Kinetik Holdings Inc. Stock Forecast
Kinetik Holdings Inc. stock upgraded from Buy Candidate to Strong Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Kinetik Holdings Inc. stock price gained 3.07% on the last trading day (Tuesday, 2nd Jul 2024), rising from $41.67 to $42.95. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.95% from a day low at $41.76 to a day high of $42.99. The price has risen in 8 of the last 10 days and is up by 7.86% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 408 thousand more shares were traded than the day before. In total, 715 thousand shares were bought and sold for approximately $30.72 million.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $42.55, a level that may pose a second chance to hit a runner. According to fan-theory $45.58 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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KNTK Signals & Forecast
Mostly positive signals in the chart today. The Kinetik Holdings Inc. 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 $41.40 and $40.45. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 8.57%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Kinetik Holdings Inc. stock
Kinetik Holdings Inc. finds support from accumulated volume at $40.99 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 $1.23 between high and low, or 2.95%. For the last week the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: $41.11 (-4.29%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (KNTK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Kinetik Holdings Inc. to open at $42.57, and during the day (based on 14 day Average True Range), to move between $42.12 and $43.78, which gives a possible trading interval of +/-$0.83 (+/-1.92%) up or down from last closing price. If Kinetik Holdings Inc. takes out the full calculated possible swing range there will be an estimated 3.84% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $40.99, some $1.96 (4.56%) from the current price of $42.95, our system finds the risk reward attractive.
Is Kinetik Holdings Inc. stock A Buy?
Kinetik Holdings Inc. holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.563 Strong Buy Candidate Upgraded
Predicted Opening Price for Kinetik Holdings Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $42.57 ( 0.89%) | $42.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KNTK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.80 | 1.97% |
| R2 | 43.33 | 0.88% |
| R1 | 43.04 | 0.201% |
| Price | 42.95 | |
| S1 | 42.10 | -1.99% |
| S2 | 41.81 | -2.66% |
| S3 | 41.34 | -3.76% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 42.95 | |
| S1 | 40.99 | -4.56% |
| S2 | 39.89 | -7.12% |
| S3 | 39.85 | -7.22% |
KNTK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 26, 2024 | May 09, 2024 | $0.750 | 1.93% |
| 2 | Jan 24, 2024 | Feb 21, 2024 | Mar 07, 2024 | $0.750 | 2.13% |
| 3 | Nov 01, 2023 | Nov 10, 2023 | Nov 22, 2023 | $0.750 | 2.09% |
| 4 | Jul 20, 2023 | Aug 03, 2023 | Aug 16, 2023 | $0.750 | 2.12% |
| 5 | Apr 19, 2023 | May 04, 2023 | Aug 16, 2023 | $0.750 | 2.12% |
FAQ
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