KMC Properties ASA 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
KMC Properties ASA stock upgraded to Hold/Accumulate.
(Updated on May 16, 2024)
The KMC Properties ASA stock price fell by -3.01% on the last day (Thursday, 16th May 2024) from kr7.32 to kr7.10. During the last trading day the stock fluctuated 2.54% from a day low at kr7.10 to a day high of kr7.28. The price has fallen in 5 of the last 10 days but is still up by 0.28% 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 -14 thousand shares and in total, 4 thousand shares were bought and sold for approximately kr30.51 thousand.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr7.09 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.77% during the next 3 months and, with a 90% probability hold a price between kr7.50 and kr8.57 at the end of this 3-month period.
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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 1.43%. 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 KMC Properties ASA 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 kr7.21 and kr7.42. 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 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for KMC Properties ASA stock
KMC Properties ASA finds support from accumulated volume at kr7.00 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 kr0.180 between high and low, or 2.54%. For the last week the stock has had daily average volatility of 4.02%.
Our recommended stop-loss: kr6.68 (-5.93%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (KMCP.OL) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect KMC Properties ASA to open at kr7.16, and during the day (based on 14 day Average True Range), to move between kr6.77 and kr7.43, which gives a possible trading interval of +/-kr0.326 (+/-4.59%) up or down from last closing price. If KMC Properties ASA takes out the full calculated possible swing range there will be an estimated 9.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr7.18 (1.13%) than the support at kr7.00 (1.41%), 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 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.600 Hold/Accumulate Upgraded
Predicted Opening Price for KMC Properties ASA of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr7.16 ( 0.85%) | kr7.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KMCP.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.34 | 3.38 % | |
| R2 | 7.27 | 2.41 % | ||
| R1 | 7.23 | 1.81 % | ||
| Current price: | 7.10 | |||
| Support | S1 | 7.09 | -0.123 % | |
| S2 | 7.05 | -0.722 % | ||
| S3 | 6.98 | -1.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.68 | 8.17 % | |
| R2 | 7.60 | 7.04 % | ||
| R1 | 7.18 | 1.13 % | ||
| Current price | 7.10 | |||
| Support | S1 | 7.00 | -1.41% | |
| S2 | 6.82 | -3.94% | ||
| S3 | 6.78 | -4.51% |
KMCP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 27, 2016 | May 27, 2016 | May 27, 2016 | kr11.60 | 37.62% |
| 2 | May 08, 2014 | May 08, 2014 | May 08, 2014 | kr4.88 | 9.47% |
| 3 | May 15, 2013 | May 15, 2013 | May 15, 2013 | kr3.05 | 6.02% |
| 4 | May 11, 2012 | May 11, 2012 | May 11, 2012 | kr4.58 | 10.00% |
| 5 | May 13, 2011 | May 13, 2011 | May 13, 2011 | kr4.58 | 9.55% |
FAQ
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