KB Home Stock Forecast
Red day on Tuesday for KB Home stock after losing 1.53%
(Updated on Jul 02, 2024)
The KB Home stock price fell by -1.53% on the last day (Tuesday, 2nd Jul 2024) from $67.44 to $66.41. During the last trading day the stock fluctuated 2.09% from a day low at $65.37 to a day high of $66.73. The price has been going up and down for this period, and there has been a -4.47% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -219 thousand shares and in total, 1 million shares were bought and sold for approximately $68.75 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $65.31 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.34% during the next 3 months and, with a 90% probability hold a price between $70.76 and $83.88 at the end of this 3-month period.
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KBH 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 KB Home stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. 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 $69.06 and $69.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -7.42%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for KB Home stock
KB Home finds support from accumulated volume at $63.75 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 $1.37 between high and low, or 2.09%. For the last week the stock has had daily average volatility of 2.41%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KBH) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect KB Home to open at $66.17, and during the day (based on 14 day Average True Range), to move between $64.30 and $68.52, which gives a possible trading interval of +/-$2.11 (+/-3.17%) up or down from last closing price. If KB Home takes out the full calculated possible swing range there will be an estimated 6.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $63.75 (4.01%) than the resistance at $69.77 (5.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KB Home stock A Buy?
The KB Home stock holds several negative signals and despite the positive trend, we believe KB Home will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.048 Sell Candidate Unchanged
Predicted Opening Price for KB Home of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $66.17 ( 0.364%) | $66.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KBH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 67.53 | 1.69% |
| R2 | 67.01 | 0.91% |
| R1 | 66.69 | 0.421% |
| Price | 66.41 | |
| S1 | 65.65 | -1.15% |
| S2 | 65.32 | -1.63% |
| S3 | 64.80 | -2.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 70.54 | 6.22% |
| R2 | 69.98 | 5.38% |
| R1 | 69.77 | 5.06% |
| Price | 66.41 | |
| S1 | 63.75 | -4.01% |
| S2 | 61.03 | -8.10% |
| S3 | 60.41 | -9.03% |
KBH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | May 23, 2024 | $0.250 | 0.361% |
| 2 | Jan 18, 2024 | Feb 07, 2024 | Feb 22, 2024 | $0.200 | 0.319% |
| 3 | Oct 05, 2023 | Nov 08, 2023 | Nov 22, 2023 | $0.200 | 0.377% |
| 4 | Jul 13, 2023 | Aug 02, 2023 | Aug 17, 2023 | $0.200 | 0.413% |
| 5 | Apr 20, 2023 | May 03, 2023 | May 18, 2023 | $0.150 | 0.326% |
FAQ
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