KKR Income Opportunities Fund 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
KKR Income Opportunities Fund stock price ended at $13.30 on Thursday, after losing 0.0751%.
(Updated on May 02, 2024)
The KKR Income Opportunities Fund stock price fell by -0.0751% on the last day (Thursday, 2nd May 2024) from $13.31 to $13.30. During the last trading day the stock fluctuated 0.98% from a day low at $13.26 to a day high of $13.39. The price has fallen in 5 of the last 10 days but is still up by 0.45% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -74 thousand shares and in total, 89 thousand shares were bought and sold for approximately $1.19 million.
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 3.25% during the next 3 months and, with a 90% probability hold a price between $13.47 and $14.30 at the end of this 3-month period.
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KIO Signals & Forecast
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. The KKR Income Opportunities Fund 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 $13.31. On a fall, the stock will find some support from the short-term average at $13.30. 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. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -0.672%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for KKR Income Opportunities Fund stock
KKR Income Opportunities Fund finds support from accumulated volume at $12.95 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 $0.130 between high and low, or 0.98%. For the last week the stock has had daily average volatility of 0.708%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KIO) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect KKR Income Opportunities Fund to open at $13.32, and during the day (based on 14 day Average True Range), to move between $13.17 and $13.43, which gives a possible trading interval of +/-$0.129 (+/-0.97%) 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 1.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.31 (0.08%) than the support at $12.95 (2.63%), 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 KKR Income Opportunities Fund stock A Buy?
KKR Income Opportunities Fund holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.285 Sell Candidate Unchanged
Predicted Opening Price for KKR Income Opportunities Fund of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$13.32 ( 0.125%) | $13.30 |
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 | 13.45 | 1.10 % | |
R2 | 13.40 | 0.729 % | ||
R1 | 13.37 | 0.499 % | ||
Current price: | 13.30 | |||
Support | S1 | 13.27 | -0.248 % | |
S2 | 13.24 | -0.479 % | ||
S3 | 13.19 | -0.85 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.50 | 1.50 % | |
R2 | 13.39 | 0.677 % | ||
R1 | 13.31 | 0.0752 % | ||
Current price | 13.30 | |||
Support | S1 | 12.95 | -2.63% | |
S2 | 12.87 | -3.23% | ||
S3 | 12.85 | -3.38% |
KIO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.122 | 0.91% |
2 | May 09, 2024 | May 09, 2024 | May 31, 2024 | $0.122 | 0.91% |
3 | Apr 11, 2024 | Apr 11, 2024 | Apr 30, 2024 | $0.122 | 0.91% |
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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