Kingfa Science & Technology Stock Forecast
Green day on Thursday for Kingfa Science & Technology
(Updated on Jun 27, 2024)
The Kingfa Science & Technology stock price gained 2.78% on the last trading day (Thursday, 27th Jun 2024), rising from ₹2,026.05 to ₹2,082.35. During the last trading day the stock fluctuated 2.02% from a day low at ₹2,043.80 to a day high of ₹2,085.00. The price has risen in 6 of the last 10 days and is up by 9.37% over the past 2 weeks. Volume fell on the last day by -27 shares and in total, 322 shares were bought and sold for approximately ₹670.52 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 weak 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 8.13% during the next 3 months and, with a 90% probability hold a price between ₹2,038.84 and ₹2,414.86 at the end of this 3-month period.
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KINGFA.BO Signals & Forecast
The Kingfa Science & Technology stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹2,087.08. On a fall, the stock will find some support from the long-term average at approximately ₹1,991.10. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -6.03%. Further fall is indicated until a new bottom pivot has been found. 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 also not.
Support, Risk & Stop-loss for Kingfa Science & Technology stock
Kingfa Science & Technology finds support from accumulated volume at ₹2,000.70 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 ₹41.20 between high and low, or 2.02%. For the last week the stock has had daily average volatility of 3.10%.
Our recommended stop-loss: ₹2,004.01 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (KINGFA.BO) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Kingfa Science & Technology to open at ₹2,070.38, and during the day (based on 14 day Average True Range), to move between ₹2,002.42 and ₹2,162.28, which gives a possible trading interval of +/-₹79.93 (+/-3.84%) up or down from last closing price. If Kingfa Science & Technology takes out the full calculated possible swing range there will be an estimated 7.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹2,106.10 (1.14%) than the support at ₹2,000.70 (3.92%), 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 Kingfa Science & Technology 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 Kingfa Science & Technology stock to perform well in the short-term.
Current score: 2.095 Buy Candidate Unchanged
Predicted Opening Price for Kingfa Science & Technology of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ₹2,070.38 ( 0.575%) | ₹2,082.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KINGFA.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,111.58 | 1.40% |
| R2 | 2,095.84 | 0.648% |
| R1 | 2,086.12 | 0.181% |
| Price | 2,082.35 | |
| S1 | 2,054.64 | -1.33% |
| S2 | 2,044.92 | -1.80% |
| S3 | 2,029.18 | -2.55% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,201.90 | 5.74% |
| R2 | 2,178.15 | 4.60% |
| R1 | 2,106.10 | 1.14% |
| Price | 2,082.35 | |
| S1 | 2,000.70 | -3.92% |
| S2 | 1,960.60 | -5.85% |
| S3 | 1,767.60 | -15.12% |
KINGFA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 22, 2011 | Sep 22, 2011 | Sep 22, 2011 | ₹0.600 | 2.99% |
| 2 | Sep 11, 2008 | Sep 11, 2008 | Sep 11, 2008 | ₹0.700 | 1.53% |
| 3 | Feb 14, 2008 | Feb 14, 2008 | Feb 14, 2008 | ₹0.500 | 0.90% |
| 4 | Sep 06, 2007 | Sep 06, 2007 | Sep 06, 2007 | ₹1.20 | 2.48% |
| 5 | Sep 07, 2006 | Sep 07, 2006 | Sep 07, 2006 | ₹1.20 | 4.56% |
FAQ
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