Keppel REIT Stock Forecast
Keppel REIT stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 03, 2024)
The Keppel REIT stock price fell by -1.70% on the last day (Friday, 3rd May 2024) from S$0.88 to S$0.87. During the last trading day the stock fluctuated 2.91% from a day low at S$0.86 to a day high of S$0.89. The price has risen in 6 of the last 10 days and is up by 2.37% over the past 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 -641 thousand shares and in total, 5 million shares were bought and sold for approximately S$4.69 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Keppel REIT stock with a 90% probability to be traded between S$0.82 and S$0.87 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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K71U.SI Signals & Forecast
There are few to no technical positive signals at the moment. The Keppel REIT 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 S$0.87 and S$0.87. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -1.70%. 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.
Support, Risk & Stop-loss for Keppel REIT stock
Keppel REIT finds support from accumulated volume at S$0.86 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 S$0.0250 between high and low, or 2.91%. For the last week the stock has had daily average volatility of 1.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (K71U.SI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Keppel REIT to open at S$0.87, and during the day (based on 14 day Average True Range), to move between S$0.85 and S$0.88, which gives a possible trading interval of +/-S$0.0144 (+/-1.66%) up or down from last closing price. If Keppel REIT takes out the full calculated possible swing range there will be an estimated 3.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at S$0.86 (0.58%) than the resistance at S$0.88 (1.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Keppel REIT stock A Buy?
Keppel REIT holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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: -4.864 Sell Candidate Downgraded
Predicted Opening Price for Keppel REIT of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| S$0.87 ( 0.578%) | S$0.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for K71U.SI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.90 | 3.47 % | |
| R2 | 0.89 | 2.36 % | ||
| R1 | 0.88 | 1.68 % | ||
| Current price: | 0.87 | |||
| Support | S1 | 0.86 | -0.526 % | |
| S2 | 0.85 | -1.21 % | ||
| S3 | 0.85 | -2.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.90 | 3.47 % | |
| R2 | 0.89 | 2.31 % | ||
| R1 | 0.88 | 1.73 % | ||
| Current price | 0.87 | |||
| Support | S1 | 0.86 | -0.578% | |
| S2 | 0.86 | -1.16% | ||
| S3 | 0.85 | -1.73% |
K71U Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 06, 2024 | Feb 06, 2024 | Mar 15, 2024 | S$0.0290 | 3.39% |
| 2 | Aug 01, 2023 | Aug 01, 2023 | Aug 01, 2023 | S$0.0290 | 3.28% |
| 3 | Feb 03, 2023 | Feb 03, 2023 | Feb 03, 2023 | S$0.0295 | 3.03% |
| 4 | Aug 02, 2022 | Aug 02, 2022 | Aug 02, 2022 | S$0.0297 | 2.75% |
| 5 | Feb 03, 2022 | Feb 03, 2022 | Feb 03, 2022 | S$0.0288 | 2.59% |
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