KKR & Co LP Stock Forecast
Weaker technical forecast for KKR & Co LP as stock downgraded to Sell Candidate.
(Updated on Apr 18, 2024)
The KKR & Co LP stock price fell by -1.35% on the last day (Thursday, 18th Apr 2024) from $94.63 to $93.35. During the last trading day the stock fluctuated 2.96% from a day low at $93.12 to a day high of $95.88. The price has fallen in 6 of the last 10 days and is down by -4.91% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 million shares were bought and sold for approximately $426.11 million.
Given the current short-term trend, the stock is expected to rise 14.06% during the next 3 months and, with a 90% probability hold a price between $106.47 and $117.81 at the end of this 3-month period.
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KKR Signals & Forecast
There are few to no technical positive signals at the moment. The KKR & Co LP stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $96.69 and $98.41. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -8.17%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for KKR & Co LP stock
KKR & Co LP finds support from accumulated volume at $93.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.76 (2.96%) between high and low. For the last week, the stock has had daily average volatility of 3.41%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KKR) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect KKR & Co LP to open at $94.12, and during the day (based on 14 day Average True Range), to move between $90.51 and $96.19, which gives a possible trading interval of +/-$2.84 (+/-3.04%) up or down from last closing price. If KKR & Co LP takes out the full calculated possible swing range there will be an estimated 6.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $93.14 (0.22%) than the resistance at $93.58 (0.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KKR & Co LP stock A Buy?
The KKR & Co LP stock holds several negative signals and despite the positive trend, we believe KKR & Co LP will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.219 Sell Candidate Downgraded
Predicted Opening Price for KKR & Co LP of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $94.12 ( 0.82%) | $93.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KKR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 96.88 | 3.78 % | |
| R2 | 95.82 | 2.65 % | ||
| R1 | 95.17 | 1.95 % | ||
| Current price: | 93.35 | |||
| Support | S1 | 93.06 | -0.308 % | |
| S2 | 92.41 | -1.01 % | ||
| S3 | 91.36 | -2.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 98.62 | 5.65 % | |
| R2 | 96.55 | 3.43 % | ||
| R1 | 93.58 | 0.246 % | ||
| Current price | 93.35 | |||
| Support | S1 | 93.14 | -0.225% | |
| S2 | 88.45 | -5.25% | ||
| S3 | 86.58 | -7.25% |
KKR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 06, 2024 | Feb 15, 2024 | Mar 01, 2024 | $0.165 | 0.167% |
| 2 | Nov 07, 2023 | Nov 16, 2023 | Dec 01, 2023 | $0.165 | 0.220% |
| 3 | Aug 07, 2023 | Aug 16, 2023 | Aug 31, 2023 | $0.165 | 0.263% |
| 4 | May 08, 2023 | May 19, 2023 | Jun 06, 2023 | $0.165 | 0.303% |
| 5 | Feb 07, 2023 | Feb 16, 2023 | Mar 07, 2023 | $0.155 | 0.278% |
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