Kulicke and Soffa Industries Stock Forecast
Stronger technical forecast for Kulicke and Soffa Industries stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The Kulicke and Soffa Industries stock price gained 1.91% on the last trading day (Tuesday, 2nd Jul 2024), rising from $48.21 to $49.13. During the last trading day the stock fluctuated 2.07% from a day low at $48.20 to a day high of $49.20. The price has fallen in 6 of the last 10 days but is still up by 3.04% over the past 2 weeks. Volume fell on the last day by -13 thousand shares and in total, 346 thousand shares were bought and sold for approximately $16.99 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 stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $49.16 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Kulicke and Soffa Industries stock with a 90% probability to be traded between $43.00 and $48.30 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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KLIC Signals & Forecast
The Kulicke and Soffa Industries 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 $47.74 and $46.79. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Friday, June 28, 2024, and so far it has fallen -0.122%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Kulicke and Soffa Industries stock
Kulicke and Soffa Industries finds support from accumulated volume at $46.71 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 $1.00 (2.07%) between high and low. For the last week, the stock has had daily average volatility of 2.61%.
Our recommended stop-loss: $47.59 (-3.14%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (KLIC) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Kulicke and Soffa Industries to open at $48.84, and during the day (based on 14 day Average True Range), to move between $47.85 and $50.41, which gives a possible trading interval of +/-$1.28 (+/-2.60%) up or down from last closing price. If Kulicke and Soffa Industries takes out the full calculated possible swing range there will be an estimated 5.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $49.19 (0.12%) than the support at $46.71 (4.93%), 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 Kulicke and Soffa Industries stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Kulicke and Soffa Industries stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.594 Buy Candidate Upgraded
Predicted Opening Price for Kulicke and Soffa Industries of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $48.84 ( 0.583%) | $49.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KLIC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 49.84 | 1.45% |
| R2 | 49.46 | 0.674% |
| R1 | 49.23 | 0.194% |
| Price | 49.13 | |
| S1 | 48.46 | -1.36% |
| S2 | 48.23 | -1.84% |
| S3 | 47.84 | -2.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 49.65 | 1.06% |
| R2 | 49.35 | 0.448% |
| R1 | 49.19 | 0.122% |
| Price | 49.13 | |
| S1 | 46.71 | -4.93% |
| S2 | 46.28 | -5.80% |
| S3 | 46.09 | -6.19% |
KLIC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | Jun 20, 2024 | Jul 09, 2024 | $0.200 | 0.407% |
| 2 | Mar 22, 2024 | Mar 22, 2024 | Apr 09, 2024 | $0.200 | 0.403% |
| 3 | Nov 15, 2023 | Dec 20, 2023 | Jan 09, 2024 | $0.200 | 0.392% |
| 4 | Aug 23, 2023 | Sep 20, 2023 | Oct 10, 2023 | $0.190 | 0.402% |
| 5 | Jun 08, 2023 | Jun 21, 2023 | Jul 10, 2023 | $0.190 | 0.336% |
FAQ
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