Killam Apartment Real Estate Investment Stock Forecast
Red day on Monday for Killam Apartment Real Estate Investment stock after losing 0.291%
(Updated on May 06, 2024)
The Killam Apartment Real Estate Investment stock price fell by -0.291% on the last day (Monday, 6th May 2024) from $17.17 to $17.12. During the last trading day the stock fluctuated 1.42% from a day low at $16.94 to a day high of $17.18. The price has fallen in 8 of the last 10 days and is down by -2.06% for this period. Volume has increased on the last day by 434 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 702 thousand shares were bought and sold for approximately $12.02 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.94% during the next 3 months and, with a 90% probability hold a price between $13.74 and $15.06 at the end of this 3-month period. 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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KMP-UN.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.84%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Killam Apartment Real Estate Investment 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 $17.13 and $17.71. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Killam Apartment Real Estate Investment stock
Killam Apartment Real Estate Investment finds support from accumulated volume at $17.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.240 between high and low, or 1.42%. For the last week the stock has had daily average volatility of 1.56%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KMP-UN.TO) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Killam Apartment Real Estate Investment Trust to open at $17.08, and during the day (based on 14 day Average True Range), to move between $16.79 and $17.45, which gives a possible trading interval of +/-$0.327 (+/-1.91%) up or down from last closing price. If Killam Apartment Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 3.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.07 (0.29%) than the resistance at $18.80 (9.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Killam Apartment Real Estate Investment Trust will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for Killam Apartment Real Estate Investment Trust, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.97% in the first trading day after earnings release.
Is Killam Apartment Real Estate Investment Trust stock A Buy?
Killam Apartment Real Estate Investment holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.008 Sell Candidate Unchanged
Predicted Opening Price for Killam Apartment Real Estate Investment Trust of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $17.08 ( 0.234%) | $17.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KMP-UN.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.32 | 1.17 % | |
| R2 | 17.23 | 0.633 % | ||
| R1 | 17.17 | 0.302 % | ||
| Current price: | 17.12 | |||
| Support | S1 | 16.99 | -0.769 % | |
| S2 | 16.93 | -1.10 % | ||
| S3 | 16.84 | -1.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.63 | 14.66 % | |
| R2 | 19.00 | 10.98 % | ||
| R1 | 18.80 | 9.81 % | ||
| Current price | 17.12 | |||
| Support | S1 | 17.07 | -0.292% | |
| S2 | 16.90 | -1.29% | ||
| S3 | 16.81 | -1.81% |
KMP-UN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 15, 2024 | $0.0583 | 0.341% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Mar 27, 2024 | $0 | 0% |
| 3 | Feb 28, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0 | 0% |
| 4 | Jan 30, 2024 | Jan 30, 2024 | Feb 15, 2024 | $0.0583 | 0.299% |
| 5 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0 | 0% |
FAQ
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