Evergy Inc. Stock Forecast
Evergy Inc. stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)
The Evergy Inc. stock price gained 0.622% on the last trading day (Thursday, 28th Mar 2024), rising from $53.05 to $53.38. During the last trading day the stock fluctuated 1.13% from a day low at $52.99 to a day high of $53.59. The price has risen in 6 of the last 10 days and is up by 4.79% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 53 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $101.80 million.
Given the current short-term trend, the stock is expected to fall -2.19% during the next 3 months and, with a 90% probability hold a price between $46.91 and $52.21 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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EVRG Signals & Forecast
Mostly positive signals in the chart today. The Evergy Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $52.05 and $50.70. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 08, 2024, and so far it has risen 9.79%. 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). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Monday, March 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, December 27, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, March 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, December 27, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, March 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, December 27, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Evergy Inc. stock
Evergy Inc. finds support from accumulated volume at $51.79 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.600 between high and low, or 1.13%. For the last week the stock has had daily average volatility of 1.78%.
Our recommended stop-loss: $51.43 (-3.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (EVRG) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Evergy Inc. to open at $53.32, and during the day (based on 14 day Average True Range), to move between $52.47 and $54.29, which gives a possible trading interval of +/-$0.91 (+/-1.71%) up or down from last closing price. If Evergy Inc. takes out the full calculated possible swing range there will be an estimated 3.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $53.87 (0.92%) than the support at $51.79 (2.98%), 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 Evergy Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.386 Buy Candidate Upgraded
Predicted Opening Price for Evergy Inc. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$53.32 ( 0.112%) | $53.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVRG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 53.92 | 1.01 % | |
R2 | 53.69 | 0.582 % | ||
R1 | 53.55 | 0.317 % | ||
Current price: | 53.38 | |||
Support | S1 | 53.09 | -0.542 % | |
S2 | 52.95 | -0.81 % | ||
S3 | 52.72 | -1.24 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 54.21 | 1.55 % | |
R2 | 54.08 | 1.31 % | ||
R1 | 53.87 | 0.92 % | ||
Current price | 53.38 | |||
Support | S1 | 51.79 | -2.98% | |
S2 | 51.63 | -3.28% | ||
S3 | 50.77 | -4.89% |
EVRG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 27, 2024 | Mar 08, 2024 | Mar 22, 2024 | $0.643 | 1.24% |
2 | Oct 31, 2023 | Nov 21, 2023 | Dec 20, 2023 | $0.643 | 1.26% |
3 | Aug 04, 2023 | Aug 21, 2023 | Sep 20, 2023 | $0.613 | 1.13% |
4 | Aug 04, 2023 | Aug 18, 2023 | Sep 20, 2023 | $0.613 | 1.13% |
5 | May 02, 2023 | May 18, 2023 | Jun 20, 2023 | $0.613 | 1.04% |
FAQ
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