National Atomic Co Kazatomprom JSC Stock Forecast
National Atomic Co Kazatomprom JSC stock price up 1.12% on Wednesday
(Updated on Jul 03, 2024)
The National Atomic Co Kazatomprom JSC stock price gained 1.12% on the last trading day (Wednesday, 3rd Jul 2024), rising from $40.25 to $40.70. During the last trading day the stock fluctuated 1.50% from a day low at $40.10 to a day high of $40.70. The price has risen in 5 of the last 10 days and is up by 2.91% over the past 2 weeks. Volume fell on the last day by -18 thousand shares and in total, 64 thousand shares were bought and sold for approximately $2.60 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 wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect National Atomic Co Kazatomprom JSC stock with a 90% probability to be traded between $36.84 and $45.54 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.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 3.43%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The National Atomic Co Kazatomprom JSC 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 $41.55. On a fall, the stock will find some support from the short-term average at $39.93. 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.
Support, Risk & Stop-loss for National Atomic Co Kazatomprom JSC stock
National Atomic Co Kazatomprom JSC finds support from accumulated volume at $40.35 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 $0.600 between high and low, or 1.50%. For the last week the stock has had daily average volatility of 1.59%.
Our recommended stop-loss: $38.79 (-4.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (KAP.L) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect National Atomic Company Kazatomprom JSC Sponsored GDR RegS to open at $40.50, and during the day (based on 14 day Average True Range), to move between $39.73 and $41.67, which gives a possible trading interval of +/-$0.97 (+/-2.38%) up or down from last closing price. If National Atomic Company Kazatomprom JSC Sponsored GDR RegS takes out the full calculated possible swing range there will be an estimated 4.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $41.05 (0.86%) than the support at $40.35 (0.86%), 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 National Atomic Company Kazatomprom JSC Sponsored GDR RegS stock A Buy?
National Atomic Co Kazatomprom JSC holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.249 Hold/Accumulate Unchanged
Predicted Opening Price for National Atomic Company Kazatomprom JSC Sponsored GDR RegS of Thursday, July 4, 2024
Fair opening price July 4, 2024 | Current price |
---|---|
$40.50 ( 0.491%) | $40.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KAP.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 41.10 | 0.98% |
R2 | 40.87 | 0.420% |
R1 | 40.73 | 0.0717% |
Price | 40.70 | |
S1 | 40.27 | -1.05% |
S2 | 40.13 | -1.40% |
S3 | 39.90 | -1.97% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 43.00 | 5.65% |
R2 | 42.05 | 3.32% |
R1 | 41.05 | 0.86% |
Price | 40.70 | |
S1 | 40.35 | -0.86% |
S2 | 40.30 | -0.98% |
S3 | 38.20 | -6.14% |
KAP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | $2.74 | 6.69% |
2 | Jul 12, 2023 | Jul 12, 2023 | Jul 12, 2023 | $1.74 | 6.59% |
3 | Jul 12, 2022 | Jul 12, 2022 | Jul 12, 2022 | $1.81 | 7.21% |
4 | Jul 12, 2021 | Jul 12, 2021 | Jul 12, 2021 | $1.36 | 5.02% |
5 | May 22, 2020 | May 22, 2020 | May 22, 2020 | $0.92 | 6.77% |
FAQ
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