Keyera Corp. Stock Forecast
Keyera Corp. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 17, 2024)
The Keyera Corp. stock price fell by -0.0522% on the last day (Friday, 17th May 2024) from $26.83 to $26.82. During the last trading day the stock fluctuated 0.149% from a day low at $26.82 to a day high of $26.86. The price has risen in 6 of the last 10 days and is up by 5.32% over the past 2 weeks. Volume has increased on the last day by 223 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 385 shares were bought and sold for approximately $10.33 thousand.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $26.86 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.16% during the next 3 months and, with a 90% probability hold a price between $26.68 and $28.24 at the end of this 3-month period.
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KEYUF Signals & Forecast
The Keyera Corp. 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 $26.30 and $25.80. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -0.0522%. Further fall is indicated until a new bottom pivot has been found. Keyera Corp. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Keyera Corp. stock
Keyera Corp. finds support from accumulated volume at $25.94 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 $0.0400 between high and low, or 0.149%. For the last week the stock has had daily average volatility of 0.98%.
Our recommended stop-loss: $26.06 (-2.84%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (KEYUF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Keyera Corp. to open at $26.83, and during the day (based on 14 day Average True Range), to move between $26.47 and $27.17, which gives a possible trading interval of +/-$0.345 (+/-1.29%) up or down from last closing price. If Keyera Corp. takes out the full calculated possible swing range there will be an estimated 2.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $26.83 (0.05%) than the support at $25.94 (3.28%), 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 Keyera Corp. 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 Keyera Corp. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.238 Buy Candidate Upgraded
Predicted Opening Price for Keyera Corp. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $26.83 ( 0.0497%) | $26.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KEYUF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.87 | 0.199 % | |
| R2 | 26.86 | 0.142 % | ||
| R1 | 26.85 | 0.107 % | ||
| Current price: | 26.82 | |||
| Support | S1 | 26.82 | -0.0073 % | |
| S2 | 26.81 | -0.0425 % | ||
| S3 | 26.79 | -0.0994 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 26.83 | 0.0522 % | ||
| Current price | 26.82 | |||
| Support | S1 | 25.94 | -3.28% | |
| S2 | 25.93 | -3.32% | ||
| S3 | 24.77 | -7.65% |
KEYUF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2024 | Jun 13, 2024 | Jun 28, 2024 | $0.366 | 1.37% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Mar 14, 2024 | $0 | 0% |
| 3 | Dec 14, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0 | 0% |
| 4 | Jun 14, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.361 | 1.56% |
| 5 | Mar 21, 2023 | Mar 21, 2023 | Mar 21, 2023 | $0.117 | 0.556% |
FAQ
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