KFA Mount Lucas Index Strategy ETF Forecast
KFA Mount Lucas Index Strategy ETF downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on May 09, 2024)
The KFA Mount Lucas Index Strategy ETF price fell by -0.552% on the last day (Thursday, 9th May 2024) from $29.83 to $29.67. During the last trading day the ETF fluctuated 0.675% from a day low at $29.65 to a day high of $29.85. The price has fallen in 7 of the last 10 days and is down by -4.26% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -34 thousand shares and in total, 73 thousand shares were bought and sold for approximately $2.15 million.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $29.56 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 ETF is expected to rise 5.68% during the next 3 months and, with a 90% probability hold a price between $31.23 and $33.65 at the end of this 3-month period.
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KMLM Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has risen 0.560%. 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 KFA Mount Lucas Index Strategy ETF 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 $29.91 and $30.45. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for KFA Mount Lucas Index Strategy ETF
KFA Mount Lucas Index Strategy finds support from accumulated volume at $29.55 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.200 (0.675%) between high and low. For the last week, the ETF has had daily average volatility of 1.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KMLM) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect KFA Mount Lucas Index Strategy ETF to open at $29.72, and during the day (based on 14 day Average True Range), to move between $29.30 and $30.04, which gives a possible trading interval of +/-$0.370 (+/-1.25%) up or down from last closing price. If KFA Mount Lucas Index Strategy ETF takes out the full calculated possible swing range there will be an estimated 2.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $29.55 (0.39%) than the resistance at $29.80 (0.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KFA Mount Lucas Index Strategy ETF ETF A Buy?
The KFA Mount Lucas Index Strategy ETF holds several negative signals and despite the positive trend, we believe KFA Mount Lucas Index Strategy will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.401 Sell Candidate Downgraded
Predicted Opening Price for KFA Mount Lucas Index Strategy ETF of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $29.72 ( 0.191%) | $29.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KMLM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.92 | 0.86 % | |
| R2 | 29.85 | 0.607 % | ||
| R1 | 29.80 | 0.448 % | ||
| Current price: | 29.67 | |||
| Support | S1 | 29.65 | -0.0670 % | |
| S2 | 29.60 | -0.226 % | ||
| S3 | 29.52 | -0.484 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.36 | 2.34 % | |
| R2 | 30.19 | 1.77 % | ||
| R1 | 29.80 | 0.454 % | ||
| Current price | 29.67 | |||
| Support | S1 | 29.55 | -0.388% | |
| S2 | 29.12 | -1.84% | ||
| S3 | 29.11 | -1.87% |
KMLM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2022 | Dec 28, 2022 | Dec 30, 2022 | $2.48 | 8.12% |
| 2 | Dec 28, 2021 | Dec 29, 2021 | Dec 31, 2021 | $1.84 | 6.94% |
FAQ
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