Evergy Inc. Stock Forecast
Evaluation of Evergy Inc. stock downgraded after the last trading session.
(Updated on Apr 26, 2024)
The Evergy Inc. stock price fell by -1.39% on the last day (Friday, 26th Apr 2024) from $52.42 to $51.69. During the last trading day the stock fluctuated 1.70% from a day low at $51.69 to a day high of $52.57. The price has been going up and down for this period, and there has been a 1.45% gain 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 -502 thousand shares and in total, 1 million shares were bought and sold for approximately $58.83 million.
The stock lies in the middle of a weak 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 5.04% during the next 3 months and, with a 90% probability hold a price between $52.41 and $56.95 at the end of this 3-month period.
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EVRG Signals & Forecast
There are few to no technical positive signals at the moment. The Evergy Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $51.97 and $51.83. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -1.51%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Monday, March 04, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, March 04, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Evergy Inc. stock
Evergy Inc. finds support from accumulated volume at $51.63 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.88 (1.70%) between high and low. For the last week, the stock has had daily average volatility of 1.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EVRG) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Evergy Inc. to open at $51.98, and during the day (based on 14 day Average True Range), to move between $50.76 and $52.62, which gives a possible trading interval of +/-$0.93 (+/-1.81%) up or down from last closing price. If Evergy Inc. takes out the full calculated possible swing range there will be an estimated 3.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $51.63 (0.12%) than the resistance at $51.75 (0.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Evergy Inc. stock A Buy?
The Evergy Inc. stock holds several negative signals and despite the positive trend, we believe Evergy Inc. will perform weakly in the next couple of days or weeks. Therefore, we 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: -1.296 Sell Candidate Downgraded
Predicted Opening Price for Evergy Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $51.98 ( 0.561%) | $51.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVRG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.86 | 2.26 % | |
| R2 | 52.52 | 1.61 % | ||
| R1 | 52.32 | 1.21 % | ||
| Current price: | 51.69 | |||
| Support | S1 | 51.64 | -0.0893 % | |
| S2 | 51.44 | -0.491 % | ||
| S3 | 51.10 | -1.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.20 | 0.99 % | |
| R2 | 51.76 | 0.135 % | ||
| R1 | 51.75 | 0.116 % | ||
| Current price | 51.69 | |||
| Support | S1 | 51.63 | -0.116% | |
| S2 | 50.77 | -1.78% | ||
| S3 | 49.19 | -4.84% |
EVRG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2024 | Mar 08, 2024 | Mar 22, 2024 | $0.643 | 1.24% |
| 2 | Oct 31, 2023 | Nov 21, 2023 | Dec 20, 2023 | $0.643 | 1.26% |
| 3 | Aug 04, 2023 | Aug 21, 2023 | Sep 20, 2023 | $0.613 | 1.13% |
| 4 | Aug 04, 2023 | Aug 18, 2023 | Sep 20, 2023 | $0.613 | 1.13% |
| 5 | May 02, 2023 | May 18, 2023 | Jun 20, 2023 | $0.613 | 1.04% |
FAQ
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