Kerry Group Plc Stock Forecast
Kerry Group Plc stock price ended at $85.92 on Friday, after losing 0.106%.
(Updated on May 17, 2024)
The Kerry Group Plc stock price fell by -0.106% on the last day (Friday, 17th May 2024) from $86.02 to $85.92. During the last trading day the stock fluctuated 0.402% from a day low at $85.75 to a day high of $86.09. The price has fallen in 7 of the last 10 days and is down by -0.57% 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 -2 thousand shares and in total, 2 thousand shares were bought and sold for approximately $211.20 thousand.
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 -2.87% during the next 3 months and, with a 90% probability hold a price between $80.45 and $85.41 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
The Kerry Group Plc 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 $86.02. On a fall, the stock will find some support from the long-term average at approximately $85.90. 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. 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 Thursday, May 02, 2024, and so far it has fallen -2.49%. 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.
Support, Risk & Stop-loss for Kerry Group Plc stock
Kerry Group Plc finds support from accumulated volume at $85.83 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 $0.345 between high and low, or 0.402%. For the last week the stock has had daily average volatility of 0.666%
Our recommended stop-loss: $81.95 (-4.63%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (KRYAY) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Kerry Group Plc to open at $85.92, and during the day (based on 14 day Average True Range), to move between $84.92 and $86.93, which gives a possible trading interval of +/-$1.01 (+/-1.17%) up or down from last closing price. If Kerry Group Plc takes out the full calculated possible swing range there will be an estimated 2.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $85.83 (0.11%) than the resistance at $86.29 (0.43%), 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 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: 0.647 Hold/Accumulate Unchanged
Predicted Opening Price for Kerry Group Plc of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $85.92 ( 0.0047%) | $85.92 |
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 | 86.26 | 0.397 % | |
| R2 | 86.13 | 0.243 % | ||
| R1 | 86.05 | 0.149 % | ||
| Current price: | 85.92 | |||
| Support | S1 | 85.79 | -0.158 % | |
| S2 | 85.71 | -0.253 % | ||
| S3 | 85.57 | -0.406 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 88.14 | 2.58 % | |
| R2 | 87.40 | 1.72 % | ||
| R1 | 86.29 | 0.427 % | ||
| Current price | 85.92 | |||
| Support | S1 | 85.83 | -0.109% | |
| S2 | 84.76 | -1.35% | ||
| S3 | 84.63 | -1.51% |
KRYAY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | May 20, 2024 | $0.88 | 1.02% |
| 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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