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AI Analysis of KBL.TO
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K-Bro Linen Inc. stock price down 1.97% on Tuesday
(Updated on Apr 23, 2024)

Buy or Hold candidate since Mar 27, 2024 Gain 0.58% PDF

The K-Bro Linen Inc. stock price fell by -1.97% on the last day (Tuesday, 23rd Apr 2024) from $35.45 to $34.75. During the last trading day the stock fluctuated 1.58% from a day low at $34.75 to a day high of $35.30. The price has fallen in 6 of the last 10 days and is down by -5.54% for this period. 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 -4 thousand shares and in total, 4 thousand shares were bought and sold for approximately $123.88 thousand.

The stock lies in the middle of a wide and weak 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 3.93% during the next 3 months and, with a 90% probability hold a price between $33.68 and $38.71 at the end of this 3-month period.

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KBL.TO Signals & Forecast

The K-Bro Linen 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 $35.36. On a fall, the stock will find some support from the long-term average at approximately $34.71. 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. 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 Monday, April 08, 2024, and so far it has fallen -6.08%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.

Support, Risk & Stop-loss for K-Bro Linen Inc. stock

K-Bro Linen Inc. finds support from accumulated volume at $34.55 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.550 between high and low, or 1.58%. For the last week the stock has had daily average volatility of 1.60%.

Our recommended stop-loss: $32.92 (-5.27%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (KBL.TO) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect K-Bro Linen Inc. to open at $34.93, and during the day (based on 14 day Average True Range), to move between $34.11 and $35.39, which gives a possible trading interval of +/-$0.637 (+/-1.83%) up or down from last closing price. If K-Bro Linen Inc. takes out the full calculated possible swing range there will be an estimated 3.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $34.55 (0.58%) than the resistance at $35.00 (0.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is K-Bro Linen 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 K-Bro Linen Inc. stock to perform well in the short-term.

Current score: 1.506 Buy Candidate Unchanged

Predicted Opening Price for K-Bro Linen Inc. of Wednesday, April 24, 2024

Fair opening price April 24, 2024 Current price
$34.93 ( 0.528%) $34.75

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

Trading levels for KBL.TO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 35.48 2.11 %
R2 35.27 1.51 %
R1 35.14 1.13 %
Current price: 34.75
Support S1 34.72 -0.0770 %
S2 34.59 -0.451 %
S3 34.38 -1.06 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 37.00 6.47 %
R2 35.89 3.28 %
R1 35.00 0.719 %
Current price 34.75
Support S1 34.55 -0.576%
S2 34.41 -0.98%
S3 33.50 -3.60%

KBL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 29, 2024 Apr 29, 2024 May 15, 2024 $0.100 0.288%
2 Mar 27, 2024 Mar 27, 2024 Apr 15, 2024 $0.100 0.287%
3 Feb 15, 2024 Feb 28, 2024 Mar 15, 2024 $0.100 0.298%
4 Jan 15, 2024 Jan 30, 2024 Feb 15, 2024 $0.100 0.291%
5 Dec 15, 2023 Dec 28, 2023 Jan 15, 2024 $0.100 0.289%

FAQ

What is the symbol for K-Bro Linen Inc. Stock and on which exchange is it traded?
The symbol for K-Bro Linen Inc. is KBL.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell K-Bro Linen Inc. Stock?
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 K-Bro Linen Inc. stock to perform well in the short-term.

How to buy K-Bro Linen Inc. Stock?
K-Bro Linen Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy K-Bro Linen Inc. Stock.

What's the current price of K-Bro Linen Inc. Stock?
As of the end of day on the Apr 23, 2024, the price of an K-Bro Linen Inc. (KBL.TO) share was $34.75.

What is the 52-week high and low for K-Bro Linen Inc. Stock?
The 52-week high for K-Bro Linen Inc. Stock is $37.04 and the 52-week low is $27.60.

What is the market capitalization of K-Bro Linen Inc. Stock?
As of the Apr 23, 2024, the market capitalization of K-Bro Linen Inc. is 374.143M.

When is the next earnings date for K-Bro Linen Inc.?
The upcoming earnings date for K-Bro Linen Inc. is May 13, 2024.
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About K-Bro Linen Inc.

K-Bro Linen. K-Bro Linen Inc., together with its subsidiaries, provides laundry and linen services to healthcare institutions, hotels, and other commercial organizations in Canada and the United Kingdom. Its services include processing, management, and distribution of general and operating room linens, such as sheets, blankets, towels, surgical gowns, and drapes and other linens. The company also offers other services, including bulk dock-to-dock, exchange ca... KBL.TO Profile

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