Kingsway Financial Services Inc Stock Forecast
Kingsway Financial Services Inc stock upgraded from Sell Candidate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)
The Kingsway Financial Services Inc stock price gained 0.482% on the last trading day (Thursday, 28th Mar 2024), rising from $8.30 to $8.34. During the last trading day the stock fluctuated 1.83% from a day low at $8.20 to a day high of $8.35. The price has been going up and down for this period, and there has been a -0.48% loss for the last 2 weeks. Volume fell on the last day by -333 shares and in total, 41 thousand shares were bought and sold for approximately $341.72 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 lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $8.31 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.78% during the next 3 months and, with a 90% probability hold a price between $8.62 and $9.80 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
KFS Signals & Forecast
The Kingsway Financial Services Inc 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 $8.42 and $8.67. A break-up above any of these levels will issue buy signals. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 0.482%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Kingsway Financial Services Inc stock
Kingsway Financial Services Inc finds support from accumulated volume at $8.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.150 between high and low, or 1.83%. For the last week the stock has had daily average volatility of 2.52%.
Our recommended stop-loss: $7.87 (-5.66%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (KFS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Kingsway Financial Services Inc to open at $8.30, and during the day (based on 14 day Average True Range), to move between $8.10 and $8.58, which gives a possible trading interval of +/-$0.238 (+/-2.86%) up or down from last closing price. If Kingsway Financial Services Inc takes out the full calculated possible swing range there will be an estimated 5.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.30 (0.48%) than the resistance at $8.40 (0.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kingsway Financial Services Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.973 Buy Candidate Upgraded
Predicted Opening Price for Kingsway Financial Services Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$8.30 ( 0.520%) | $8.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KFS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.45 | 1.28 % | |
R2 | 8.39 | 0.592 % | ||
R1 | 8.35 | 0.167 % | ||
Current price: | 8.34 | |||
Support | S1 | 8.24 | -1.21 % | |
S2 | 8.20 | -1.63 % | ||
S3 | 8.15 | -2.32 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.82 | 5.76 % | |
R2 | 8.80 | 5.52 % | ||
R1 | 8.40 | 0.719 % | ||
Current price | 8.34 | |||
Support | S1 | 8.30 | -0.480% | |
S2 | 8.26 | -0.96% | ||
S3 | 8.09 | -3.00% |
KFS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 08, 2009 | Jun 11, 2009 | Jun 30, 2009 | $0.0720 | 0.627% |
2 | Feb 20, 2009 | Mar 12, 2009 | Mar 31, 2009 | $0.0640 | 0.90% |
3 | Nov 05, 2008 | Dec 11, 2008 | Dec 31, 2008 | $0.240 | 1.10% |
4 | Aug 07, 2008 | Sep 11, 2008 | Sep 30, 2008 | $0.280 | 1.00% |
5 | May 07, 2008 | Jun 12, 2008 | Jun 30, 2008 | $0.296 | 0.85% |
FAQ
Click here for our free guide on how to buy Kingsway Financial Services Inc Stock.