Key Technology, Inc ETF Forecast
Red day on Friday for Key Technology, Inc
(Updated on Jun 14, 2024)
The Key Technology, Inc ETF price fell by -0.87% on the last day (Friday, 14th Jun 2024) from $11.52 to $11.42. During the last trading day the ETF fluctuated 0.697% from a day low at $11.42 to a day high of $11.50. The price has risen in 6 of the last 10 days but is still down by -1.72% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -2 thousand shares and in total, 2 thousand shares were bought and sold for approximately $21.78 thousand.
The ETF lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.31 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 13.62% during the next 3 months and, with a 90% probability hold a price between $12.85 and $15.44 at the end of this 3-month period.
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KTEC Signals & Forecast
There are few to no technical positive signals at the moment. The Key Technology, Inc ETF 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 $11.60 and $12.10. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -12.82%. 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 ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Key Technology, Inc ETF
Key Technology, Inc finds support from accumulated volume at $11.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.0796 between high and low, or 0.697%. For the last week the ETF has had daily average volatility of 1.33%.
Our recommended stop-loss: $10.71 (-6.26%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (KTEC) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Key Technology, Inc to open at $11.45, and during the day (based on 14 day Average True Range), to move between $11.18 and $11.66, which gives a possible trading interval of +/-$0.236 (+/-2.06%) up or down from last closing price. If Key Technology, Inc takes out the full calculated possible swing range there will be an estimated 4.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.33 (0.79%) than the resistance at $11.62 (1.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Key Technology, Inc ETF A Buy?
Key Technology, Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.959 Hold/Accumulate Unchanged
Predicted Opening Price for Key Technology, Inc of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $11.45 ( 0.232%) | $11.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KTEC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.53 | 0.93% |
| R2 | 11.50 | 0.663% |
| R1 | 11.48 | 0.499% |
| Price | 11.42 | |
| S1 | 11.42 | -0.0339% |
| S2 | 11.40 | -0.198% |
| S3 | 11.37 | -0.465% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.85 | 12.52% |
| R2 | 12.66 | 10.86% |
| R1 | 11.62 | 1.75% |
| Price | 11.42 | |
| S1 | 11.33 | -0.788% |
| S2 | 11.07 | -3.04% |
| S3 | 11.06 | -3.15% |
KTEC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.0930 | 0.82% |
| 2 | Dec 27, 2022 | Dec 28, 2022 | Dec 30, 2022 | $0.0210 | 0.162% |
FAQ
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