Key Technology, Inc ETF Forecast
Green day on Wednesday for Key Technology, Inc
(Updated on Jul 03, 2024)
The Key Technology, Inc ETF price gained 2.42% on the last trading day (Wednesday, 3rd Jul 2024), rising from $11.17 to $11.44. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 1.41% from a day low at $11.34 to a day high of $11.50. The price has been going up and down for this period, and there has been a -1.7% loss for the last 2 weeks. Volume fell on the last day by -11 thousand shares and in total, 14 thousand shares were bought and sold for approximately $165.83 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 ETF lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.06 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 5.23% during the next 3 months and, with a 90% probability hold a price between $11.64 and $14.14 at the end of this 3-month period.
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KTEC Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 3.72%. Further rise is indicated until a new top pivot has been found. 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. The Key Technology, Inc ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $11.83. On a fall, the ETF will find some support from the short-term average at $11.25. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 Key Technology, Inc ETF
Key Technology, Inc finds support from accumulated volume at $11.41 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the ETF. During the last day, the ETF moved $0.160 between high and low, or 1.41%. For the last week the ETF has had daily average volatility of 1.06%.
Our recommended stop-loss: $10.90 (-4.76%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (KTEC) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Key Technology, Inc to open at $11.43, and during the day (based on 14 day Average True Range), to move between $11.24 and $11.64, which gives a possible trading interval of +/-$0.197 (+/-1.72%) up or down from last closing price. If Key Technology, Inc takes out the full calculated possible swing range there will be an estimated 3.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.41 (0.26%) than the resistance at $11.62 (1.57%), 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 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: -0.017 Hold/Accumulate Unchanged
Predicted Opening Price for Key Technology, Inc of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $11.43 ( 0.117%) | $11.44 |
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 | 11.59 | 1.28% |
| R2 | 11.53 | 0.747% |
| R1 | 11.49 | 0.417% |
| Price | 11.44 | |
| S1 | 11.37 | -0.651% |
| S2 | 11.33 | -0.98% |
| S3 | 11.27 | -1.51% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.85 | 12.33% |
| R2 | 12.66 | 10.66% |
| R1 | 11.62 | 1.57% |
| Price | 11.44 | |
| S1 | 11.41 | -0.262% |
| S2 | 11.17 | -2.36% |
| S3 | 11.12 | -2.80% |
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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