KBR Inc Stock Forecast
Green day on Wednesday for KBR Inc stock after gaining 0.280%
(Updated on Apr 24, 2024)
The KBR Inc stock price gained 0.280% on the last trading day (Wednesday, 24th Apr 2024), rising from $64.20 to $64.38. It has now gained 4 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 1.11% from a day low at $63.73 to a day high of $64.44. The price has risen in 6 of the last 10 days and is up by 0.72% over the past 2 weeks. Volume fell on the last day by -335 thousand shares and in total, 846 thousand shares were bought and sold for approximately $54.46 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 in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 22.60% during the next 3 months and, with a 90% probability hold a price between $77.11 and $82.81 at the end of this 3-month period.
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KBR Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -0.85%. 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 KBR 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 $62.96 and $62.39. 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.
Support, Risk & Stop-loss for KBR Inc stock
KBR Inc finds support from accumulated volume at $61.72 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 $0.710 between high and low, or 1.11%. For the last week the stock has had daily average volatility of 1.56%.
Our recommended stop-loss: $62.05 (-3.62%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (KBR) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect KBR Inc to open at $64.18, and during the day (based on 14 day Average True Range), to move between $63.29 and $65.47, which gives a possible trading interval of +/-$1.09 (+/-1.69%) up or down from last closing price. If KBR Inc takes out the full calculated possible swing range there will be an estimated 3.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $64.93 (0.85%) than the support at $61.72 (4.13%), 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.
Earnings coming up
KBR Inc will release earnings BMO on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.700. We will update the financials statements for KBR Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.30% in the first trading day after earnings release.
Is KBR Inc 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 KBR Inc stock to perform well in the short-term.
Current score: 4.374 Buy Candidate Unchanged
Predicted Opening Price for KBR Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $64.18 ( 0.305%) | $64.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KBR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 64.89 | 0.797 % | |
| R2 | 64.62 | 0.376 % | ||
| R1 | 64.45 | 0.116 % | ||
| Current price: | 64.38 | |||
| Support | S1 | 63.91 | -0.727 % | |
| S2 | 63.74 | -0.99 % | ||
| S3 | 63.47 | -1.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 64.93 | 0.85 % | ||
| Current price | 64.38 | |||
| Support | S1 | 61.72 | -4.13% | |
| S2 | 58.84 | -8.61% | ||
| S3 | 57.45 | -10.76% |
KBR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 19, 2024 | Mar 14, 2024 | Apr 15, 2024 | $0.150 | 0.243% |
| 2 | Oct 18, 2023 | Dec 14, 2023 | Jan 16, 2024 | $0.140 | 0.259% |
| 3 | Aug 23, 2023 | Sep 14, 2023 | Oct 16, 2023 | $0.140 | 0.229% |
| 4 | May 17, 2023 | Jun 14, 2023 | Jul 14, 2023 | $0.135 | 0.210% |
| 5 | Feb 10, 2023 | Mar 14, 2023 | Apr 14, 2023 | $0.135 | 0.239% |
FAQ
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