Kenon Holdings Ltd Stock Forecast
Green day on Thursday for Kenon Holdings Ltd stock after gaining 0.510%
(Updated on Apr 25, 2024)
The Kenon Holdings Ltd stock price gained 0.510% on the last trading day (Thursday, 25th Apr 2024), rising from $21.57 to $21.68. During the last trading day the stock fluctuated 1.46% from a day low at $21.46 to a day high of $21.77. The price has risen in 6 of the last 10 days and is up by 8.24% over the past 2 weeks. Volume fell on the last day by -163 shares and in total, 6 thousand shares were bought and sold for approximately $127.05 thousand. 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 very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.03% during the next 3 months and, with a 90% probability hold a price between $17.11 and $23.62 at the end of this 3-month period.
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KEN Signals & Forecast
There are mixed signals in the stock today. The Kenon Holdings Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $23.64. On a fall, the stock will find some support from the short-term average at $21.31. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 10.27%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Kenon Holdings Ltd stock
Kenon Holdings Ltd finds support from accumulated volume at $21.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.313 between high and low, or 1.46%. For the last week the stock has had daily average volatility of 1.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KEN) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Kenon Holdings Ltd to open at $21.63, and during the day (based on 14 day Average True Range), to move between $20.86 and $22.50, which gives a possible trading interval of +/-$0.82 (+/-3.78%) up or down from last closing price. If Kenon Holdings Ltd takes out the full calculated possible swing range there will be an estimated 7.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.87 (0.88%) than the support at $21.35 (1.52%), 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 Kenon Holdings Ltd stock A Buy?
Kenon Holdings Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.569 Sell Candidate Unchanged
Predicted Opening Price for Kenon Holdings Ltd of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $21.63 ( 0.211%) | $21.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KEN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.95 | 1.23 % | |
| R2 | 21.83 | 0.680 % | ||
| R1 | 21.75 | 0.340 % | ||
| Current price: | 21.68 | |||
| Support | S1 | 21.51 | -0.762 % | |
| S2 | 21.44 | -1.10 % | ||
| S3 | 21.32 | -1.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.84 | 23.80 % | |
| R2 | 22.79 | 5.12 % | ||
| R1 | 21.87 | 0.88 % | ||
| Current price | 21.68 | |||
| Support | S1 | 21.35 | -1.52% | |
| S2 | 20.74 | -4.34% | ||
| S3 | 20.04 | -7.56% |
KEN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 26, 2024 | Apr 08, 2024 | Apr 15, 2024 | $3.80 | 19.33% |
| 2 | Apr 05, 2024 | Apr 05, 2024 | Apr 15, 2024 | $3.80 | 19.33% |
| 3 | Apr 10, 2023 | Apr 10, 2023 | Apr 10, 2023 | $2.79 | 10.02% |
| 4 | Mar 31, 2022 | Jun 27, 2022 | Jul 05, 2022 | $10.25 | 27.73% |
| 5 | Nov 30, 2021 | Jan 19, 2022 | Jan 27, 2022 | $3.50 | 6.90% |
FAQ
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