Kirkland Stock Forecast
Big movements in Kirkland stock price on Wednesday moving 16.24% between high and low
(Updated on Apr 24, 2024)
The Kirkland stock price fell by -12.78% on the last day (Wednesday, 24th Apr 2024) from $2.27 to $1.98. During the last trading day the stock fluctuated 16.24% from a day low at $1.97 to a day high of $2.29. The price has fallen in 7 of the last 10 days and is down by -15.38% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -250 thousand shares and in total, 168 thousand shares were bought and sold for approximately $332.79 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -31.81% during the next 3 months and, with a 90% probability hold a price between $1.27 and $1.54 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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KIRK Signals & Forecast
There are few to no technical positive signals at the moment. The Kirkland stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $2.01 and $2.36. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -12.78%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Kirkland stock
Kirkland finds support from accumulated volume at $1.97 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.320 between high and low, or 16.24%. For the last week the stock has had daily average volatility of 12.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KIRK) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Kirkland to open at $2.08, and during the day (based on 14 day Average True Range), to move between $1.80 and $2.16, which gives a possible trading interval of +/-$0.180 (+/-9.10%) up or down from last closing price. If Kirkland takes out the full calculated possible swing range there will be an estimated 18.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.97 (0.51%) than the resistance at $2.27 (14.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kirkland stock A Buy?
Kirkland holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -6.891 Strong Sell Candidate Downgraded
Predicted Opening Price for Kirkland of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $2.08 ( 5.05%) | $1.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KIRK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.40 | 21.21 % | |
| R2 | 2.28 | 15.04 % | ||
| R1 | 2.20 | 11.22 % | ||
| Current price: | 1.98 | |||
| Support | S1 | 1.96 | -1.12 % | |
| S2 | 1.88 | -4.94 % | ||
| S3 | 1.76 | -11.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.46 | 24.24 % | |
| R2 | 2.33 | 17.68 % | ||
| R1 | 2.27 | 14.65 % | ||
| Current price | 1.98 | |||
| Support | S1 | 1.97 | -0.505% | |
| S2 | 1.96 | -1.01% | ||
| S3 | 1.92 | -3.28% |
KIRK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 21, 2015 | Jun 03, 2015 | Jun 19, 2015 | $1.50 | 5.58% |
FAQ
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