39% on the last trading day (Friday, 26th Apr 2024), rising from $13.81 to $14.83. It has now gained 5 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 5.30% from a day low at $14.15 to a day high of $14.90. The price has been going up and down for this period, and there has been a 12.69% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 million more shares were traded than the day before. In total, 26 million shares were bought and sold for approximately $382.92 million.
The stock has broken the wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $14.52 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $16.59 sometime during the next 3 months.
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BEKE Signals & Forecast
The Ke Holdings Inc 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 $13.48 and $13.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 17.89%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Ke Holdings Inc stock
Ke Holdings Inc finds support from accumulated volume at $14.50 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 $0.750 between high and low, or 5.30%. For the last week, the stock has had daily average volatility of 4.21%.
Our recommended stop-loss: $14.26 (-3.86%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (BEKE) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Ke Holdings Inc to open at $14.63, and during the day (based on 14 day Average True Range), to move between $14.32 and $15.34, which gives a possible trading interval of +/-$0.511 (+/-3.45%) up or down from last closing price. If Ke Holdings Inc takes out the full calculated possible swing range there will be an estimated 6.89% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $14.50, some $0.330 (2.23%) from the current price of $14.83, our system finds the risk reward attractive.
Is Ke Holdings Inc stock A Buy?
Ke Holdings Inc 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. 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 Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Ke Holdings Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $14.63 ( 1.37%) | $14.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BEKE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.38 | 3.69 % | |
| R2 | 15.09 | 1.75 % | ||
| R1 | 14.91 | 0.561 % | ||
| Current price: | 14.83 | |||
| Support | S1 | 14.34 | -3.30 % | |
| S2 | 14.16 | -4.50 % | ||
| S3 | 13.88 | -6.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 14.83 | |||
| Support | S1 | 14.50 | -2.23% | |
| S2 | 14.11 | -4.86% | ||
| S3 | 13.73 | -7.42% |
BEKE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Apr 04, 2024 | Apr 24, 2024 | $0.350 | 2.55% |
| 2 | Sep 05, 2023 | Sep 14, 2023 | Oct 03, 2023 | $0.171 | 1.11% |
FAQ
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