KKR Income Opportunities Fund Stock Forecast
KKR Income Opportunities Fund stock price ended at $13.54 on Thursday, after gaining 0.296%.
(Updated on Mar 28, 2024)
The KKR Income Opportunities Fund stock price gained 0.296% on the last trading day (Thursday, 28th Mar 2024), rising from $13.50 to $13.54. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 0.669% from a day low at $13.46 to a day high of $13.55. The price has risen in 7 of the last 10 days and is up by 2.5% over the past 2 weeks. Volume fell on the last day by -25 thousand shares and in total, 109 thousand shares were bought and sold for approximately $1.47 million. 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 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 7.44% during the next 3 months and, with a 90% probability hold a price between $14.13 and $14.86 at the end of this 3-month period.
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KIO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -0.0738%. 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 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. The KKR Income Opportunities Fund 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 $13.40 and $13.20. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for KKR Income Opportunities Fund stock
KKR Income Opportunities Fund finds support from accumulated volume at $12.93 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0900 between high and low, or 0.669%. For the last week the stock has had daily average volatility of 0.634%
Since the KKR Income Opportunities Fund has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $13.09 (-3.34%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (KIO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect KKR Income Opportunities Fund to open at $13.52, and during the day (based on 14 day Average True Range), to move between $13.43 and $13.65, which gives a possible trading interval of +/-$0.113 (+/-0.83%) up or down from last closing price. If KKR Income Opportunities Fund takes out the full calculated possible swing range there will be an estimated 1.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.55 (0.07%) than the support at $12.93 (4.51%), 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 KKR Income Opportunities Fund 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 KKR Income Opportunities Fund stock to perform well in the short-term.
Current score: 2.474 Buy Candidate Unchanged
Predicted Opening Price for KKR Income Opportunities Fund of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$13.52 ( 0.172%) | $13.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KIO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.61 | 0.492 % | |
R2 | 13.57 | 0.238 % | ||
R1 | 13.55 | 0.0816 % | ||
Current price: | 13.54 | |||
Support | S1 | 13.48 | -0.426 % | |
S2 | 13.46 | -0.583 % | ||
S3 | 13.43 | -0.84 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 13.55 | 0.0739 % | ||
Current price | 13.54 | |||
Support | S1 | 12.93 | -4.51% | |
S2 | 12.85 | -5.10% | ||
S3 | 12.84 | -5.17% |
KIO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.122 | 0.90% |
2 | May 09, 2024 | May 09, 2024 | May 31, 2024 | $0.122 | 0.90% |
3 | Apr 11, 2024 | Apr 11, 2024 | Apr 30, 2024 | $0.122 | 0.90% |
4 | Dec 29, 2023 | Mar 14, 2024 | Mar 29, 2024 | $0.122 | 0.90% |
5 | Feb 15, 2024 | Feb 15, 2024 | Feb 29, 2024 | $0.122 | 0.91% |
FAQ
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