Kaap Agri Limited 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
Kaap Agri Limited stock upgraded from Buy Candidate to Strong Buy Candidate after Tuesday trading session.
(Updated on Jun 18, 2024)
The Kaap Agri Limited stock price gained 1.40% on the last trading day (Tuesday, 18th Jun 2024), rising from $4,783.00 to $4,850.00. 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 3.63% from a day low at $4,680.00 to a day high of $4,850.00. The price has risen in 6 of the last 10 days and is up by 4.3% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 53 thousand more shares were traded than the day before. In total, 62 thousand shares were bought and sold for approximately $301.68 million.
The stock lies in the middle of a strong 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 21.30% during the next 3 months and, with a 90% probability hold a price between $5,512.47 and $6,038.12 at the end of this 3-month period.
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KAL.JO Signals & Forecast
The Kaap Agri Limited 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 $4,674.86 and $4,554.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 7.78%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Kaap Agri Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $4,380.00 and $4,360.00. 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, Kaap Agri Limited finds support just below today's level at $4,380.00. If this is broken, then the next support from accumulated volume will be at $4,360.00 and $4,000.00.
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 $170.00 between high and low, or 3.63%. For the last week the stock has had daily average volatility of 4.45%.
Our recommended stop-loss: $4,624.21 (-4.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (KAL.JO) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect Kaap Agri Limited to open at $4,793.33, and during the day (based on 14 day Average True Range), to move between $4,688.36 and $5,011.64, which gives a possible trading interval of +/-$161.64 (+/-3.33%) up or down from last closing price. If Kaap Agri Limited takes out the full calculated possible swing range there will be an estimated 6.67% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $4,380.00, some $470.00 (9.69%) from the current price of $4,850.00, our system finds the risk reward attractive.
Is Kaap Agri Limited stock A Buy?
Kaap Agri Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.734 Strong Buy Candidate Upgraded
Predicted Opening Price for Kaap Agri Limited of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| $4,793.33 ( 1.17%) | $4,850.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KAL.JO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,963.33 | 2.34% |
| R2 | 4,898.39 | 1.00% |
| R1 | 4,858.27 | 0.171% |
| Price | 4,850.00 | |
| S1 | 4,728.39 | -2.51% |
| S2 | 4,688.27 | -3.33% |
| S3 | 4,623.33 | -4.67% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 4,850.00 | |
| S1 | 4,380.00 | -9.69% |
| S2 | 4,360.00 | -10.10% |
| S3 | 4,000.00 | -17.53% |
KAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jun 10, 2024 | $54.00 | 1.17% |
| 2 | Feb 14, 2024 | Feb 14, 2024 | Feb 14, 2024 | $130.00 | 3.08% |
| 3 | Jun 07, 2023 | Jun 07, 2023 | Jun 07, 2023 | $50.00 | 1.34% |
| 4 | Feb 15, 2023 | Feb 15, 2023 | Feb 15, 2023 | $122.00 | 2.93% |
| 5 | Jun 08, 2022 | Jun 08, 2022 | Jun 08, 2022 | $46.00 | 1.04% |
FAQ
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