KKR Income Opportunities Fund Stock Forecast
Green day on Friday for KKR Income Opportunities Fund stock after gaining 0.604%
(Updated on Apr 19, 2024)
The KKR Income Opportunities Fund stock price gained 0.604% on the last trading day (Friday, 19th Apr 2024), rising from $13.24 to $13.32. 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 0.92% from a day low at $13.23 to a day high of $13.35. The price has risen in 6 of the last 10 days but is still down by -0.6% for this period. Volume fell on the last day by -8 thousand shares and in total, 143 thousand shares were bought and sold for approximately $1.90 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 weak 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 5.31% during the next 3 months and, with a 90% probability hold a price between $13.69 and $14.66 at the end of this 3-month period.
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KIO Signals & Forecast
There are mixed signals in the stock today. The KKR Income Opportunities Fund stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $13.35. On a fall, the stock will find some support from the short-term average at $13.15. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 2.86%. Further rise is indicated until a new top pivot has been found. 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 KKR Income Opportunities Fund stock
KKR Income Opportunities Fund finds support from accumulated volume at $12.93 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 $0.122 between high and low, or 0.92%. For the last week the stock has had daily average volatility of 1.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KIO) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect KKR Income Opportunities Fund to open at $13.30, and during the day (based on 14 day Average True Range), to move between $13.18 and $13.46, which gives a possible trading interval of +/-$0.140 (+/-1.05%) up or down from last closing price. If KKR Income Opportunities Fund takes out the full calculated possible swing range there will be an estimated 2.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.39 (0.53%) than the support at $12.93 (2.93%), 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 KKR Income Opportunities Fund stock A Buy?
KKR Income Opportunities Fund holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.362 Sell Candidate Unchanged
Predicted Opening Price for KKR Income Opportunities Fund of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $13.30 ( 0.156%) | $13.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KIO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.42 | 0.762 % | |
| R2 | 13.37 | 0.412 % | ||
| R1 | 13.35 | 0.195 % | ||
| Current price: | 13.32 | |||
| Support | S1 | 13.25 | -0.507 % | |
| S2 | 13.22 | -0.723 % | ||
| S3 | 13.18 | -1.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.50 | 1.35 % | |
| R2 | 13.47 | 1.13 % | ||
| R1 | 13.39 | 0.526 % | ||
| Current price | 13.32 | |||
| Support | S1 | 12.93 | -2.93% | |
| S2 | 12.87 | -3.38% | ||
| S3 | 12.85 | -3.53% |
KIO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.122 | 0.91% |
| 2 | May 09, 2024 | May 09, 2024 | May 31, 2024 | $0.122 | 0.91% |
| 3 | Apr 11, 2024 | Apr 11, 2024 | Apr 30, 2024 | $0.122 | 0.91% |
| 4 | Dec 29, 2023 | Mar 14, 2024 | Mar 29, 2024 | $0.122 | 0.90% |
| 5 | Feb 15, 2024 | Feb 15, 2024 | Feb 29, 2024 | $0.122 | 0.91% |
FAQ
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