KB Home Stock Forecast
Stronger technical forecast for KB Home stock price after Thursday trading.
(Updated on Mar 28, 2024)
The KB Home stock price gained 1.90% on the last trading day (Thursday, 28th Mar 2024), rising from $69.56 to $70.88. During the last trading day the stock fluctuated 2.58% from a day low at $69.74 to a day high of $71.54. The price has risen in 5 of the last 10 days and is up by 5.97% 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, 972 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $116.16 million.
The stock lies in the middle of a wide and 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 16.51% during the next 3 months and, with a 90% probability hold a price between $76.91 and $84.79 at the end of this 3-month period.
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KBH Signals & Forecast
The KB Home 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 $69.13 and $66.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 24, 2024, and so far it has risen 21.37%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for KB Home stock
KB Home finds support from accumulated volume at $68.62 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 $1.80 between high and low, or 2.58%. For the last week the stock has had daily average volatility of 1.94%.
Our recommended stop-loss: $68.12 (-3.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 45 days ago.)
Trading Expectations (KBH) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect KB Home to open at $70.72, and during the day (based on 14 day Average True Range), to move between $69.00 and $72.76, which gives a possible trading interval of +/-$1.88 (+/-2.65%) up or down from last closing price. If KB Home takes out the full calculated possible swing range there will be an estimated 5.30% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $68.62, some $2.26 (3.19%) from the current price of $70.88, our system finds the risk reward attractive.
Is KB Home stock A Buy?
KB Home 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.828 Strong Buy Candidate Upgraded
Predicted Opening Price for KB Home of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$70.72 ( 0.226%) | $70.88 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 72.52 | 2.31 % | |
R2 | 71.83 | 1.34 % | ||
R1 | 71.41 | 0.744 % | ||
Current price: | 70.88 | |||
Support | S1 | 70.03 | -1.20 % | |
S2 | 69.61 | -1.80 % | ||
S3 | 68.92 | -2.77 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 70.88 | |||
Support | S1 | 68.62 | -3.19% | |
S2 | 68.40 | -3.50% | ||
S3 | 62.42 | -11.94% |
KBH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 18, 2024 | Feb 07, 2024 | Feb 22, 2024 | $0.200 | 0.319% |
2 | Oct 05, 2023 | Nov 08, 2023 | Nov 22, 2023 | $0.200 | 0.377% |
3 | Jul 13, 2023 | Aug 02, 2023 | Aug 17, 2023 | $0.200 | 0.413% |
4 | Apr 20, 2023 | May 03, 2023 | May 18, 2023 | $0.150 | 0.326% |
5 | Jan 19, 2023 | Feb 01, 2023 | Feb 16, 2023 | $0.150 | 0.410% |
FAQ
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