Kayne Anderson Bdc, Inc. Stock Forecast

Stronger technical forecast for Kayne Anderson Bdc, Inc. stock price after Friday trading.
(Updated on Jun 21, 2024)

KBDC Signals & Forecast

The Kayne Anderson Bdc, Inc. 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 $16.35. On a fall, the stock will find some support from the long-term average at approximately $16.19. 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 Thursday, June 20, 2024, and so far it has fallen -1.21%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Friday, June 07, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Kayne Anderson Bdc, Inc. stock

Kayne Anderson Bdc, Inc. finds support from accumulated volume at $16.34 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 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 stock During the last day, the stock moved $0.230 between high and low, or 1.41%. For the last week the stock has had daily average volatility of 1.96%

Our recommended stop-loss: $15.68 (-4.12%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (KBDC) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Kayne Anderson Bdc, Inc. to open at $16.39, and during the day (based on 14 day Average True Range), to move between $16.07 and $16.63, which gives a possible trading interval of +/-$0.278 (+/-1.70%) up or down from last closing price. If Kayne Anderson Bdc, Inc. takes out the full calculated possible swing range there will be an estimated 3.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $16.34 (0.06%) than the resistance at $16.40 (0.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kayne Anderson Bdc, Inc. 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 Kayne Anderson Bdc, Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.817 Buy Candidate Upgraded

Predicted Opening Price for Kayne Anderson Bdc, Inc. of Monday, June 24, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.