KeyCorp Stock Forecast
Green day on Wednesday for KeyCorp
(Updated on May 08, 2024)
The KeyCorp stock price gained 0.603% on the last trading day (Wednesday, 8th May 2024), rising from $14.93 to $15.02. During the last trading day the stock fluctuated 2.18% from a day low at $14.71 to a day high of $15.03. The price has risen in 7 of the last 10 days and is up by 0.6% 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, 1 million more shares were traded than the day before. In total, 10 million shares were bought and sold for approximately $151.17 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 5.25% during the next 3 months and, with a 90% probability hold a price between $15.19 and $17.03 at the end of this 3-month period.
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KEY Signals & Forecast
Mostly positive signals in the chart today. The KeyCorp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $14.87 and $14.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.63%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for KeyCorp stock
KeyCorp finds support from accumulated volume at $14.93 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.320 between high and low, or 2.18%. For the last week the stock has had daily average volatility of 2.26%.
Our recommended stop-loss: $14.23 (-5.25%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (KEY) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect KeyCorp to open at $14.92, and during the day (based on 14 day Average True Range), to move between $14.62 and $15.42, which gives a possible trading interval of +/-$0.404 (+/-2.69%) up or down from last closing price. If KeyCorp takes out the full calculated possible swing range there will be an estimated 5.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.06 (0.27%) than the support at $14.93 (0.60%), 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 KeyCorp 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 KeyCorp stock to perform well in the short-term.
Current score: 4.082 Buy Candidate Unchanged
Predicted Opening Price for KeyCorp of Thursday, May 9, 2024
Fair opening price May 9, 2024 | Current price |
---|---|
$14.92 ( 0.666%) | $15.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KEY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.24 | 1.46 % | |
R2 | 15.12 | 0.651 % | ||
R1 | 15.04 | 0.148 % | ||
Current price: | 15.02 | |||
Support | S1 | 14.80 | -1.48 % | |
S2 | 14.72 | -1.98 % | ||
S3 | 14.60 | -2.80 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.64 | 4.13 % | |
R2 | 15.36 | 2.26 % | ||
R1 | 15.06 | 0.266 % | ||
Current price | 15.02 | |||
Support | S1 | 14.93 | -0.599% | |
S2 | 14.72 | -2.00% | ||
S3 | 14.38 | -4.26% |
KEY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 10, 2024 | Feb 27, 2024 | Mar 15, 2024 | $0.205 | 1.42% |
2 | Jan 10, 2024 | Feb 26, 2024 | Mar 15, 2024 | $0.205 | 1.42% |
3 | Nov 16, 2023 | Nov 27, 2023 | Dec 15, 2023 | $0.205 | 1.43% |
4 | Jul 11, 2023 | Aug 28, 2023 | Sep 15, 2023 | $0.205 | 1.75% |
5 | May 11, 2023 | May 26, 2023 | Jun 15, 2023 | $0.205 | 2.03% |
FAQ
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