Kingstone Companies Stock Forecast
Volatile ride for Kingstone Companies stock price on Thursday moving between $4.06 and $4.50
(Updated on Mar 28, 2024)
The Kingstone Companies stock price gained 14.40% on the last trading day (Thursday, 28th Mar 2024), rising from $3.89 to $4.45. During the last trading day the stock fluctuated 10.84% from a day low at $4.06 to a day high of $4.50. The price has risen in 6 of the last 10 days and is up by 16.19% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 98 thousand more shares were traded than the day before. In total, 107 thousand shares were bought and sold for approximately $477.01 thousand.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $4.27, a level that may pose a second chance to hit a runner. According to fan-theory $4.76 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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KINS Signals & Forecast
The Kingstone Companies 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 $3.95 and $3.62. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 23, 2024, and so far it has risen 47.35%. Further rise is indicated until a new top pivot has been found. Kingstone Companies has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Kingstone Companies stock
On the downside, the stock finds support just below today's level from accumulated volume at $3.91 and $3.80. 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, Kingstone Companies finds support just below today's level at $3.91. If this is broken, then the next support from accumulated volume will be at $3.80 and $3.76.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.440 (10.84%) between high and low. For the last week, the stock has had daily average volatility of 4.72%.
The Kingstone Companies stock is extremely overbought on RSI14 (82). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: $4.30 (-3.36%) (This stock has low daily movements and this gives low risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (KINS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Kingstone Companies to open at $4.34, and during the day (based on 14 day Average True Range), to move between $4.22 and $4.68, which gives a possible trading interval of +/-$0.235 (+/-5.27%) up or down from last closing price. If Kingstone Companies takes out the full calculated possible swing range there will be an estimated 10.54% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $3.91, some $0.540 (12.13%) from the current price of $4.45, our system finds the risk reward attractive.
Is Kingstone Companies stock A Buy?
Kingstone Companies 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Kingstone Companies of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$4.34 ( 2.55%) | $4.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KINS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.78 | 7.34 % | |
R2 | 4.61 | 3.56 % | ||
R1 | 4.50 | 1.23 % | ||
Current price: | 4.45 | |||
Support | S1 | 4.17 | -6.32 % | |
S2 | 4.06 | -8.66 % | ||
S3 | 3.90 | -12.43 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 4.45 | |||
Support | S1 | 3.91 | -12.13% | |
S2 | 3.80 | -14.61% | ||
S3 | 3.76 | -15.51% |
KINS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 12, 2022 | Aug 30, 2022 | Sep 15, 2022 | $0.0400 | 1.22% |
2 | May 02, 2022 | May 27, 2022 | Jun 15, 2022 | $0.0400 | 0.98% |
3 | Feb 02, 2022 | Feb 25, 2022 | Mar 15, 2022 | $0.0400 | 0.777% |
4 | Nov 12, 2021 | Nov 29, 2021 | Dec 15, 2021 | $0.0400 | 0.85% |
5 | Aug 03, 2021 | Aug 30, 2021 | Sep 15, 2021 | $0.0400 | 0.588% |
FAQ
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