Kingfish Ltd Stock Forecast
Green day on Thursday for Kingfish Ltd
(Updated on Apr 18, 2024)
The Kingfish Ltd stock price gained 0.82% on the last trading day (Thursday, 18th Apr 2024), rising from $1.22 to $1.23. During the last trading day the stock fluctuated 0.82% from a day low at $1.22 to a day high of $1.23. The price has fallen in 4 of the last 10 days and is down by -0.81% for this period. Volume fell on the last day by -145 thousand shares and in total, 92 thousand shares were bought and sold for approximately $112.83 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 narrow 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 -3.71% during the next 3 months and, with a 90% probability hold a price between $1.14 and $1.20 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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KFL.NZ Signals & Forecast
There are few to no technical positive signals at the moment. The Kingfish Ltd 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 $1.23 and $1.23. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -1.60%. 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 also not.
Support, Risk & Stop-loss for Kingfish Ltd stock
Kingfish Ltd finds support from accumulated volume at $1.22 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 $0.0100 between high and low, or 0.82%. For the last week the stock has had daily average volatility of 0.82%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KFL.NZ) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Kingfish Ltd to open at $1.23, and during the day (based on 14 day Average True Range), to move between $1.21 and $1.25, which gives a possible trading interval of +/-$0.0151 (+/-1.23%) up or down from last closing price. If Kingfish Ltd takes out the full calculated possible swing range there will be an estimated 2.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.24 (0.81%) than the support at $1.22 (0.81%), 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 Kingfish Ltd stock A Buy?
Kingfish Ltd holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.110 Sell Candidate Unchanged
Predicted Opening Price for Kingfish Ltd of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $1.23 ( 0.271%) | $1.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KFL.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.24 | 0.542 % | |
| R2 | 1.23 | 0.231 % | ||
| R1 | 1.23 | 0.0396 % | ||
| Current price: | 1.23 | |||
| Support | S1 | 1.22 | -0.582 % | |
| S2 | 1.22 | -0.773 % | ||
| S3 | 1.22 | -1.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.27 | 3.25 % | |
| R2 | 1.25 | 1.63 % | ||
| R1 | 1.24 | 0.81 % | ||
| Current price | 1.23 | |||
| Support | S1 | 1.22 | -0.81% | |
| S2 | 1.21 | -1.63% | ||
| S3 | 0 | . |
KFL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 06, 2024 | Mar 06, 2024 | Mar 28, 2024 | $0.0266 | 2.13% |
| 2 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | $0.0264 | 2.24% |
| 3 | Sep 06, 2023 | Sep 06, 2023 | Sep 06, 2023 | $0.0279 | 2.20% |
| 4 | Jun 07, 2023 | Jun 07, 2023 | Jun 07, 2023 | $0.0282 | 2.15% |
| 5 | Mar 08, 2023 | Mar 08, 2023 | Mar 08, 2023 | $0.0279 | 2.04% |
FAQ
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