Kogan.com Limited Stock Forecast
Evaluation of Kogan.com Limited stock downgraded after the last trading session.
(Updated on May 06, 2024)
The Kogan.com Limited stock price fell by -2.48% on the last day (Monday, 6th May 2024) from $4.83 to $4.71. During the last trading day the stock fluctuated 2.97% from a day low at $4.71 to a day high of $4.85. The price has fallen in 7 of the last 10 days and is down by -29.6% 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 -509 thousand shares and in total, 885 thousand shares were bought and sold for approximately $4.17 million.
Given the current short-term trend, the stock is expected to fall -7.71% during the next 3 months and, with a 90% probability hold a price between $4.35 and $7.59 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.
KGN.AX Signals & Forecast
There are few to no technical positive signals at the moment. The Kogan.com Limited 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 $4.91 and $7.12. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -45.49%. 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 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 Kogan.com Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.140 between high and low, or 2.97%. For the last week, the stock has had daily average volatility of 3.88%.
Kogan.com Limited is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KGN.AX) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Kogan.com Limited to open at $4.76, and during the day (based on 14 day Average True Range), to move between $4.39 and $5.03, which gives a possible trading interval of +/-$0.325 (+/-6.90%) up or down from last closing price. If Kogan.com Limited takes out the full calculated possible swing range there will be an estimated 13.79% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $4.94, some $0.230 (4.88%) from the current price of $4.71, our system finds the risk reward not very attractive.
Is Kogan.com Limited stock A Buy?
Kogan.com Limited holds several negative signals and is within a very wide 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -6.079 Strong Sell Candidate Downgraded
Predicted Opening Price for Kogan.com Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $4.76 ( 0.99%) | $4.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KGN.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.90 | 3.96 % | |
| R2 | 4.84 | 2.83 % | ||
| R1 | 4.81 | 2.13 % | ||
| Current price: | 4.71 | |||
| Support | S1 | 4.70 | -0.145 % | |
| S2 | 4.67 | -0.85 % | ||
| S3 | 4.62 | -1.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.10 | 8.28 % | |
| R2 | 5.07 | 7.64 % | ||
| R1 | 4.94 | 4.88 % | ||
| Current price | 4.71 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
KGN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | May 31, 2024 | $0.0750 | 1.58% |
| 2 | Mar 08, 2021 | Mar 08, 2021 | Mar 08, 2021 | $0.160 | 1.23% |
| 3 | Aug 21, 2020 | Aug 21, 2020 | Aug 21, 2020 | $0.135 | 0.622% |
| 4 | Feb 18, 2020 | Feb 26, 2020 | Mar 10, 2020 | $0.0750 | 1.83% |
| 5 | Aug 20, 2019 | Aug 26, 2019 | Oct 14, 2019 | $0.0820 | 1.35% |
FAQ
Click here for our free guide on how to buy Kogan.com Limited Stock.
