Kiwi Property Group Limited Stock Forecast
Weaker technical forecast for Kiwi Property Group Limited as stock downgraded to Sell Candidate.
(Updated on May 15, 2024)
No changes to the price of Kiwi Property Group Limited stock on the last trading day (Wednesday, 15th May 2024). During the last trading day the stock fluctuated 1.25% from a day low at $0.80 to a day high of $0.81. The price has been going up and down for this period, and there has been a -0.62% loss for the last 2 weeks.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.58% during the next 3 months and, with a 90% probability hold a price between $0.753 and $0.82 at the end of this 3-month period.
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KPG.NZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 2.55%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kiwi Property Group Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.81 and $0.83. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Kiwi Property Group Limited stock
Kiwi Property Group Limited finds support from accumulated volume at $0.80 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 $0.0100 between high and low, or 1.25%. For the last week the stock has had daily average volatility of 2.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KPG.NZ) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Kiwi Property Group Limited to open at $0.81, and during the day (based on 14 day Average True Range), to move between $0.785 and $0.82, which gives a possible trading interval of +/-$0.0198 (+/-2.46%) up or down from last closing price. If Kiwi Property Group Limited takes out the full calculated possible swing range there will be an estimated 4.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.80 (0.62%) than the resistance at $0.83 (3.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Kiwi Property Group Limited will release earnings BMO on Monday, May 20, 2024. We will update the financials statements for Kiwi Property Group Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.96% in the first trading day after earnings release.
Is Kiwi Property Group Limited stock A Buy?
Kiwi Property Group Limited holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.809 Sell Candidate Downgraded
Predicted Opening Price for Kiwi Property Group Limited of Thursday, May 16, 2024
Fair opening price May 16, 2024 | Current price |
---|---|
$0.81 ( 0%) | $0.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KPG.NZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.82 | 1.24 % | |
R2 | 0.81 | 0.768 % | ||
R1 | 0.81 | 0.475 % | ||
Current price: | 0.81 | |||
Support | S1 | 0.80 | -0.475 % | |
S2 | 0.799 | -0.768 % | ||
S3 | 0.795 | -1.24 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.85 | 4.97 % | |
R2 | 0.84 | 4.35 % | ||
R1 | 0.83 | 3.11 % | ||
Current price | 0.81 | |||
Support | S1 | 0.80 | -0.621% | |
S2 | 0.785 | -2.48% | ||
S3 | 0 | . |
KPG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 14, 2024 | Mar 14, 2024 | Mar 22, 2024 | $0.0157 | 1.92% |
2 | Dec 04, 2023 | Dec 04, 2023 | Dec 04, 2023 | $0 | 0% |
3 | Sep 05, 2023 | Sep 05, 2023 | Sep 05, 2023 | $0.0143 | 1.67% |
4 | Jun 06, 2023 | Jun 06, 2023 | Jun 06, 2023 | $0.0143 | 1.59% |
5 | Mar 15, 2023 | Mar 15, 2023 | Mar 15, 2023 | $0.0143 | 1.63% |
FAQ
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