Kronos Worldwide Inc Stock Forecast
Kronos Worldwide Inc stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 03, 2024)
The Kronos Worldwide Inc stock price gained 0.167% on the last trading day (Friday, 3rd May 2024), rising from $11.98 to $12.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.44% from a day low at $11.90 to a day high of $12.19. The price has risen in 6 of the last 10 days and is up by 5.91% over the past 2 weeks. Volume fell on the last day by -28 thousand shares and in total, 109 thousand shares were bought and sold for approximately $1.31 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 stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 41.68% during the next 3 months and, with a 90% probability hold a price between $15.96 and $19.02 at the end of this 3-month period.
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KRO Signals & Forecast
The Kronos Worldwide Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $11.67 and $11.69. 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). 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 Tuesday, April 09, 2024, and so far it has fallen -2.28%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Kronos Worldwide Inc stock
Kronos Worldwide Inc finds support from accumulated volume at $11.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.290 between high and low, or 2.44%. For the last week the stock has had daily average volatility of 3.02%.
Our recommended stop-loss: $11.60 (-3.33%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (KRO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Kronos Worldwide Inc to open at $12.03, and during the day (based on 14 day Average True Range), to move between $11.65 and $12.35, which gives a possible trading interval of +/-$0.353 (+/-2.94%) up or down from last closing price. If Kronos Worldwide Inc takes out the full calculated possible swing range there will be an estimated 5.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.98 (0.17%) than the resistance at $12.11 (0.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kronos Worldwide Inc stock A Buy?
Kronos Worldwide Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: 0.080 Hold/Accumulate Downgraded
Predicted Opening Price for Kronos Worldwide Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $12.03 ( 0.250%) | $12.00 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 12.32 | 2.67 % | |
| R2 | 12.21 | 1.74 % | ||
| R1 | 12.14 | 1.17 % | ||
| Current price: | 12.00 | |||
| Support | S1 | 11.92 | -0.673 % | |
| S2 | 11.85 | -1.24 % | ||
| S3 | 11.74 | -2.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.23 | 1.92 % | |
| R2 | 12.15 | 1.25 % | ||
| R1 | 12.11 | 0.92 % | ||
| Current price | 12.00 | |||
| Support | S1 | 11.98 | -0.167% | |
| S2 | 11.31 | -5.75% | ||
| S3 | 10.09 | -15.92% |
KRO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Mar 04, 2024 | Mar 14, 2024 | $0.190 | 1.69% |
| 2 | Oct 25, 2023 | Nov 30, 2023 | Dec 14, 2023 | $0.190 | 2.00% |
| 3 | Aug 02, 2023 | Aug 31, 2023 | Sep 14, 2023 | $0.190 | 2.38% |
| 4 | May 17, 2023 | Jun 02, 2023 | Jun 15, 2023 | $0.190 | 2.09% |
| 5 | Feb 22, 2023 | Mar 06, 2023 | Jun 15, 2023 | $0.190 | 2.09% |
FAQ
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