Keurig Dr Pepper Inc. Stock Forecast
Keurig Dr Pepper Inc. stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Keurig Dr Pepper Inc. stock price gained 1.83% on the last trading day (Wednesday, 24th Apr 2024), rising from $31.76 to $32.34. During the last trading day the stock fluctuated 4.04% from a day low at $31.19 to a day high of $32.45. The price has risen in 8 of the last 10 days and is up by 5.51% 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, 4 million more shares were traded than the day before. In total, 11 million shares were bought and sold for approximately $355.43 million.
Given the current horizontal trend, you can expect Keurig Dr Pepper Inc. stock with a 90% probability to be traded between $28.30 and $31.90 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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KDP Signals & Forecast
The Keurig Dr Pepper 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 $31.40 and $30.33. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 11.98%. 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 Keurig Dr Pepper Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $29.50 and $29.28. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Keurig Dr Pepper Inc. finds support just below today's level at $29.50. If this is broken, then the next support from accumulated volume will be at $29.28 and $28.88.
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 $1.26 between high and low, or 4.04%. For the last week the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: $31.09 (-3.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (KDP) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Keurig Dr Pepper Inc. to open at $31.99, and during the day (based on 14 day Average True Range), to move between $31.82 and $32.86, which gives a possible trading interval of +/-$0.525 (+/-1.62%) up or down from last closing price. If Keurig Dr Pepper Inc. takes out the full calculated possible swing range there will be an estimated 3.25% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $29.50, some $2.84 (8.78%) from the current price of $32.34, our system finds the risk reward attractive.
Earnings coming up
Keurig Dr Pepper Inc. will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.340. We will update the financials statements for Keurig Dr Pepper Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.97% in the first trading day after earnings release.
Is Keurig Dr Pepper Inc. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Keurig Dr Pepper Inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.268 Buy Candidate Upgraded
Predicted Opening Price for Keurig Dr Pepper Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $31.99 ( 1.07%) | $32.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KDP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.25 | 2.82 % | |
| R2 | 32.77 | 1.34 % | ||
| R1 | 32.47 | 0.416 % | ||
| Current price: | 32.34 | |||
| Support | S1 | 31.51 | -2.56 % | |
| S2 | 31.21 | -3.48 % | ||
| S3 | 30.73 | -4.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 32.34 | |||
| Support | S1 | 29.50 | -8.78% | |
| S2 | 29.28 | -9.46% | ||
| S3 | 28.88 | -10.70% |
KDP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 06, 2024 | Mar 27, 2024 | Apr 12, 2024 | $0.215 | 0.711% |
| 2 | Dec 07, 2023 | Jan 04, 2024 | Jan 19, 2024 | $0.215 | 0.674% |
| 3 | Sep 19, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.215 | 0.765% |
| 4 | May 16, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.200 | 0.632% |
| 5 | Feb 07, 2023 | Mar 30, 2023 | Apr 14, 2023 | $0.200 | 0.570% |
FAQ
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