Weaker technical forecast for KBR Inc as stock downgraded to Hold/Accumulate.
(Updated on Dec 07, 2021)
Buy or Hold candidate since 2021-12-06 Gain 0.02% PDF
The KBR Inc stock price gained 0.0219% on the last trading day (Tuesday, 7th Dec 2021), rising from $45.68 to $45.69. , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 2.80% from a day low at $45.42 to a day high of $46.69. The price has risen in 6 of the last 10 days, but is still down by -1.42% for this period. Volume fell on the last day by -674 thousand shares and in total, 1 million shares were bought and sold for approximately $62.11 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 19.07% during the next 3 months and, with a 90% probability hold a price between $50.26 and $57.34 at the end of this 3-month period.
Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, November 24, 2021, and so far it has fallen -3.16%. 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). The KBR Inc 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 $44.10 and $44.10. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss
KBR Inc finds support from accumulated volume at $45.68 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.27 between high and low, or 2.80%. For the last week, the stock has had a daily average volatility of 4.72%.
Our recommended stop-loss: $43.75 (-4.24%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Is KBR Inc stock A Buy?
KBR Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.981
Predicted Opening Price for KBR Inc of Wednesday, December 8, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 8, 2021||Current price|
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On Oct 29, 2021 "Credit Suisse Group" gave "$47.00 - $51.00" rating for KBR. The price target was set to $43.66+1.2%.
KBR Insider Trading
|Dec 02, 2021||Buy||2 335||Sopp Mark W||Common Stock|
|Nov 01, 2021||Sell||476||Evans Shad E.||Common Stock|
|Nov 01, 2021||Buy||14 175||Galindo Sonia||Common Stock|
|Oct 15, 2021||Buy||25||Lyles Lester L||Common Stock|
|Oct 15, 2021||Buy||13||Dugle Lynn A||Common Stock|
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