Kate Spade & Company Fund Forecast

Buy or Hold candidate since Aug 21, 2017

No changes to the price of Kate Spade & Company fund on the last trading day (Friday, 25th Aug 2017). During the last trading day the fund fluctuated 0% from a day low at $18.49 to a day high of $18.49. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

The fund is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $18.48 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Kate Spade & Company fund with a 90% probability to be traded between $18.52 and $18.58 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 funds seldom manage to go directly from the bottom of a trend up to the top. Funds turning up in the middle of a horizontal trend are therefore considered to be potential runners.

KATE Signals & Forecast

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. The Kate Spade & Company fund holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the fund. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $18.49 and $18.49. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, July 06, 2017, and so far it has fallen -0.0541%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Kate Spade & Company fund

Kate Spade & Company finds support from accumulated volume at $18.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

Our recommended stop-loss: $17.75 (-4.01%) (This fund has very low daily movements and this gives very low risk. There is a sell signal from a pivot top found 31 days ago.)

Trading Expectations (KATE) For The Upcoming Trading Day Of Monday 28th

For the upcoming trading day on Monday, 28th we expect Kate Spade & Company to open at $18.49, and during the day (based on 14 day Average True Range), to move between $18.48 and $18.50, which gives a possible trading interval of +/-$0.0141 (+/-0.08%) up or down from last closing price. If Kate Spade & Company takes out the full calculated possible swing range there will be an estimated 0.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $18.48 (0.05%) than the resistance at $18.50 (0.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kate Spade & Company fund A Buy?

Kate Spade & Company holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.312 Hold/Accumulate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on August 28, 2017 - $18.49 ( 0%).

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