Kronos Worldwide Inc Stock Forecast
Kronos Worldwide Inc stock price ended at $13.20 on Thursday, after losing 1.20%.
(Updated on Jun 20, 2024)
The Kronos Worldwide Inc stock price fell by -1.20% on the last day (Thursday, 20th Jun 2024) from $13.36 to $13.20. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 5.62% from a day low at $13.17 to a day high of $13.91. The price has fallen in 7 of the last 10 days and is down by -5.51% for this period. Volume has increased on the last day by 135 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, 260 thousand shares were bought and sold for approximately $3.43 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $12.93 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 21.17% during the next 3 months and, with a 90% probability hold a price between $15.67 and $18.18 at the end of this 3-month period.
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KRO Signals & Forecast
A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -8.40%. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Kronos Worldwide Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $13.62. On a fall, the stock will find some support from the long-term average at approximately $13.19. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for Kronos Worldwide Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $11.98 and $11.80. 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, Kronos Worldwide Inc finds support just below today's level at $11.98. If this is broken, then the next support from accumulated volume will be at $11.80 and $11.60.
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 $0.740 between high and low, or 5.62%. For the last week, the stock has had daily average volatility of 3.99%.
Our recommended stop-loss: $12.50 (-5.32%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 43 days ago.)
Trading Expectations (KRO) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Kronos Worldwide Inc to open at $13.43, and during the day (based on 14 day Average True Range), to move between $12.71 and $13.69, which gives a possible trading interval of +/-$0.492 (+/-3.73%) up or down from last closing price. If Kronos Worldwide Inc takes out the full calculated possible swing range there will be an estimated 7.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.44 (1.82%) than the support at $11.98 (9.24%), 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 Kronos Worldwide Inc stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.713 Buy Candidate Unchanged
Predicted Opening Price for Kronos Worldwide Inc of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
$13.43 ( 1.72%) | $13.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KRO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 14.17 | 7.32% |
R2 | 13.88 | 5.18% |
R1 | 13.71 | 3.86% |
Price | 13.20 | |
S1 | 13.14 | -0.424% |
S2 | 12.97 | -1.75% |
S3 | 12.69 | -3.89% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 14.17 | 7.35% |
R2 | 13.94 | 5.61% |
R1 | 13.44 | 1.82% |
Price | 13.20 | |
S1 | 11.98 | -9.24% |
S2 | 11.80 | -10.61% |
S3 | 11.60 | -12.12% |
KRO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 10, 2024 | Jun 10, 2024 | Jun 20, 2024 | $0.190 | 1.44% |
2 | Feb 21, 2024 | Mar 04, 2024 | Mar 14, 2024 | $0.190 | 1.69% |
3 | Oct 25, 2023 | Nov 30, 2023 | Dec 14, 2023 | $0.190 | 2.00% |
4 | Aug 02, 2023 | Aug 31, 2023 | Sep 14, 2023 | $0.190 | 2.38% |
5 | May 17, 2023 | Jun 02, 2023 | Jun 15, 2023 | $0.190 | 2.09% |
FAQ
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