Kindred Group plc Stock Forecast
Red day on Friday for Kindred Group plc stock after losing 0.0808%
(Updated on Apr 19, 2024)
The Kindred Group plc stock price fell by -0.0808% on the last day (Friday, 19th Apr 2024) from kr123.80 to kr123.70. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 0.405% from a day low at kr123.50 to a day high of kr124.00. The price has fallen in 5 of the last 10 days and is down by -0.56% 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 -545 thousand shares and in total, 371 thousand shares were bought and sold for approximately kr45.88 million.
Given the current horizontal trend, you can expect Kindred Group plc stock with a 90% probability to be traded between kr125.93 and kr127.34 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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KIND-SDB.ST Signals & Forecast
There are few to no technical positive signals at the moment. The Kindred Group plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at kr124.34 and kr123.70. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -0.96%. 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 Kindred Group plc stock
Kindred Group plc finds support from accumulated volume at kr122.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr0.500 between high and low, or 0.405%. For the last week the stock has had daily average volatility of 0.436%.
Our recommended stop-loss: kr118.10 (-4.53%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (KIND-SDB.ST) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Kindred Group plc to open at kr123.73, and during the day (based on 14 day Average True Range), to move between kr123.27 and kr124.13, which gives a possible trading interval of +/-kr0.429 (+/-0.35%) up or down from last closing price. If Kindred Group plc takes out the full calculated possible swing range there will be an estimated 0.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr123.80 (0.08%) than the support at kr122.80 (0.73%), 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.
Earnings coming up
Kindred Group plc will release earnings BMO on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $29.50. We will update the financials statements for Kindred Group plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.86% in the first trading day after earnings release.
Is Kindred Group plc stock A Buy?
Kindred Group plc 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.
Current score: -0.224 Hold/Accumulate Unchanged
Predicted Opening Price for Kindred Group plc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| kr123.73 ( 0.0269%) | kr123.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KIND-SDB.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 124.23 | 0.431 % | |
| R2 | 124.04 | 0.277 % | ||
| R1 | 123.92 | 0.181 % | ||
| Current price: | 123.70 | |||
| Support | S1 | 123.54 | -0.127 % | |
| S2 | 123.42 | -0.223 % | ||
| S3 | 123.23 | -0.377 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 124.40 | 0.566 % | |
| R2 | 124.10 | 0.323 % | ||
| R1 | 123.80 | 0.0808 % | ||
| Current price | 123.70 | |||
| Support | S1 | 122.80 | -0.728% | |
| S2 | 121.90 | -1.46% | ||
| S3 | 121.70 | -1.62% |
KIND-SDB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 21, 2023 | Apr 21, 2023 | Apr 21, 2023 | kr0.345 | 0.311% |
| 2 | Nov 14, 2022 | Nov 14, 2022 | Nov 14, 2022 | kr2.07 | 1.99% |
| 3 | May 16, 2022 | May 16, 2022 | May 16, 2022 | kr2.16 | 2.18% |
| 4 | Nov 12, 2021 | Nov 12, 2021 | Nov 12, 2021 | kr1.98 | 1.79% |
| 5 | May 14, 2021 | May 14, 2021 | May 14, 2021 | kr1.95 | 1.39% |
FAQ
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