K-Bro Linen Inc. Stock Forecast
K-Bro Linen Inc. stock price ended at $34.76 on Friday, after losing 0.401%.
(Updated on May 03, 2024)
The K-Bro Linen Inc. stock price fell by -0.401% on the last day (Friday, 3rd May 2024) from $34.90 to $34.76. During the last trading day the stock fluctuated 0.92% from a day low at $34.76 to a day high of $35.08. The price has fallen in 6 of the last 10 days and is down by -1.45% for this period. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 thousand shares were bought and sold for approximately $222.95 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 6.10% during the next 3 months and, with a 90% probability hold a price between $35.06 and $39.96 at the end of this 3-month period.
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KBL.TO Signals & Forecast
There are few to no technical positive signals at the moment. The K-Bro Linen Inc. 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 $34.94 and $35.17. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -6.05%. 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). K-Bro Linen Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
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 is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.320 (0.92%) between high and low. For the last week, the stock has had daily average volatility of 1.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KBL.TO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect K-Bro Linen Inc. to open at $34.87, and during the day (based on 14 day Average True Range), to move between $34.10 and $35.42, which gives a possible trading interval of +/-$0.656 (+/-1.89%) 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 3.77% 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 (0.60%) than the resistance at $35.89 (3.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
K-Bro Linen Inc. will release earnings BMO on Monday, May 06, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.280. We will update the financials statements for K-Bro Linen Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.88% in the first trading day after earnings release.
Is K-Bro Linen Inc. stock A Buy?
The K-Bro Linen Inc. stock holds several negative signals and despite the positive trend, we believe K-Bro Linen Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.649 Sell Candidate Unchanged
Predicted Opening Price for K-Bro Linen Inc. of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$34.87 ( 0.307%) | $34.76 |
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 | 35.19 | 1.23 % | |
R2 | 35.06 | 0.88 % | ||
R1 | 34.99 | 0.659 % | ||
Current price: | 34.76 | |||
Support | S1 | 34.74 | -0.0448 % | |
S2 | 34.67 | -0.262 % | ||
S3 | 34.55 | -0.614 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.00 | 6.44 % | |
R2 | 36.04 | 3.68 % | ||
R1 | 35.89 | 3.25 % | ||
Current price | 34.76 | |||
Support | S1 | 34.55 | -0.604% | |
S2 | 34.41 | -1.01% | ||
S3 | 33.50 | -3.62% |
KBL Dividend Payout History
# | 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
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