Kimco Realty Corporation Stock Forecast
Kimco Realty Corporation stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 18, 2024)
The Kimco Realty Corporation stock price gained 0.795% on the last trading day (Thursday, 18th Apr 2024), rising from $17.60 to $17.74. During the last trading day the stock fluctuated 1.22% from a day low at $17.58 to a day high of $17.80. The price has fallen in 6 of the last 10 days and is down by -4.62% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately $118.30 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $17.56 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.03% during the next 3 months and, with a 90% probability hold a price between $15.62 and $16.97 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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KIM Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.795%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kimco Realty Corporation 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 $17.86 and $18.92. 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).
Support, Risk & Stop-loss for Kimco Realty Corporation stock
Kimco Realty Corporation finds support from accumulated volume at $17.61 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.215 between high and low, or 1.22%. For the last week, the stock has had daily average volatility of 1.69%.
Kimco Realty Corporation is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $16.63 (-6.26%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 22 which reduces the risk some. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (KIM) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Kimco Realty Corporation to open at $17.71, and during the day (based on 14 day Average True Range), to move between $17.35 and $18.13, which gives a possible trading interval of +/-$0.390 (+/-2.20%) up or down from last closing price. If Kimco Realty Corporation takes out the full calculated possible swing range there will be an estimated 4.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.61 (0.73%) than the resistance at $19.09 (7.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kimco Realty Corporation stock A Buy?
Kimco Realty Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.698 Hold/Accumulate Upgraded
Predicted Opening Price for Kimco Realty Corporation of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $17.71 ( 0.197%) | $17.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KIM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.92 | 1.01 % | |
| R2 | 17.84 | 0.552 % | ||
| R1 | 17.79 | 0.266 % | ||
| Current price: | 17.74 | |||
| Support | S1 | 17.62 | -0.660 % | |
| S2 | 17.57 | -0.95 % | ||
| S3 | 17.49 | -1.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.64 | 10.71 % | |
| R2 | 19.63 | 10.65 % | ||
| R1 | 19.09 | 7.61 % | ||
| Current price | 17.74 | |||
| Support | S1 | 17.61 | -0.733% | |
| S2 | 17.60 | -0.789% | ||
| S3 | 0 | . |
KIM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Mar 06, 2024 | Mar 21, 2024 | $0.240 | 1.22% |
| 2 | Oct 26, 2023 | Dec 06, 2023 | Dec 21, 2023 | $0.240 | 1.10% |
| 3 | Jul 27, 2023 | Sep 06, 2023 | Sep 21, 2023 | $0.230 | 1.28% |
| 4 | Apr 27, 2023 | Jun 07, 2023 | Sep 21, 2023 | $0.230 | 1.28% |
| 5 | Feb 09, 2023 | Mar 08, 2023 | Mar 23, 2023 | $0.230 | 1.31% |
FAQ
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