Klaveness Combination Carriers AS Stock Forecast
Klaveness Combination Carriers AS stock price ended at kr102.80 on Thursday, after losing 1.91%.
(Updated on May 16, 2024)
The Klaveness Combination Carriers AS stock price fell by -1.91% on the last day (Thursday, 16th May 2024) from kr104.80 to kr102.80. During the last trading day the stock fluctuated 1.36% from a day low at kr102.60 to a day high of kr104.00. The price has fallen in 6 of the last 10 days and is down by -4.99% 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 -17 thousand shares and in total, 71 thousand shares were bought and sold for approximately kr7.26 million.
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 8.84% during the next 3 months and, with a 90% probability hold a price between kr107.72 and kr119.74 at the end of this 3-month period.
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KCC.OL Signals & Forecast
The Klaveness Combination Carriers AS 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 kr105.80. On a fall, the stock will find some support from the long-term average at approximately kr101.62. 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 Friday, May 10, 2024, and so far it has fallen -6.03%. 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 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 Klaveness Combination Carriers AS stock
Klaveness Combination Carriers AS finds support from accumulated volume at kr100.60 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 kr1.40 between high and low, or 1.36%. For the last week, the stock has had daily average volatility of 1.79%.
Our recommended stop-loss: kr96.62 (-6.01%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (KCC.OL) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Klaveness Combination Carriers AS to open at kr103.13, and during the day (based on 14 day Average True Range), to move between kr99.80 and kr105.80, which gives a possible trading interval of +/-kr3.00 (+/-2.92%) up or down from last closing price. If Klaveness Combination Carriers AS takes out the full calculated possible swing range there will be an estimated 5.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr104.80 (1.95%) than the support at kr100.60 (2.14%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Klaveness Combination Carriers AS 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 Klaveness Combination Carriers AS stock to perform well in the short-term.
Current score: 1.612 Buy Candidate Unchanged
Predicted Opening Price for Klaveness Combination Carriers AS of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr103.13 ( 0.324%) | kr102.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KCC.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 104.53 | 1.69 % | |
| R2 | 104.00 | 1.17 % | ||
| R1 | 103.67 | 0.84 % | ||
| Current price: | 102.80 | |||
| Support | S1 | 102.60 | -0.196 % | |
| S2 | 102.27 | -0.517 % | ||
| S3 | 101.73 | -1.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 108.60 | 5.64 % | |
| R2 | 108.20 | 5.25 % | ||
| R1 | 104.80 | 1.95 % | ||
| Current price | 102.80 | |||
| Support | S1 | 100.60 | -2.14% | |
| S2 | 98.40 | -4.28% | ||
| S3 | 95.80 | -6.81% |
KCC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 13, 2024 | May 13, 2024 | May 28, 2024 | kr3.82 | 3.72% |
| 2 | Feb 21, 2024 | Feb 21, 2024 | Mar 07, 2024 | kr0.350 | 0.370% |
| 3 | Nov 03, 2023 | Nov 03, 2023 | Nov 03, 2023 | kr0.250 | 0.321% |
| 4 | Aug 29, 2023 | Aug 29, 2023 | Aug 29, 2023 | kr0.250 | 0.382% |
| 5 | May 10, 2023 | May 10, 2023 | May 10, 2023 | kr0.400 | 0.543% |
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