Kanzhun Limited Stock Forecast
Kanzhun Limited stock price down 0.686% on Monday
(Updated on May 06, 2024)
The Kanzhun Limited stock price fell by -0.686% on the last day (Monday, 6th May 2024) from $20.40 to $20.26. During the last trading day the stock fluctuated 3.65% from a day low at $20.01 to a day high of $20.74. The price has risen in 7 of the last 10 days and is up by 10.83% over the past 2 weeks. Volume has increased on the last day by 589 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 million shares were bought and sold for approximately $96.38 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 29.90% during the next 3 months and, with a 90% probability hold a price between $24.48 and $31.53 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BZ Signals & Forecast
The Kanzhun Limited 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 $20.08 and $18.99. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -2.55%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Kanzhun Limited stock
Kanzhun Limited finds support from accumulated volume at $19.60 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 $0.730 between high and low, or 3.65%. For the last week, the stock has had daily average volatility of 3.19%.
Our recommended stop-loss: $19.57 (-3.42%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 75 and this increases the risk substantially. There is a sell signal from a pivot top found 38 days ago.)
Trading Expectations (BZ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Kanzhun Limited to open at $20.34, and during the day (based on 14 day Average True Range), to move between $19.58 and $20.94, which gives a possible trading interval of +/-$0.677 (+/-3.34%) up or down from last closing price. If Kanzhun Limited takes out the full calculated possible swing range there will be an estimated 6.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.40 (0.69%) than the support at $19.60 (3.26%), 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.
Is Kanzhun Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Kanzhun Limited stock to perform well in the short-term.
Current score: 1.995 Buy Candidate Unchanged
Predicted Opening Price for Kanzhun Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $20.34 ( 0.378%) | $20.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.07 | 3.98 % | |
| R2 | 20.79 | 2.61 % | ||
| R1 | 20.62 | 1.75 % | ||
| Current price: | 20.26 | |||
| Support | S1 | 20.06 | -1.00 % | |
| S2 | 19.89 | -1.85 % | ||
| S3 | 19.61 | -3.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.79 | 2.62 % | |
| R2 | 20.69 | 2.12 % | ||
| R1 | 20.40 | 0.691 % | ||
| Current price | 20.26 | |||
| Support | S1 | 19.60 | -3.26% | |
| S2 | 19.24 | -5.03% | ||
| S3 | 19.12 | -5.63% |
BZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 14, 2023 | Dec 04, 2023 | Dec 21, 2023 | $0.180 | 1.13% |
FAQ
Click here for our free guide on how to buy Kanzhun Limited Stock.
