Kimball Electronics Stock Forecast
Kimball Electronics stock price down 0.510% on Tuesday
(Updated on Jul 02, 2024)
The Kimball Electronics stock price fell by -0.510% on the last day (Tuesday, 2nd Jul 2024) from $21.56 to $21.45. During the last trading day the stock fluctuated 1.59% from a day low at $21.39 to a day high of $21.73. The price has fallen in 7 of the last 10 days and is down by -3.2% 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 -6 thousand shares and in total, 58 thousand shares were bought and sold for approximately $1.24 million.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $21.52. A reaction back to this level may hold a second chance to get out before further falls.
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KE Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 0.0933%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kimball Electronics 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 $21.65 and $22.20. A break-up above any of these levels will issue buy signals. 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. The stock had a Golden Star Signal on Tuesday, April 30, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, April 30, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Kimball Electronics stock
Kimball Electronics finds support from accumulated volume at $20.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.340 between high and low, or 1.59%. For the last week the stock has had daily average volatility of 2.27%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Kimball Electronics to open at $21.52, and during the day (based on 14 day Average True Range), to move between $20.91 and $21.99, which gives a possible trading interval of +/-$0.538 (+/-2.51%) up or down from last closing price. If Kimball Electronics takes out the full calculated possible swing range there will be an estimated 5.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.47 (0.09%) than the support at $20.99 (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 Kimball Electronics stock A Buy?
The Kimball Electronics stock holds several negative signals and despite the positive trend, we believe Kimball Electronics will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.308 Sell Candidate Unchanged
Predicted Opening Price for Kimball Electronics of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $21.52 ( 0.342%) | $21.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.86 | 1.93% |
| R2 | 21.73 | 1.32% |
| R1 | 21.65 | 0.95% |
| Price | 21.45 | |
| S1 | 21.39 | -0.264% |
| S2 | 21.31 | -0.638% |
| S3 | 21.18 | -1.24% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.98 | 2.47% |
| R2 | 21.85 | 1.86% |
| R1 | 21.47 | 0.0932% |
| Price | 21.45 | |
| S1 | 20.99 | -2.14% |
| S2 | 20.93 | -2.42% |
| S3 | 20.88 | -2.66% |
FAQ
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