FS KKR Capital Corp. Stock Forecast
Evaluation of FS KKR Capital Corp. stock downgraded after the last trading session.
(Updated on Apr 18, 2024)
The FS KKR Capital Corp. stock price gained 0.577% on the last trading day (Thursday, 18th Apr 2024), rising from $19.05 to $19.16. 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 stock fluctuated 0.84% from a day low at $19.03 to a day high of $19.19. The price has risen in 7 of the last 10 days and is up by 1% over the past 2 weeks. Volume fell on the last day by -158 thousand shares and in total, 1 million shares were bought and sold for approximately $19.57 million. 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 stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $19.17 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.55% during the next 3 months and, with a 90% probability hold a price between $15.90 and $17.34 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FSK Signals & Forecast
The FS KKR Capital Corp. 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 $19.06 and $18.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 4.36%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for FS KKR Capital Corp. stock
FS KKR Capital Corp. finds support from accumulated volume at $18.82 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 $0.160 between high and low, or 0.84%. For the last week the stock has had daily average volatility of 1.60%.
Our recommended stop-loss: $18.18 (-5.11%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (FSK) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect FS KKR Capital Corp. to open at $19.13, and during the day (based on 14 day Average True Range), to move between $18.90 and $19.42, which gives a possible trading interval of +/-$0.262 (+/-1.37%) up or down from last closing price. If FS KKR Capital Corp. takes out the full calculated possible swing range there will be an estimated 2.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.23 (0.37%) than the support at $18.82 (1.77%), 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 FS KKR Capital Corp. stock A Buy?
FS KKR Capital Corp. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.503 Hold/Accumulate Downgraded
Predicted Opening Price for FS KKR Capital Corp. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $19.13 ( 0.174%) | $19.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FSK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.29 | 0.661 % | |
| R2 | 19.23 | 0.342 % | ||
| R1 | 19.19 | 0.145 % | ||
| Current price: | 19.16 | |||
| Support | S1 | 19.07 | -0.493 % | |
| S2 | 19.03 | -0.690 % | ||
| S3 | 18.97 | -1.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.20 | 5.43 % | |
| R2 | 20.07 | 4.75 % | ||
| R1 | 19.23 | 0.365 % | ||
| Current price | 19.16 | |||
| Support | S1 | 18.82 | -1.77% | |
| S2 | 18.68 | -2.51% | ||
| S3 | 18.54 | -3.24% |
FSK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | May 29, 2024 | $0.0500 | 0.261% |
| 2 | Feb 26, 2024 | Mar 12, 2024 | Apr 02, 2024 | $0.700 | 3.66% |
| 3 | Nov 06, 2023 | Feb 13, 2024 | Feb 28, 2024 | $0.0500 | 0.270% |
| 4 | Nov 06, 2023 | Dec 12, 2023 | Jan 03, 2024 | $0.0600 | 0.296% |
| 5 | May 05, 2023 | Nov 14, 2023 | Nov 29, 2023 | $0.0500 | 0.253% |
FAQ
Click here for our free guide on how to buy FS KKR Capital Corp. Stock.
