Kewaunee Scientific Corporation Stock Forecast

Green day on Friday for Kewaunee Scientific Corporation stock after gaining 1.50%
(Updated on May 03, 2024)

KEQU Signals & Forecast

A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -3.35%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Kewaunee Scientific Corporation 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 $35.28. On a fall, the stock will find some support from the long-term average at approximately $34.52. 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. The stock had a Golden Star Signal on Wednesday, February 28, 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 Kewaunee Scientific Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $33.40 and $33.12. 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, Kewaunee Scientific Corporation finds support just below today's level at $33.40. If this is broken, then the next support from accumulated volume will be at $33.12 and $30.05.

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 $0.445 between high and low, or 1.26%. For the last week the stock has had daily average volatility of 3.87%

Our recommended stop-loss: $33.68 (-4.26%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (KEQU) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Kewaunee Scientific Corporation to open at $35.33, and during the day (based on 14 day Average True Range), to move between $33.77 and $36.59, which gives a possible trading interval of +/-$1.41 (+/-4.01%) up or down from last closing price. If Kewaunee Scientific Corporation takes out the full calculated possible swing range there will be an estimated 8.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $35.42 (0.68%) than the support at $33.40 (5.06%), 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 Kewaunee Scientific Corporation stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.807 Buy Candidate Unchanged

Predicted Opening Price for Kewaunee Scientific Corporation of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.