Kkr Real Estate Finance Trust Inc. Stock Forecast
Kkr Real Estate Finance Trust Inc. stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jun 26, 2024)
The Kkr Real Estate Finance Trust Inc. stock price fell by -0.756% on the last day (Wednesday, 26th Jun 2024) from $18.52 to $18.38. During the last trading day the stock fluctuated 0.762% from a day low at $18.38 to a day high of $18.52. The price has fallen in 8 of the last 10 days and is down by -1.71% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 3 thousand shares were bought and sold for approximately $64.18 thousand.
Given the current short-term trend, the stock is expected to rise 4.23% during the next 3 months and, with a 90% probability hold a price between $19.16 and $20.57 at the end of this 3-month period.
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KREF-PA Signals & Forecast
There are few to no technical positive signals at the moment. The Kkr Real Estate Finance Trust Inc. 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 $18.47 and $18.90. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -6.12%. 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 fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Kkr Real Estate Finance Trust Inc. stock
Kkr Real Estate Finance Trust Inc. finds support from accumulated volume at $18.23 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.140 between high and low, or 0.762%. For the last week the stock has had daily average volatility of 0.95%.
Our recommended stop-loss: $17.20 (-6.44%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 61 days ago.)
Trading Expectations (KREF-PA) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Kkr Real Estate Finance Trust Inc. to open at $18.43, and during the day (based on 14 day Average True Range), to move between $18.05 and $18.71, which gives a possible trading interval of +/-$0.331 (+/-1.80%) up or down from last closing price. If Kkr Real Estate Finance Trust Inc. takes out the full calculated possible swing range there will be an estimated 3.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.45 (0.38%) than the support at $18.23 (0.82%), 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 Kkr Real Estate Finance Trust Inc. stock A Buy?
Kkr Real Estate Finance Trust Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.845 Hold/Accumulate Downgraded
Predicted Opening Price for Kkr Real Estate Finance Trust Inc. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $18.43 ( 0.254%) | $18.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KREF-PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.57 | 1.02% |
| R2 | 18.51 | 0.725% |
| R1 | 18.48 | 0.545% |
| Price | 18.38 | |
| S1 | 18.37 | -0.0371% |
| S2 | 18.34 | -0.217% |
| S3 | 18.29 | -0.508% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.76 | 2.07% |
| R2 | 18.69 | 1.69% |
| R1 | 18.45 | 0.381% |
| Price | 18.38 | |
| S1 | 18.23 | -0.82% |
| S2 | 18.20 | -0.98% |
| S3 | 17.63 | -4.08% |
KREF-PA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 14, 2024 | $0.406 | 2.20% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.406 | 2.19% |
| 3 | Nov 29, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.406 | 2.19% |
| 4 | Aug 30, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.406 | 2.27% |
| 5 | May 30, 2023 | May 30, 2023 | Jun 15, 2023 | $0.406 | 2.32% |
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