KAP Industrial Holdings Limited Stock Forecast
KAP Industrial Holdings Limited stock price ended at $290.00 on Tuesday, after losing 1.69%.
(Updated on Jun 25, 2024)
The KAP Industrial Holdings Limited stock price fell by -1.69% on the last day (Tuesday, 25th Jun 2024) from $295.00 to $290.00. During the last trading day the stock fluctuated 5.26% from a day low at $285.00 to a day high of $300.00. The price has been going up and down for this period, and there has been a 16.47% gain for the last 2 weeks. Volume has increased on the last day by 952 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $682.11 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect KAP Industrial Holdings Limited stock with a 90% probability to be traded between $241.11 and $314.41 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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KAP.JO Signals & Forecast
The KAP Industrial Holdings Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $291.29. On a fall, the stock will find some support from the long-term average at approximately $262.89. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -6.45%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for KAP Industrial Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $265.00 and $263.00. 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, KAP Industrial Holdings Limited finds support just below today's level at $265.00. If this is broken, then the next support from accumulated volume will be at $263.00 and $262.00.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $15.00 between high and low, or 5.26%. For the last week, the stock has had daily average volatility of 8.18%.
Our recommended stop-loss: $279.18 (-3.73%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (KAP.JO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect KAP Industrial Holdings Limited to open at $291.67, and during the day (based on 14 day Average True Range), to move between $274.56 and $305.44, which gives a possible trading interval of +/-$15.44 (+/-5.32%) up or down from last closing price. If KAP Industrial Holdings Limited takes out the full calculated possible swing range there will be an estimated 10.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $293.00 (1.03%) than the support at $265.00 (8.62%), 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 KAP Industrial Holdings Limited 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 KAP Industrial Holdings Limited stock to perform well in the short-term period.
Current score: 2.116 Buy Candidate Unchanged
Predicted Opening Price for KAP Industrial Holdings Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $291.67 ( 0.575%) | $290.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KAP.JO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 306.67 | 5.75% |
| R2 | 300.94 | 3.77% |
| R1 | 297.40 | 2.55% |
| Price | 290.00 | |
| S1 | 285.94 | -1.40% |
| S2 | 282.40 | -2.62% |
| S3 | 276.67 | -4.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 310.00 | 6.90% |
| R2 | 297.00 | 2.41% |
| R1 | 293.00 | 1.03% |
| Price | 290.00 | |
| S1 | 265.00 | -8.62% |
| S2 | 263.00 | -9.31% |
| S3 | 262.00 | -9.66% |
KAP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 21, 2022 | Sep 21, 2022 | Sep 21, 2022 | $29.00 | 7.20% |
| 2 | Sep 15, 2021 | Sep 15, 2021 | Sep 15, 2021 | $15.00 | 3.45% |
| 3 | Sep 18, 2019 | Sep 18, 2019 | Sep 18, 2019 | $23.00 | 4.42% |
| 4 | Sep 19, 2018 | Sep 19, 2018 | Sep 19, 2018 | $23.00 | 3.11% |
| 5 | Sep 20, 2017 | Sep 20, 2017 | Sep 20, 2017 | $21.00 | 2.53% |
FAQ
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