iKang Healthcare Group Fund Forecast

iKang Healthcare Group fund price ended at $20.53 on Wednesday, after losing 0%.
(Updated on Jan 30, 2019)

KANG Signals & Forecast

The iKang Healthcare Group fund 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 $20.53 and $20.15. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, January 17, 2019, and so far it has fallen -0.0487%. 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 fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for iKang Healthcare Group fund

iKang Healthcare Group finds support from accumulated volume at $20.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

Our recommended stop-loss: $19.81 (-3.51%) (This fund has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (KANG) For The Upcoming Trading Day Of Thursday 31st

For the upcoming trading day on Thursday, 31st we expect iKang Healthcare Group to open at $20.53, and during the day (based on 14 day Average True Range), to move between $20.43 and $20.63, which gives a possible trading interval of +/-$0.0959 (+/-0.47%) up or down from last closing price. If iKang Healthcare Group takes out the full calculated possible swing range there will be an estimated 0.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $20.54 (0.05%) than the support at $20.35 (0.88%), 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 iKang Healthcare Group fund 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 iKang Healthcare Group fund to perform well in the short-term.

Current score: 2.260 Buy Candidate Unchanged

Predicted Opening Price for iKang Healthcare Group of Thursday, January 31, 2019

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