Kontoor Brands Inc. Stock Forecast
Kontoor Brands Inc. stock price ended at $64.83 on Tuesday, after losing 0.0617%.
(Updated on Jul 02, 2024)
The Kontoor Brands Inc. stock price fell by -0.0617% on the last day (Tuesday, 2nd Jul 2024) from $64.87 to $64.83. During the last trading day the stock fluctuated 0.82% from a day low at $64.58 to a day high of $65.11. The price has fallen in 7 of the last 10 days and is down by -5.16% 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 -25 thousand shares and in total, 245 thousand shares were bought and sold for approximately $15.86 million.
Given the current short-term trend, the stock is expected to rise 24.94% during the next 3 months and, with a 90% probability hold a price between $81.00 and $98.16 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
KTB Signals & Forecast
There are few to no technical positive signals at the moment. The Kontoor Brands Inc. 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 $66.29 and $69.91. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -12.70%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Kontoor Brands Inc. stock
Kontoor Brands Inc. finds support from accumulated volume at $62.20 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.530 between high and low, or 0.82%. For the last week, the stock has had daily average volatility of 2.43%.
Kontoor Brands Inc. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KTB) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Kontoor Brands Inc. to open at $64.84, and during the day (based on 14 day Average True Range), to move between $63.21 and $66.45, which gives a possible trading interval of +/-$1.62 (+/-2.49%) up or down from last closing price. If Kontoor Brands Inc. takes out the full calculated possible swing range there will be an estimated 4.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $65.65 (1.26%) than the support at $62.20 (4.06%), 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 Kontoor Brands Inc. stock A Buy?
The Kontoor Brands Inc. stock holds several negative signals and despite the positive trend, we believe Kontoor Brands Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.701 Sell Candidate Unchanged
Predicted Opening Price for Kontoor Brands Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $64.84 ( 0.0154%) | $64.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KTB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 65.37 | 0.83% |
| R2 | 65.17 | 0.521% |
| R1 | 65.04 | 0.328% |
| Price | 64.83 | |
| S1 | 64.64 | -0.297% |
| S2 | 64.51 | -0.490% |
| S3 | 64.31 | -0.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 67.37 | 3.92% |
| R2 | 65.78 | 1.47% |
| R1 | 65.65 | 1.26% |
| Price | 64.83 | |
| S1 | 62.20 | -4.06% |
| S2 | 62.14 | -4.15% |
| S3 | 61.86 | -4.58% |
KTB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | Jun 10, 2024 | Jun 20, 2024 | $0.500 | 0.751% |
| 2 | Feb 16, 2024 | Mar 07, 2024 | Mar 18, 2024 | $0.500 | 0.87% |
| 3 | Oct 27, 2023 | Dec 07, 2023 | Dec 18, 2023 | $0.500 | 0.84% |
| 4 | Jul 21, 2023 | Sep 07, 2023 | Sep 18, 2023 | $0.480 | 1.12% |
| 5 | Apr 21, 2023 | Jun 08, 2023 | Sep 18, 2023 | $0.480 | 1.12% |
FAQ
Click here for our free guide on how to buy Kontoor Brands Inc. Stock.
