Evergy 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
Weaker technical forecast for Evergy Inc. as stock downgraded to Hold/Accumulate.
(Updated on May 08, 2024)
The Evergy Inc. stock price gained 0.220% on the last trading day (Wednesday, 8th May 2024), rising from $54.45 to $54.57. During the last trading day the stock fluctuated 1.03% from a day low at $54.14 to a day high of $54.70. The price has risen in 6 of the last 10 days and is up by 3.98% over the past 2 weeks. Volume fell on the last day by -290 thousand shares and in total, 2 million shares were bought and sold for approximately $82.18 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 in the upper part of a weak rising 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 $55.06 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.11% during the next 3 months and, with a 90% probability hold a price between $54.11 and $58.98 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.
EVRG Signals & Forecast
The Evergy Inc. 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 $53.72 and $52.30. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 10.11%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The stock had a Golden Star Signal on Monday, March 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, December 27, 2023.
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 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, December 27, 2023.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 12 Months
The stock had a Golden Star Signal on Monday, March 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, December 27, 2023.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
On the downside, the stock finds support just below today's level from accumulated volume at $51.63 and $49.54. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Evergy Inc. finds support just below today's level at $51.63. If this is broken, then the next support from accumulated volume will be at $49.54 and $49.19.
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 $0.555 (1.03%) between high and low. For the last week, the stock has had daily average volatility of 1.31%.
The Evergy Inc. stock is overbought on RSI14 and the RSI has been falling for the last couple of days. This together with the fact that the stock is in the upper part of the trend poses a possible good selling opportunity for the short-term trader. However, one should note that some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $52.34 (-4.09%) (This stock has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (EVRG) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Evergy Inc. to open at $54.47, and during the day (based on 14 day Average True Range), to move between $53.69 and $55.45, which gives a possible trading interval of +/-$0.88 (+/-1.61%) up or down from last closing price. If Evergy Inc. takes out the full calculated possible swing range there will be an estimated 3.21% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $51.63, some $2.94 (5.39%) from the current price of $54.57, our system finds the risk reward attractive.
Earnings coming up
Evergy Inc. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.750. We will update the financials statements for Evergy Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.07% in the first trading day after earnings release.
Is Evergy Inc. stock A Buy?
Evergy 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 Strong 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 Evergy Inc. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $54.47 ( 0.186%) | $54.57 |
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 | 55.02 | 0.83 % | |
| R2 | 54.81 | 0.442 % | ||
| R1 | 54.68 | 0.202 % | ||
| Current price: | 54.57 | |||
| Support | S1 | 54.26 | -0.575 % | |
| S2 | 54.13 | -0.81 % | ||
| S3 | 53.91 | -1.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 54.57 | |||
| Support | S1 | 51.63 | -5.39% | |
| S2 | 49.54 | -9.22% | ||
| S3 | 49.19 | -9.86% |
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
Click here for our free guide on how to buy Evergy Inc. Stock.
