KBC Group SA NV Stock Forecast
KBC Group SA NV stock price up 0.486% on Friday
(Updated on May 10, 2024)
The KBC Group SA NV stock price gained 0.486% on the last trading day (Friday, 10th May 2024), rising from $38.34 to $38.53. During the last trading day the stock fluctuated 0.744% from a day low at $38.30 to a day high of $38.59. The price has risen in 9 of the last 10 days and is up by 4.18% 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, 2 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately $559.25 thousand.
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 10.03% during the next 3 months and, with a 90% probability hold a price between $40.65 and $43.24 at the end of this 3-month period.
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KBCSY Signals & Forecast
Mostly positive signals in the chart today. The KBC Group SA NV 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 $38.04 and $37.38. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 7.29%. 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). KBC Group SA NV has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for KBC Group SA NV stock
KBC Group SA NV finds support from accumulated volume at $37.27 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 $0.285 between high and low, or 0.744%. For the last week the stock has had daily average volatility of 0.723%.
Our recommended stop-loss: $36.40 (-5.53%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (KBCSY) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect KBC Group SA NV to open at $38.47, and during the day (based on 14 day Average True Range), to move between $38.04 and $39.01, which gives a possible trading interval of +/-$0.481 (+/-1.25%) up or down from last closing price. If KBC Group SA NV takes out the full calculated possible swing range there will be an estimated 2.50% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $37.27, some $1.26 (3.26%) from the current price of $38.53, our system finds the risk reward attractive.
Is KBC Group SA NV stock A Buy?
KBC Group SA NV 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.
Current score: 5.580 Strong Buy Candidate Unchanged
Predicted Opening Price for KBC Group SA NV of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $38.47 ( 0.145%) | $38.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KBCSY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.76 | 0.595 % | |
| R2 | 38.65 | 0.312 % | ||
| R1 | 38.58 | 0.138 % | ||
| Current price: | 38.53 | |||
| Support | S1 | 38.36 | -0.427 % | |
| S2 | 38.29 | -0.602 % | ||
| S3 | 38.19 | -0.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 38.53 | |||
| Support | S1 | 37.27 | -3.26% | |
| S2 | 35.26 | -8.49% | ||
| S3 | 34.18 | -11.28% |
KBCSY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 13, 2024 | May 13, 2024 | May 30, 2024 | $1.12 | 2.91% |
| 2 | Oct 12, 2023 | Nov 13, 2023 | Nov 30, 2023 | $0.330 | 1.14% |
| 3 | May 04, 2023 | May 09, 2023 | May 26, 2023 | $1.62 | 4.89% |
| 4 | Nov 10, 2022 | Nov 14, 2022 | Dec 01, 2022 | $0.493 | 1.78% |
| 5 | May 06, 2022 | May 10, 2022 | May 27, 2022 | $4.04 | 12.95% |
FAQ
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