Kingstone Companies Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Strong day for Kingstone Companies stock price on Friday rising 9.18% to $4.40
(Updated on Apr 26, 2024)
The Kingstone Companies stock price gained 9.18% on the last trading day (Friday, 26th Apr 2024), rising from $4.03 to $4.40. During the last trading day the stock fluctuated 9.10% from a day low at $4.06 to a day high of $4.43. The price has fallen in 6 of the last 10 days but is still up by 4.76% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 22 thousand shares were bought and sold for approximately $95.16 thousand.
The stock lies in the middle of a very wide and strong 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 37.46% during the next 3 months and, with a 90% probability hold a price between $5.49 and $6.94 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
KINS Signals & Forecast
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 $4.16 and $4.13. A breakdown below any of these levels will issue sell signals. Kingstone Companies has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Tuesday, April 02, 2024, and so far it has fallen -5.38%. 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).
Support, Risk & Stop-loss for Kingstone Companies stock
On the downside, the stock finds support just below today's level from accumulated volume at $3.91 and $3.80. 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 $3.91. If this is broken, then the next support from accumulated volume will be at $3.80 and $3.76.
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 $0.369 between high and low, or 9.10%. For the last week, the stock has had daily average volatility of 6.94%.
Our recommended stop-loss: $4.21 (-4.24%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (KINS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Kingstone Companies to open at $4.30, and during the day (based on 14 day Average True Range), to move between $4.13 and $4.67, which gives a possible trading interval of +/-$0.270 (+/-6.13%) up or down from last closing price. If Kingstone Companies takes out the full calculated possible swing range there will be an estimated 12.25% 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 (0.91%) than the support at $3.91 (11.14%), 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?
Kingstone Companies holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Buy candidate.
Current score: 5.478 Strong Buy Candidate Upgraded
Predicted Opening Price for Kingstone Companies of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $4.30 ( 2.34%) | $4.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KINS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.67 | 6.05 % | |
| R2 | 4.53 | 2.84 % | ||
| R1 | 4.44 | 0.86 % | ||
| Current price: | 4.40 | |||
| Support | S1 | 4.16 | -5.55 % | |
| S2 | 4.07 | -7.53 % | ||
| S3 | 3.93 | -10.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.60 | 4.55 % | |
| R2 | 4.45 | 1.14 % | ||
| R1 | 4.44 | 0.91 % | ||
| Current price | 4.40 | |||
| Support | S1 | 3.91 | -11.14% | |
| S2 | 3.80 | -13.64% | ||
| S3 | 3.76 | -14.55% |
KINS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 12, 2022 | Aug 30, 2022 | Sep 15, 2022 | $0.0400 | 1.22% |
| 2 | May 02, 2022 | May 27, 2022 | Jun 15, 2022 | $0.0400 | 0.98% |
| 3 | Feb 02, 2022 | Feb 25, 2022 | Mar 15, 2022 | $0.0400 | 0.777% |
| 4 | Nov 12, 2021 | Nov 29, 2021 | Dec 15, 2021 | $0.0400 | 0.85% |
| 5 | Aug 03, 2021 | Aug 30, 2021 | Sep 15, 2021 | $0.0400 | 0.588% |
FAQ
Click here for our free guide on how to buy Kingstone Companies Stock.
