Koppers Holdings Inc Stock Forecast
Red day on Thursday for Koppers Holdings Inc
(Updated on Apr 18, 2024)
The Koppers Holdings Inc stock price fell by -0.691% on the last day (Thursday, 18th Apr 2024) from $53.52 to $53.15. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.47% from a day low at $52.94 to a day high of $54.25. The price has fallen in 6 of the last 10 days and is down by -3.47% for this period. Volume has increased on the last day by 3 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, 93 thousand shares were bought and sold for approximately $4.97 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $52.87 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 9.38% during the next 3 months and, with a 90% probability hold a price between $57.83 and $65.60 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
KOP Signals & Forecast
There are few to no technical positive signals at the moment. The Koppers Holdings Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $54.94 and $54.28. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, February 28, 2024, and so far it has fallen -6.87%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Koppers Holdings Inc stock
Koppers Holdings Inc finds support from accumulated volume at $53.10 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 $1.31 between high and low, or 2.47%. For the last week the stock has had daily average volatility of 3.13%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KOP) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Koppers Holdings Inc to open at $53.45, and during the day (based on 14 day Average True Range), to move between $51.66 and $54.64, which gives a possible trading interval of +/-$1.49 (+/-2.79%) up or down from last closing price. If Koppers Holdings Inc takes out the full calculated possible swing range there will be an estimated 5.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $53.10 (0.09%) than the resistance at $53.48 (0.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Koppers Holdings Inc stock A Buy?
The Koppers Holdings Inc stock holds several negative signals and despite the positive trend, we believe Koppers Holdings Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.903 Sell Candidate Unchanged
Predicted Opening Price for Koppers Holdings Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $53.45 ( 0.555%) | $53.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KOP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.75 | 3.01 % | |
| R2 | 54.25 | 2.07 % | ||
| R1 | 53.94 | 1.49 % | ||
| Current price: | 53.15 | |||
| Support | S1 | 52.95 | -0.383 % | |
| S2 | 52.64 | -0.96 % | ||
| S3 | 52.14 | -1.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 57.07 | 7.38 % | |
| R2 | 55.50 | 4.42 % | ||
| R1 | 53.48 | 0.621 % | ||
| Current price | 53.15 | |||
| Support | S1 | 53.10 | -0.0941% | |
| S2 | 53.02 | -0.245% | ||
| S3 | 52.97 | -0.339% |
KOP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 07, 2024 | Mar 07, 2024 | $0 | 0% |
| 2 | Nov 02, 2023 | Nov 22, 2023 | Dec 11, 2023 | $0.0600 | 0.136% |
| 3 | Aug 02, 2023 | Aug 24, 2023 | Sep 11, 2023 | $0.0600 | 0.159% |
| 4 | May 04, 2023 | May 25, 2023 | Jun 12, 2023 | $0.0600 | 0.182% |
| 5 | Feb 16, 2023 | Mar 09, 2023 | Mar 27, 2023 | $0.0600 | 0.180% |
FAQ
Click here for our free guide on how to buy Koppers Holdings Inc Stock.
