Krispy Kreme, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Krispy Kreme, Inc. stock price after Wednesday trading.
(Updated on May 01, 2024)
The Krispy Kreme, Inc. stock price fell by -1.26% on the last day (Wednesday, 1st May 2024) from $12.65 to $12.49. During the last trading day the stock fluctuated 1.93% from a day low at $12.42 to a day high of $12.66. The price has fallen in 8 of the last 10 days and is down by -9.3% for this period. Volume has increased on the last day by 164 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, 2 million shares were bought and sold for approximately $20.89 million.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $12.20 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.45% during the next 3 months and, with a 90% probability hold a price between $12.87 and $18.69 at the end of this 3-month period.
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DNUT Signals & Forecast
There are few to no technical positive signals at the moment. The Krispy Kreme, Inc. 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 $12.92 and $13.64. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -28.01%. 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). 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 Krispy Kreme, Inc. stock
Krispy Kreme, Inc. finds support from accumulated volume at $12.48 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 $0.240 between high and low, or 1.93%. For the last week, the stock has had daily average volatility of 2.06%.
Krispy Kreme, Inc. is oversold on RSI14 (4). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: $11.75 (-5.92%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 4 which reduces the risk some. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (DNUT) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Krispy Kreme, Inc. to open at $12.52, and during the day (based on 14 day Average True Range), to move between $11.96 and $13.02, which gives a possible trading interval of +/-$0.529 (+/-4.24%) up or down from last closing price. If Krispy Kreme, Inc. takes out the full calculated possible swing range there will be an estimated 8.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.48 (0.08%) than the resistance at $14.32 (14.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Krispy Kreme, Inc. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0700. We will update the financials statements for Krispy Kreme, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.40% in the first trading day after earnings release.
Is Krispy Kreme, Inc. stock A Buy?
Krispy Kreme, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.877 Hold/Accumulate Upgraded
Predicted Opening Price for Krispy Kreme, Inc. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $12.52 ( 0.267%) | $12.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DNUT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.76 | 2.19 % | |
| R2 | 12.67 | 1.45 % | ||
| R1 | 12.62 | 1.00 % | ||
| Current price: | 12.49 | |||
| Support | S1 | 12.43 | -0.467 % | |
| S2 | 12.38 | -0.92 % | ||
| S3 | 12.28 | -1.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.35 | 22.90 % | |
| R2 | 15.33 | 22.74 % | ||
| R1 | 14.32 | 14.65 % | ||
| Current price | 12.49 | |||
| Support | S1 | 12.48 | -0.0801% | |
| S2 | 12.45 | -0.320% | ||
| S3 | 11.97 | -4.16% |
DNUT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 24, 2024 | Jul 24, 2024 | Aug 07, 2024 | $0.0350 | 0.280% |
| 2 | Feb 08, 2024 | Apr 23, 2024 | May 08, 2024 | $0.0350 | 0.280% |
| 3 | Jan 23, 2024 | Jan 23, 2024 | Jan 23, 2024 | $0 | 0% |
| 4 | Sep 22, 2023 | Oct 25, 2023 | Nov 09, 2023 | $0.0350 | 0.279% |
| 5 | May 10, 2023 | Jul 25, 2023 | Aug 09, 2023 | $0.0350 | 0.243% |
FAQ
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