Kirby Corporation Stock Forecast
Green day on Friday for Kirby Corporation
(Updated on Apr 19, 2024)
The Kirby Corporation stock price gained 0.88% on the last trading day (Friday, 19th Apr 2024), rising from $94.97 to $95.81. During the last trading day the stock fluctuated 1.58% from a day low at $94.89 to a day high of $96.39. The price has fallen in 7 of the last 10 days and is down by -3.07% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 62 thousand more shares were traded than the day before. In total, 295 thousand shares were bought and sold for approximately $28.25 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $95.29 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 24.09% during the next 3 months and, with a 90% probability hold a price between $118.24 and $127.27 at the end of this 3-month period.
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KEX Signals & Forecast
The Kirby Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $96.64. On a fall, the stock will find some support from the long-term average at approximately $93.15. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. 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 Tuesday, April 09, 2024, and so far it has fallen -4.19%. 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).
Support, Risk & Stop-loss for Kirby Corporation stock
Kirby Corporation finds support from accumulated volume at $95.11 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 $1.50 between high and low, or 1.58%. For the last week, the stock has had daily average volatility of 1.75%.
Our recommended stop-loss: $91.11 (-4.91%) (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 (KEX) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Kirby Corporation to open at $95.70, and during the day (based on 14 day Average True Range), to move between $94.09 and $97.53, which gives a possible trading interval of +/-$1.72 (+/-1.80%) up or down from last closing price. If Kirby Corporation takes out the full calculated possible swing range there will be an estimated 3.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $95.11 (0.73%) than the resistance at $97.19 (1.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Kirby Corporation will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.97. We will update the financials statements for Kirby Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.31% in the first trading day after earnings release.
Is Kirby 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 Kirby Corporation stock to perform well in the short-term.
Current score: 2.244 Buy Candidate Unchanged
Predicted Opening Price for Kirby Corporation of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $95.70 ( 0.118%) | $95.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KEX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 97.20 | 1.45 % | |
| R2 | 96.62 | 0.85 % | ||
| R1 | 96.27 | 0.480 % | ||
| Current price: | 95.81 | |||
| Support | S1 | 95.12 | -0.716 % | |
| S2 | 94.77 | -1.09 % | ||
| S3 | 94.20 | -1.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 100.00 | 4.37 % | |
| R2 | 99.55 | 3.90 % | ||
| R1 | 97.19 | 1.44 % | ||
| Current price | 95.81 | |||
| Support | S1 | 95.11 | -0.731% | |
| S2 | 86.13 | -10.10% | ||
| S3 | 82.40 | -14.00% |
KEX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 27, 1989 | Aug 08, 1989 | Sep 05, 1989 | $0.0500 | 1.11% |
| 2 | Jul 21, 1988 | Aug 09, 1988 | Sep 06, 1988 | $0.0500 | 2.42% |
FAQ
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