Kerry Group Plc Stock Forecast
Green day on Friday for Kerry Group Plc stock after gaining 0.543%
(Updated on May 24, 2024)
The Kerry Group Plc stock price gained 0.543% on the last trading day (Friday, 24th May 2024), rising from $84.69 to $85.15. During the last trading day the stock fluctuated 0.732% from a day low at $84.73 to a day high of $85.35. The price has fallen in 6 of the last 10 days and is down by -1.57% for this period. Volume fell on the last day by -28 thousand shares and in total, 5 thousand shares were bought and sold for approximately $399.78 thousand. 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 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 -3.45% during the next 3 months and, with a 90% probability hold a price between $79.51 and $84.32 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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KRYAY Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 0.543%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kerry Group Plc 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 $85.53 and $85.89. 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). 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 Kerry Group Plc stock
Kerry Group Plc finds support from accumulated volume at $84.76 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 therefore the general risk is considered very 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 $0.620 between high and low, or 0.732%. For the last week the stock has had daily average volatility of 1.34%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KRYAY) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Kerry Group Plc to open at $85.08, and during the day (based on 14 day Average True Range), to move between $84.08 and $86.22, which gives a possible trading interval of +/-$1.07 (+/-1.26%) up or down from last closing price. If Kerry Group Plc takes out the full calculated possible swing range there will be an estimated 2.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $84.76 (0.46%) than the resistance at $85.83 (0.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kerry Group Plc stock A Buy?
Kerry Group Plc 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.
Current score: -3.380 Sell Candidate Unchanged
Predicted Opening Price for Kerry Group Plc of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $85.08 ( 0.0861%) | $85.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KRYAY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 85.70 | 0.642 % | |
| R2 | 85.46 | 0.364 % | ||
| R1 | 85.31 | 0.192 % | ||
| Current price: | 85.15 | |||
| Support | S1 | 84.84 | -0.364 % | |
| S2 | 84.69 | -0.536 % | ||
| S3 | 84.46 | -0.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 86.29 | 1.34 % | |
| R2 | 85.85 | 0.83 % | ||
| R1 | 85.83 | 0.799 % | ||
| Current price | 85.15 | |||
| Support | S1 | 84.76 | -0.458% | |
| S2 | 84.69 | -0.540% | ||
| S3 | 84.63 | -0.611% |
KRYAY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | May 20, 2024 | $0.88 | 1.03% |
| 2 | Sep 26, 2023 | Oct 12, 2023 | Nov 20, 2023 | $0.366 | 0.462% |
| 3 | Jul 12, 2023 | Apr 13, 2023 | May 22, 2023 | $0.794 | 0.764% |
| 4 | Oct 01, 2022 | Oct 13, 2022 | Nov 21, 2022 | $0.314 | 0.328% |
| 5 | Apr 01, 2022 | Apr 07, 2022 | May 16, 2022 | $0.741 | 0.684% |
FAQ
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