Kforce Inc. Stock Forecast
Kforce Inc. stock price down 0.157% on Tuesday
(Updated on May 07, 2024)
The Kforce Inc. stock price fell by -0.157% on the last day (Tuesday, 7th May 2024) from $63.75 to $63.65. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.04% from a day low at $63.46 to a day high of $64.12. The price has fallen in 6 of the last 10 days and is down by -0.84% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -13 thousand shares and in total, 48 thousand shares were bought and sold for approximately $3.08 million.
The stock lies in the middle of a 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 -8.74% during the next 3 months and, with a 90% probability hold a price between $55.87 and $62.94 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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KFRC Signals & Forecast
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. The Kforce Inc. 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 $66.23. On a fall, the stock will find some support from the short-term average at $63.60. 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. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -2.12%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Kforce Inc. stock
Kforce Inc. finds support from accumulated volume at $63.56 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.660 (1.04%) between high and low. For the last week, the stock has had daily average volatility of 2.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KFRC) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Kforce Inc. to open at $63.74, and during the day (based on 14 day Average True Range), to move between $62.07 and $65.23, which gives a possible trading interval of +/-$1.58 (+/-2.49%) up or down from last closing price. If Kforce Inc. takes out the full calculated possible swing range there will be an estimated 4.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $63.56 (0.14%) than the resistance at $64.00 (0.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kforce Inc. stock A Buy?
Kforce Inc. 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: -1.929 Sell Candidate Unchanged
Predicted Opening Price for Kforce Inc. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $63.74 ( 0.147%) | $63.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KFRC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 64.40 | 1.18 % | |
| R2 | 64.15 | 0.787 % | ||
| R1 | 64.00 | 0.543 % | ||
| Current price: | 63.65 | |||
| Support | S1 | 63.49 | -0.249 % | |
| S2 | 63.34 | -0.494 % | ||
| S3 | 63.08 | -0.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 73.08 | 14.82 % | |
| R2 | 68.55 | 7.70 % | ||
| R1 | 64.00 | 0.550 % | ||
| Current price | 63.65 | |||
| Support | S1 | 63.56 | -0.141% | |
| S2 | 62.81 | -1.32% | ||
| S3 | 61.76 | -2.97% |
KFRC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.380 | 0.596% |
| 2 | Feb 02, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.380 | 0.539% |
| 3 | Oct 27, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.360 | 0.533% |
| 4 | Jul 28, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.360 | 0.603% |
| 5 | May 05, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.360 | 0.575% |
FAQ
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