KOC HOLDINGS AS Stock Forecast
KOC HOLDINGS AS stock price ended at $34.95 on Friday, after gaining 4.95%.
(Updated on Apr 26, 2024)
The KOC HOLDINGS AS stock price gained 4.95% on the last trading day (Friday, 26th Apr 2024), rising from $33.30 to $34.95. During the last trading day the stock fluctuated 2.37% from a day low at $34.14 to a day high of $34.95. The price has risen in 5 of the last 10 days and is up by 2.64% over the past 2 weeks. Volume fell on the last day by -562 shares and in total, 2 thousand shares were bought and sold for approximately $66.51 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 wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 27.26% during the next 3 months and, with a 90% probability hold a price between $38.97 and $47.53 at the end of this 3-month period.
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KHOLY Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -1.66%. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. The KOC HOLDINGS AS 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 $33.91 and $31.47. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for KOC HOLDINGS AS stock
KOC HOLDINGS AS finds support from accumulated volume at $34.50 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 $0.81 between high and low, or 2.37%. For the last week the stock has had daily average volatility of 1.55%.
Our recommended stop-loss: $33.64 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (KHOLY) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect KOC HOLDINGS AS to open at $34.68, and during the day (based on 14 day Average True Range), to move between $33.91 and $35.99, which gives a possible trading interval of +/-$1.04 (+/-2.99%) up or down from last closing price. If KOC HOLDINGS AS takes out the full calculated possible swing range there will be an estimated 5.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.05 (0.29%) than the support at $34.50 (1.29%), 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 KOC HOLDINGS AS 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 KOC HOLDINGS AS stock to perform well in the short-term.
Current score: 1.909 Buy Candidate Unchanged
Predicted Opening Price for KOC HOLDINGS AS of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$34.68 ( 0.773%) | $34.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KHOLY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 35.49 | 1.55 % | |
R2 | 35.18 | 0.660 % | ||
R1 | 34.99 | 0.113 % | ||
Current price: | 34.95 | |||
Support | S1 | 34.37 | -1.66 % | |
S2 | 34.18 | -2.20 % | ||
S3 | 33.87 | -3.09 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 35.54 | 1.69 % | ||
R1 | 35.05 | 0.286 % | ||
Current price | 34.95 | |||
Support | S1 | 34.50 | -1.29% | |
S2 | 32.99 | -5.61% | ||
S3 | 29.58 | -15.36% |
KHOLY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 24, 2024 | Apr 24, 2024 | May 13, 2024 | $1.07 | 3.05% |
2 | Jun 26, 2023 | Mar 27, 2023 | Apr 13, 2023 | $0.457 | 2.19% |
3 | Apr 08, 2022 | Apr 13, 2022 | Apr 26, 2022 | $0.306 | 2.16% |
4 | Apr 07, 2022 | Apr 07, 2022 | Apr 07, 2022 | $0.304 | 2.24% |
5 | Mar 18, 2021 | Apr 14, 2021 | May 03, 2021 | $0.401 | 3.61% |
FAQ
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