KMC Properties ASA Stock Forecast

Evaluation of KMC Properties ASA stock downgraded after the last trading session.
(Updated on May 02, 2024)

KMCP.OL Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 5.43%. Further rise is indicated until a new top pivot has been found. KMC Properties ASA has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The KMC Properties ASA 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 kr7.51. On a fall, the stock will find some support from the short-term average at kr7.28. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for KMC Properties ASA stock

On the downside, the stock finds support just below today's level from accumulated volume at kr7.00 and kr6.82. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, KMC Properties ASA finds support just below today's level at kr7.00. If this is broken, then the next support from accumulated volume will be at kr6.82 and kr6.78.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr0.580 between high and low, or 8.29%. For the last week, the stock has had daily average volatility of 7.40%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (KMCP.OL) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect KMC Properties ASA to open at kr7.32, and during the day (based on 14 day Average True Range), to move between kr7.02 and kr7.74, which gives a possible trading interval of +/-kr0.356 (+/-4.82%) up or down from last closing price. If KMC Properties ASA takes out the full calculated possible swing range there will be an estimated 9.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr7.58 (2.71%) than the support at kr7.00 (5.15%), 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 KMC Properties ASA stock A Buy?

KMC Properties ASA 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. 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: -1.508 Sell Candidate Downgraded

Predicted Opening Price for KMC Properties ASA of Friday, May 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.