Kaiser Aluminum Corporation Stock Forecast

Kaiser Aluminum Corporation stock price up 0.233% on Thursday
(Updated on Apr 18, 2024)

KALU Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -3.83%. 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). The Kaiser Aluminum Corporation 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 $90.07 and $83.48. A breakdown below any of these levels will issue sell signals. 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. The stock had a Golden Star Signal on Thursday, February 08, 2024 in the long-term chart.

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 Kaiser Aluminum Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $78.30 and $77.09. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Kaiser Aluminum Corporation finds support just below today's level at $78.30. If this is broken, then the next support from accumulated volume will be at $77.09 and $70.61.

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 $2.75 between high and low, or 3.12%. For the last week, the stock has had daily average volatility of 4.20%.

Our recommended stop-loss: $86.22 (-4.38%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (KALU) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Kaiser Aluminum Corporation to open at $89.81, and during the day (based on 14 day Average True Range), to move between $87.15 and $93.19, which gives a possible trading interval of +/-$3.02 (+/-3.34%) up or down from last closing price. If Kaiser Aluminum Corporation takes out the full calculated possible swing range there will be an estimated 6.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $90.62 (0.50%) than the support at $78.30 (13.16%), 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 Kaiser Aluminum Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Kaiser Aluminum Corporation stock to perform well in the short-term.

Current score: 3.625 Buy Candidate Unchanged

Predicted Opening Price for Kaiser Aluminum Corporation of Friday, April 19, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.