Kaufman & Broad S.A. Stock Forecast
Kaufman & Broad S.A. stock upgraded to Buy Candidate.
(Updated on Apr 26, 2024)
The Kaufman & Broad S.A. stock price gained 2.57% on the last trading day (Friday, 26th Apr 2024), rising from 29.20€ to 29.95€. During the last trading day the stock fluctuated 2.56% from a day low at 29.35€ to a day high of 30.10€. The price has fallen in 6 of the last 10 days but is still up by 0.17% 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, 4 thousand more shares were traded than the day before. In total, 14 thousand shares were bought and sold for approximately 407.32€ thousand.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is 29.89€, a level that may pose a second chance to hit a runner. According to fan-theory 33.70€ 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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KOF.PA Signals & Forecast
The Kaufman & Broad S.A. 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 29.38€ and 27.98€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Kaufman & Broad S.A. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Thursday, April 11, 2024, and so far it has fallen -0.167%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Kaufman & Broad S.A. stock
Kaufman & Broad S.A. finds support from accumulated volume at 29.50€ 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.750€ between high and low, or 2.56%. For the last week, the stock has had daily average volatility of 1.95%.
Our recommended stop-loss: 28.84€ (-3.71%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (KOF.PA) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Kaufman & Broad S.A. to open at 29.80€, and during the day (based on 14 day Average True Range), to move between 29.31€ and 30.59€, which gives a possible trading interval of +/-0.635€ (+/-2.12%) up or down from last closing price. If Kaufman & Broad S.A. takes out the full calculated possible swing range there will be an estimated 4.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 30.00€ (0.17%) than the support at 29.50€ (1.50%), 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 Kaufman & Broad S.A. stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.420 Buy Candidate Upgraded
Predicted Opening Price for Kaufman & Broad S.A. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| 29.80€ ( 0.501%) | 29.95€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KOF.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.55 | 2.00 % | |
| R2 | 30.26 | 1.05 % | ||
| R1 | 30.09 | 0.456 % | ||
| Current price: | 29.95 | |||
| Support | S1 | 29.51 | -1.46 % | |
| S2 | 29.34 | -2.05 % | ||
| S3 | 29.05 | -3.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.30 | 1.17 % | |
| R2 | 30.05 | 0.334 % | ||
| R1 | 30.00 | 0.167 % | ||
| Current price | 29.95 | |||
| Support | S1 | 29.50 | -1.50% | |
| S2 | 26.95 | -10.02% | ||
| S3 | 26.45 | -11.69% |
KOF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 30, 2024 | 2.40€ | 7.99% |
| 2 | May 09, 2023 | May 09, 2023 | May 09, 2023 | 2.40€ | 8.86% |
| 3 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | 1.95€ | 7.36% |
| 4 | Jun 28, 2021 | Jun 28, 2021 | Jun 28, 2021 | 1.85€ | 4.63% |
| 5 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | 1.85€ | 4.83% |
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