Kingstone Companies Stock Forecast

Kingstone Companies stock price down 1.29% on Tuesday
(Updated on Apr 23, 2024)

KINS Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -9.57%. 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). Kingstone Companies gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The Kingstone Companies 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 $4.15 and $4.08. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for Kingstone Companies stock

On the downside, the stock finds support just below today's level from accumulated volume at $3.80 and $3.76. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Kingstone Companies finds support just below today's level at $3.80. If this is broken, then the next support from accumulated volume will be at $3.76 and $3.25.

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 $0.180 between high and low, or 4.38%. For the last week, the stock has had daily average volatility of 7.07%.

Our recommended stop-loss: $4.03 (-4.24%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (KINS) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Kingstone Companies to open at $4.20, and during the day (based on 14 day Average True Range), to move between $3.94 and $4.47, which gives a possible trading interval of +/-$0.260 (+/-6.19%) up or down from last closing price. If Kingstone Companies takes out the full calculated possible swing range there will be an estimated 12.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $4.44 (5.59%) than the support at $3.80 (9.63%), 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 Kingstone Companies 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 Kingstone Companies stock to perform well in the short-term.

Current score: 2.511 Buy Candidate Unchanged

Predicted Opening Price for Kingstone Companies of Wednesday, April 24, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.