Klabin S.A. Stock Forecast
Green day on Thursday for Klabin S.A.
(Updated on May 09, 2024)
The Klabin S.A. stock price gained 0.98% on the last trading day (Thursday, 9th May 2024), rising from $8.40 to $8.48. During the last trading day the stock fluctuated 0.98% from a day low at $8.40 to a day high of $8.48. The price has risen in 6 of the last 10 days but is still down by -7.85% for this period. Volume fell on the last day by -5 thousand shares and in total, 2 thousand shares were bought and sold for approximately $14.54 thousand. 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 very wide and 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 2.12% during the next 3 months and, with a 90% probability hold a price between $8.10 and $10.34 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.
KLBAY Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has risen 6.96%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Klabin S.A. 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 $8.61 and $9.35. A break-up above any of these levels will issue buy signals. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Klabin S.A. stock
Klabin S.A. finds support from accumulated volume at $8.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0820 between high and low, or 0.98%. For the last week the stock has had daily average volatility of 0.206%.
Our recommended stop-loss: $8.17 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (KLBAY) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Klabin S.A. to open at $8.45, and during the day (based on 14 day Average True Range), to move between $8.19 and $8.77, which gives a possible trading interval of +/-$0.293 (+/-3.45%) up or down from last closing price. If Klabin S.A. takes out the full calculated possible swing range there will be an estimated 6.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.40 (0.97%) than the resistance at $8.62 (1.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Klabin S.A. stock A Buy?
Klabin S.A. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.885 Hold/Accumulate Unchanged
Predicted Opening Price for Klabin S.A. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $8.45 ( 0.322%) | $8.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KLBAY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.54 | 0.645 % | |
| R2 | 8.51 | 0.275 % | ||
| R1 | 8.49 | 0.0470 % | ||
| Current price: | 8.48 | |||
| Support | S1 | 8.42 | -0.692 % | |
| S2 | 8.40 | -0.92 % | ||
| S3 | 8.37 | -1.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.83 | 4.10 % | |
| R2 | 8.75 | 3.16 % | ||
| R1 | 8.62 | 1.63 % | ||
| Current price | 8.48 | |||
| Support | S1 | 8.40 | -0.97% | |
| S2 | 7.93 | -6.51% | ||
| S3 | 0 | . |
KLBAY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2024 | May 06, 2024 | May 28, 2024 | $0.116 | 1.36% |
| 2 | Feb 08, 2024 | Feb 16, 2024 | Mar 07, 2024 | $0.0699 | 0.86% |
| 3 | Dec 22, 2023 | Dec 22, 2023 | Mar 07, 2024 | $0.0144 | 0.177% |
| 4 | Oct 27, 2023 | Nov 03, 2023 | Nov 24, 2023 | $0.116 | 1.38% |
| 5 | Aug 02, 2023 | Aug 11, 2023 | Aug 25, 2023 | $0.102 | 1.19% |
FAQ
Click here for our free guide on how to buy Klabin S.A. Stock.
