Kindred Group plc Stock Forecast
Red day on Thursday for Kindred Group plc stock after losing 0.0808%
(Updated on May 02, 2024)
The Kindred Group plc stock price fell by -0.0808% on the last day (Thursday, 2nd May 2024) from kr123.80 to kr123.70. During the last trading day the stock fluctuated 0.90% from a day low at kr122.70 to a day high of kr123.80. The price has fallen in 6 of the last 10 days and is down by -0.32% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately kr142.75 million.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Kindred Group plc stock with a 90% probability to be traded between kr124.96 and kr127.09 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 mixed signals in the stock today. The Kindred Group plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at kr123.85. On a fall, the stock will find some support from the short-term average at kr123.49. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 0.487%. Further rise is indicated until a new top pivot has been found.
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 kr1.10 between high and low, or 0.90%. For the last week the stock has had daily average volatility of 0.602%.
Our recommended stop-loss: kr117.35 (-5.13%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (KIND-SDB.ST) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Kindred Group plc to open at kr123.40, and during the day (based on 14 day Average True Range), to move between kr123.14 and kr124.26, which gives a possible trading interval of +/-kr0.562 (+/-0.45%) up or down from last closing price. If Kindred Group plc takes out the full calculated possible swing range there will be an estimated 0.91% 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.
Is Kindred Group plc stock A Buy?
Kindred Group plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.654 Hold/Accumulate Unchanged
Predicted Opening Price for Kindred Group plc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| kr123.40 ( 0.243%) | 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 | 124.50 | 0.647 % | |
| R2 | 124.08 | 0.307 % | ||
| R1 | 123.82 | 0.0972 % | ||
| Current price: | 123.70 | |||
| Support | S1 | 122.98 | -0.582 % | |
| S2 | 122.72 | -0.792 % | ||
| S3 | 122.30 | -1.13 % |
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 | 122.70 | -0.81% | ||
| S3 | 122.65 | -0.85% |
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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