Kellanova Stock Forecast

Buy candidate since Dec 06, 2024 Loss -0.05%

The Kellanova stock price gained 0.0372% on the last trading day (Thursday, 12th Dec 2024), rising from $80.67 to $80.70. It has now gained 3 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 0.236% from a day low at $80.65 to a day high of $80.84. The price has been going up and down for this period, and there has been a -0.57% loss for the last 2 weeks. Volume fell on the last day by -69 thousand shares and in total, 1 million shares were bought and sold for approximately $95.21 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 is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Kellanova stock with a 90% probability to be traded between $80.69 and $81.51 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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K Signals & Forecast

There are mixed signals in the stock today. The Kellanova stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $80.82. On a fall, the stock will find some support from the short-term average at $80.66. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, December 04, 2024, and so far it has risen 0.261%. Further rise is indicated until a new top pivot has been found. 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.

Support, Risk & Stop-loss for Kellanova stock

Kellanova finds support from accumulated volume at $80.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.190 between high and low, or 0.236%. For the last week the stock has had daily average volatility of 0.295%.

Our recommended stop-loss: $76.18 (-5.61%) (This stock has very low daily movements and this gives very low risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (K) For The Upcoming Trading Day Of Friday 13th

For the upcoming trading day on Friday, 13th we expect Kellanova to open at $80.73, and during the day (based on 14 day Average True Range), to move between $80.41 and $80.99, which gives a possible trading interval of +/-$0.294 (+/-0.36%) up or down from last closing price. If Kellanova takes out the full calculated possible swing range there will be an estimated 0.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $80.65 (0.06%) than the resistance at $80.97 (0.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kellanova stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Kellanova stock to perform well in the short-term period.

Current score: 1.191 Buy Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on December 13, 2024 - $80.73 ( 0.0372%).