Kaufman & Broad S.A. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Kaufman & Broad S.A. stock downgraded to Buy Candidate
(Updated on May 08, 2024)
The Kaufman & Broad S.A. stock price fell by -0.155% on the last day (Wednesday, 8th May 2024) from 32.20€ to 32.15€. During the last trading day the stock fluctuated 3.47% from a day low at 31.70€ to a day high of 32.80€. The price has risen in 6 of the last 10 days and is up by 7.71% over the past 2 weeks. Volume has increased on the last day by 19 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, 39 thousand shares were bought and sold for approximately 1.26€ million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 32.22€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.77% during the next 3 months and, with a 90% probability hold a price between 28.81€ and 33.76€ at the end of this 3-month period.
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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 31.11€ and 28.78€. 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). 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, May 07, 2024, and so far it has fallen -0.155%. Further fall is indicated until a new bottom pivot has been found. Kaufman & Broad S.A. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Kaufman & Broad S.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at 29.95€ and 26.95€. 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, Kaufman & Broad S.A. finds support just below today's level at 29.95€. If this is broken, then the next support from accumulated volume will be at 26.95€ and 26.45€.
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 1.10€ between high and low, or 3.47%. For the last week, the stock has had daily average volatility of 2.48%.
Our recommended stop-loss: 31.36€ (-2.46%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (KOF.PA) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Kaufman & Broad S.A. to open at 32.22€, and during the day (based on 14 day Average True Range), to move between 31.48€ and 32.82€, which gives a possible trading interval of +/-0.666€ (+/-2.07%) 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 4.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 32.20€ (0.16%) than the support at 29.95€ (6.84%), 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, 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 Kaufman & Broad S.A. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.248 Buy Candidate Downgraded
Predicted Opening Price for Kaufman & Broad S.A. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| 32.22€ ( 0.207%) | 32.15€ |
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 | 33.32 | 3.63 % | |
| R2 | 32.90 | 2.32 % | ||
| R1 | 32.64 | 1.51 % | ||
| Current price: | 32.15 | |||
| Support | S1 | 31.80 | -1.10 % | |
| S2 | 31.54 | -1.91 % | ||
| S3 | 31.12 | -3.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 32.20 | 0.156 % | ||
| Current price | 32.15 | |||
| Support | S1 | 29.95 | -6.84% | |
| S2 | 26.95 | -16.17% | ||
| S3 | 26.45 | -17.73% |
KOF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 30, 2024 | 2.40€ | 7.38% |
| 2 | May 09, 2024 | May 09, 2024 | May 13, 2024 | 2.40€ | 7.38% |
| 3 | May 09, 2023 | May 09, 2023 | May 09, 2023 | 2.40€ | 8.86% |
| 4 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | 1.95€ | 7.36% |
| 5 | Jun 28, 2021 | Jun 28, 2021 | Jun 28, 2021 | 1.85€ | 4.63% |
FAQ
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