Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of KGF.L
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Red day on Wednesday for Kingfisher Plc
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 25, 2024 Gain 2.67% PDF

The Kingfisher Plc stock price fell by -1.52% on the last day (Wednesday, 27th Mar 2024) from £249.80 to £246.00. During the last trading day the stock fluctuated 2.21% from a day low at £245.10 to a day high of £250.52. The price has risen in 6 of the last 10 days and is up by 8.13% over the past 2 weeks. Volume has increased on the last day by 3 million 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, 9 million shares were bought and sold for approximately £2.24 billion.

The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £249.91 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.83% during the next 3 months and, with a 90% probability hold a price between £220.21 and £256.99 at the end of this 3-month period.

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KGF.L Signals & Forecast

The Kingfisher Plc 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 £236.59 and £228.05. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, March 26, 2024, and so far it has fallen -1.52%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Monday, December 04, 2023 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.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Monday, December 04, 2023 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 Kingfisher Plc stock

On the downside, the stock finds support just below today's level from accumulated volume at £230.50 and £225.10. 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, Kingfisher Plc finds support just below today's level at £230.50. If this is broken, then the next support from accumulated volume will be at £225.10 and £223.90.

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 £5.42 between high and low, or 2.21%. For the last week, the stock has had daily average volatility of 3.97%.

Our recommended stop-loss: £238.33 (-3.12%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (KGF.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Kingfisher Plc to open at £247.21, and during the day (based on 14 day Average True Range), to move between £239.98 and £252.02, which gives a possible trading interval of +/-£6.02 (+/-2.45%) up or down from last closing price. If Kingfisher Plc takes out the full calculated possible swing range there will be an estimated 4.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £246.80 (0.33%) than the support at £230.50 (6.30%), 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 Kingfisher Plc stock A Buy?

Kingfisher Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.013 Hold/Accumulate Unchanged

Predicted Opening Price for Kingfisher Plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£247.21 ( 0.490%) £246.00

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

Trading levels for KGF.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 252.62 2.69 %
R2 250.55 1.85 %
R1 249.28 1.33 %
Current price: 246.00
Support S1 245.14 -0.351 %
S2 243.86 -0.87 %
S3 241.79 -1.71 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 249.80 1.54 %
R1 246.80 0.325 %
Current price 246.00
Support S1 230.50 -6.30%
S2 225.10 -8.50%
S3 223.90 -8.98%

KGF Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 16, 2024 May 16, 2024 Jun 25, 2024 £8.60 3.50%
2 May 25, 2023 May 25, 2023 May 25, 2023 £8.60 3.69%
3 Sep 20, 2022 Oct 06, 2022 Nov 11, 2022 £3.80 1.54%
4 Mar 22, 2022 May 19, 2022 Jun 27, 2022 £8.60 3.46%
5 Sep 21, 2021 Oct 07, 2021 Nov 12, 2021 £3.80 1.11%

FAQ

What is the symbol for Kingfisher Plc Stock and on which exchange is it traded?
The symbol for Kingfisher Plc is KGF.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Kingfisher Plc Stock?
Kingfisher Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Kingfisher Plc Stock?
Kingfisher Plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Kingfisher Plc Stock.

What's the current price of Kingfisher Plc Stock?
As of the end of day on the 2024-03-27, the price of an Kingfisher Plc (KGF.L) share was £246.00.

What is the 52-week high and low for Kingfisher Plc Stock?
The 52-week high for Kingfisher Plc Stock is £296.24 and the 52-week low is £198.30.

What is the market capitalization of Kingfisher Plc Stock?
As of the 2024-03-27, the market capitalization of Kingfisher Plc is 4.595B.

When is the next earnings date for Kingfisher Plc?
The upcoming earnings date for Kingfisher Plc is Sep 17, 2024.
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About Kingfisher Plc

Kingfisher Plc Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. The company also offers property investment, finance, digital, sourcing and franchising, and IT services. It operates approximately 1,470 stores in eight countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koctas brands. The company provides it... KGF.L Profile

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