Kadant Inc Stock Forecast
Kadant Inc stock price ended at $283.90 on Thursday, after losing 0.421%.
(Updated on Apr 18, 2024)
The Kadant Inc stock price fell by -0.421% on the last day (Thursday, 18th Apr 2024) from $285.10 to $283.90. During the last trading day the stock fluctuated 1.56% from a day low at $282.84 to a day high of $287.26. The price has fallen in 7 of the last 10 days and is down by -6.41% for this period. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 63 thousand shares were bought and sold for approximately $17.99 million.
Given the current short-term trend, the stock is expected to rise 5.88% during the next 3 months and, with a 90% probability hold a price between $300.59 and $375.09 at the end of this 3-month period.
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KAI Signals & Forecast
There are few to no technical positive signals at the moment. The Kadant 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 $291.32 and $314.64. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 15, 2024, and so far it has fallen -16.65%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Kadant Inc stock
Kadant Inc finds support from accumulated volume at $277.76 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 $4.42 between high and low, or 1.56%. For the last week, the stock has had daily average volatility of 1.80%.
Kadant Inc is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KAI) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Kadant Inc to open at $284.66, and during the day (based on 14 day Average True Range), to move between $276.15 and $291.65, which gives a possible trading interval of +/-$7.75 (+/-2.73%) up or down from last closing price. If Kadant Inc takes out the full calculated possible swing range there will be an estimated 5.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $286.00 (0.74%) than the support at $277.76 (2.16%), 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 Kadant Inc stock A Buy?
The Kadant Inc stock holds several negative signals and despite the positive trend, we believe Kadant Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.262 Sell Candidate Unchanged
Predicted Opening Price for Kadant Inc of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$284.66 ( 0.269%) | $283.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KAI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 289.08 | 1.83 % | |
R2 | 287.39 | 1.23 % | ||
R1 | 286.35 | 0.86 % | ||
Current price: | 283.90 | |||
Support | S1 | 282.97 | -0.326 % | |
S2 | 281.93 | -0.693 % | ||
S3 | 280.24 | -1.29 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 340.62 | 19.98 % | |
R2 | 327.00 | 15.18 % | ||
R1 | 286.00 | 0.740 % | ||
Current price | 283.90 | |||
Support | S1 | 277.76 | -2.16% | |
S2 | 274.11 | -3.45% | ||
S3 | 269.95 | -4.91% |
KAI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 06, 2024 | Apr 09, 2024 | May 08, 2024 | $0.320 | 0.113% |
2 | Nov 16, 2023 | Jan 03, 2024 | Feb 01, 2024 | $0.290 | 0.0995% |
3 | Sep 07, 2023 | Oct 11, 2023 | Nov 09, 2023 | $0.290 | 0.118% |
4 | May 18, 2023 | Jul 12, 2023 | Aug 10, 2023 | $0.290 | 0.136% |
5 | Mar 08, 2023 | Apr 11, 2023 | May 10, 2023 | $0.290 | 0.150% |
FAQ
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