Kaman Corporation Stock Forecast
Kaman Corporation stock price ended at $45.87 on Thursday, after gaining 0.0218%.
(Updated on Mar 28, 2024)
The Kaman Corporation stock price gained 0.0218% on the last trading day (Thursday, 28th Mar 2024), rising from $45.86 to $45.87. During the last trading day the stock fluctuated 0.153% from a day low at $45.81 to a day high of $45.88. The price has risen in 6 of the last 10 days but is still down by -0.04% for this period. Volume fell on the last day by -31 thousand shares and in total, 185 thousand shares were bought and sold for approximately $8.47 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 middle of a very wide and 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 69.90% during the next 3 months and, with a 90% probability hold a price between $68.91 and $93.20 at the end of this 3-month period.
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KAMN Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -0.0871%. 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). The Kaman Corporation 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 $45.80 and $45.63. A breakdown below any of these levels will issue sell signals. 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 Kaman Corporation stock
Kaman Corporation finds support from accumulated volume at $45.06 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 $0.0700 between high and low, or 0.153%. For the last week the stock has had daily average volatility of 0.142%.
Our recommended stop-loss: $43.26 (-5.70%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (KAMN) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Kaman Corporation to open at $45.85, and during the day (based on 14 day Average True Range), to move between $45.69 and $46.05, which gives a possible trading interval of +/-$0.184 (+/-0.40%) up or down from last closing price. If Kaman Corporation takes out the full calculated possible swing range there will be an estimated 0.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $45.89 (0.04%) than the support at $45.06 (1.77%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Kaman Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Kaman Corporation stock to perform well in the short-term.
Current score: 3.653 Buy Candidate Unchanged
Predicted Opening Price for Kaman Corporation of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$45.85 ( 0.0363%) | $45.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KAMN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 45.92 | 0.116 % | |
R2 | 45.90 | 0.0580 % | ||
R1 | 45.88 | 0.0220 % | ||
Current price: | 45.87 | |||
Support | S1 | 45.83 | -0.0946 % | |
S2 | 45.81 | -0.131 % | ||
S3 | 45.78 | -0.189 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 45.91 | 0.0872 % | |
R2 | 45.90 | 0.0654 % | ||
R1 | 45.89 | 0.0436 % | ||
Current price | 45.87 | |||
Support | S1 | 45.06 | -1.77% | |
S2 | 45.05 | -1.79% | ||
S3 | 45.00 | -1.90% |
KAMN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 21, 2024 | Mar 18, 2024 | Apr 11, 2024 | $0.200 | 0.436% |
2 | Dec 18, 2023 | Dec 18, 2023 | Jan 11, 2024 | $0.200 | 0.87% |
3 | Aug 09, 2023 | Sep 18, 2023 | Oct 12, 2023 | $0.200 | 1.02% |
4 | Jun 07, 2023 | Jun 16, 2023 | Jul 13, 2023 | $0.200 | 0.82% |
5 | Feb 22, 2023 | Mar 20, 2023 | Apr 13, 2023 | $0.200 | 0.88% |
FAQ
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