Karat Packaging Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Karat Packaging Inc. stock price ended at $28.53 on Friday, after losing 0.592%.
(Updated on May 17, 2024)
The Karat Packaging Inc. stock price fell by -0.592% on the last day (Friday, 17th May 2024) from $28.70 to $28.53. During the last trading day the stock fluctuated 2.97% from a day low at $27.93 to a day high of $28.76. The price has risen in 6 of the last 10 days and is up by 3.15% over the past 2 weeks. 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 -4 thousand shares and in total, 39 thousand shares were bought and sold for approximately $1.12 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $29.29 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.07% during the next 3 months and, with a 90% probability hold a price between $24.50 and $28.40 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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KRT Signals & Forecast
The Karat Packaging Inc. 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 $28.19 and $27.82. 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 Wednesday, May 15, 2024, and so far it has fallen -2.53%. Further fall is indicated until a new bottom pivot has been found. 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 stock had a Golden Star Signal on Thursday, November 30, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, November 30, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Karat Packaging Inc. stock
Karat Packaging Inc. finds support from accumulated volume at $28.31 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 $0.83 between high and low, or 2.97%. For the last week the stock has had daily average volatility of 3.53%.
Our recommended stop-loss: $27.16 (-4.79%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (KRT) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Karat Packaging Inc. to open at $28.41, and during the day (based on 14 day Average True Range), to move between $27.49 and $29.57, which gives a possible trading interval of +/-$1.04 (+/-3.64%) up or down from last closing price. If Karat Packaging Inc. takes out the full calculated possible swing range there will be an estimated 7.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $28.71 (0.63%) than the support at $28.31 (0.77%), 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 Karat Packaging Inc. stock A Buy?
Karat Packaging 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.
Current score: -0.312 Hold/Accumulate Unchanged
Predicted Opening Price for Karat Packaging Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $28.41 ( 0.432%) | $28.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KRT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.24 | 2.48 % | |
| R2 | 28.92 | 1.37 % | ||
| R1 | 28.72 | 0.679 % | ||
| Current price: | 28.53 | |||
| Support | S1 | 28.09 | -1.54 % | |
| S2 | 27.89 | -2.23 % | ||
| S3 | 27.58 | -3.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.10 | 5.50 % | |
| R2 | 28.80 | 0.95 % | ||
| R1 | 28.71 | 0.631 % | ||
| Current price | 28.53 | |||
| Support | S1 | 28.31 | -0.771% | |
| S2 | 26.15 | -8.34% | ||
| S3 | 25.93 | -9.11% |
KRT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 16, 2024 | May 24, 2024 | $0.350 | 1.23% |
| 2 | Feb 07, 2024 | Feb 20, 2024 | Feb 29, 2024 | $0.300 | 1.01% |
| 3 | Nov 07, 2023 | Nov 17, 2023 | Nov 30, 2023 | $0.200 | 0.93% |
| 4 | Aug 09, 2023 | Aug 22, 2023 | Aug 31, 2023 | $0.500 | 2.01% |
| 5 | May 08, 2023 | May 22, 2023 | May 31, 2023 | $0.350 | 2.20% |
FAQ
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