Kosmos Energy Stock Forecast
Green day on Thursday for Kosmos Energy stock after gaining 1.19%
(Updated on Mar 28, 2024)
The Kosmos Energy stock price gained 1.19% on the last trading day (Thursday, 28th Mar 2024), rising from $5.89 to $5.96. During the last trading day the stock fluctuated 2.46% from a day low at $5.90 to a day high of $6.05. The price has risen in 6 of the last 10 days and is up by 2.58% over the past 2 weeks. Volume fell on the last day by -885 thousand shares and in total, 8 million shares were bought and sold for approximately $48.38 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $5.95, a level that may pose a second chance to hit a runner. According to fan-theory $7.00 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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KOS Signals & Forecast
The Kosmos Energy 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 $5.88 and $5.80. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Friday, March 01, 2024, and so far it has fallen -4.64%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Kosmos Energy stock
On the downside, the stock finds support just below today's level from accumulated volume at $5.59 and $5.42. 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, Kosmos Energy finds support just below today's level at $5.59. If this is broken, then the next support from accumulated volume will be at $5.42 and $5.40.
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 $0.145 between high and low, or 2.46%. For the last week, the stock has had daily average volatility of 4.40%.
Our recommended stop-loss: $5.76 (-3.35%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (KOS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Kosmos Energy Ltd to open at $5.97, and during the day (based on 14 day Average True Range), to move between $5.71 and $6.21, which gives a possible trading interval of +/-$0.252 (+/-4.23%) up or down from last closing price. If Kosmos Energy Ltd takes out the full calculated possible swing range there will be an estimated 8.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.00 (0.67%) than the support at $5.59 (6.21%), 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 Kosmos Energy Ltd 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.
Current score: 1.013 Buy Candidate Unchanged
Predicted Opening Price for Kosmos Energy Ltd of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$5.97 ( 0.140%) | $5.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KOS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.11 | 2.57 % | |
R2 | 6.06 | 1.64 % | ||
R1 | 6.02 | 1.07 % | ||
Current price: | 5.96 | |||
Support | S1 | 5.91 | -0.790 % | |
S2 | 5.88 | -1.36 % | ||
S3 | 5.82 | -2.29 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.50 | 9.06 % | |
R2 | 6.25 | 4.87 % | ||
R1 | 6.00 | 0.671 % | ||
Current price | 5.96 | |||
Support | S1 | 5.59 | -6.21% | |
S2 | 5.42 | -9.06% | ||
S3 | 5.40 | -9.40% |
KOS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 24, 2020 | Mar 04, 2020 | Mar 26, 2020 | $0.0450 | 4.46% |
2 | Nov 04, 2019 | Nov 29, 2019 | Dec 23, 2019 | $0.0450 | 0.82% |
3 | Aug 05, 2019 | Sep 04, 2019 | Sep 26, 2019 | $0.0450 | 0.688% |
4 | May 06, 2019 | Jun 05, 2019 | Jun 27, 2019 | $0.0450 | 0.725% |
5 | Feb 25, 2019 | Mar 06, 2019 | Mar 28, 2019 | $0.0450 | 0.754% |
FAQ
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