Kinetik Holdings Inc. Stock Forecast
Kinetik Holdings Inc. stock price down 0.434% on Friday
(Updated on Apr 26, 2024)
The Kinetik Holdings Inc. stock price fell by -0.434% on the last day (Friday, 26th Apr 2024) from $39.20 to $39.03. During the last trading day the stock fluctuated 2.99% from a day low at $37.98 to a day high of $39.12. The price has risen in 7 of the last 10 days and is up by 0.05% 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 -86 thousand shares and in total, 262 thousand shares were bought and sold for approximately $10.23 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $38.85 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 24.65% during the next 3 months and, with a 90% probability hold a price between $48.42 and $52.90 at the end of this 3-month period.
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KNTK Signals & Forecast
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 $38.94 and $38.34. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -2.43%. Further fall is indicated until a new bottom pivot has been found. 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 Kinetik Holdings Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $36.99 and $36.66. 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, Kinetik Holdings Inc. finds support just below today's level at $36.99. If this is broken, then the next support from accumulated volume will be at $36.66 and $35.88.
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 $1.14 between high and low, or 2.99%. For the last week the stock has had daily average volatility of 2.41%.
Our recommended stop-loss: $37.42 (-4.14%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (KNTK) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Kinetik Holdings Inc. to open at $38.71, and during the day (based on 14 day Average True Range), to move between $38.17 and $39.89, which gives a possible trading interval of +/-$0.86 (+/-2.21%) up or down from last closing price. If Kinetik Holdings Inc. takes out the full calculated possible swing range there will be an estimated 4.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $39.38 (0.90%) than the support at $36.99 (5.23%), 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 Kinetik Holdings Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Kinetik Holdings Inc. stock to perform well in the short-term.
Current score: 3.256 Buy Candidate Unchanged
Predicted Opening Price for Kinetik Holdings Inc. of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$38.71 ( 0.82%) | $39.03 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 39.84 | 2.08 % | |
R2 | 39.41 | 0.97 % | ||
R1 | 39.14 | 0.287 % | ||
Current price: | 39.03 | |||
Support | S1 | 38.27 | -1.94 % | |
S2 | 38.01 | -2.62 % | ||
S3 | 37.57 | -3.73 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 39.87 | 2.15 % | |
R2 | 39.85 | 2.10 % | ||
R1 | 39.38 | 0.90 % | ||
Current price | 39.03 | |||
Support | S1 | 36.99 | -5.23% | |
S2 | 36.66 | -6.07% | ||
S3 | 35.88 | -8.07% |
KNTK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 18, 2024 | Apr 26, 2024 | May 09, 2024 | $0.750 | 1.92% |
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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