Hold/Accumulate
Tue 23'rd May 2017

PERIOD COVERED
2017-02-24 - 2017-05-23
CHANGE
-0.74%
PRICE
$18.70
VOLUME
Sell
TREND
Buy
MV LONG
Buy
MV SHORT
Buy
PIVOT
Sell
MACD
Sell
Request Prediction
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KKR & Co LP Stock Analysis

Technical stock analysis for Tue 23'rd May 2017

Hold candidate since 2017-05-23

KKR & Co LP fell by -0.74% in the last day, from USD 18.84 to USD 18.70 The price has been going up and down for this period, and there has been a -1.42% loss for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day, the trading volume fell by -1.83 million shares and in total, 1.55 million shares bought and sold for approximately USD 28.92 million.

Trend

KKR & Co LP lies in the upper part of a weak rising trend in the short term, and this will 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 USD 18.85 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 2.3% during the next 3 months and, with 90% probability hold a price between USD 17.43 and USD 19.29 at the end of this period.

Signals

KKR & Co LP holds buy signals from both short- and long-term moving averages. In addition, 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 USD 18.46 and USD 18.09. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Monday May 22, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Relative Strength Index (RSI)

RSI14 is 51 and the stock is currently not being overbought or oversold

Support & Resistance

KKR & Co LP finds support from accumulated volume at USD 18.18, USD 17.93, and USD 17.68. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 18.73, USD 18.84 and USD 18.98.

The stock is about to test the resistance from accumulated volume at USD 18.73 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved USD 0.41 (2.21%) between high and low. For the last week, the stock has had a daily average volatility of 2.98%.

Our recommended stoploss: USD 17.85 (-4.53%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

Evaluation

KKR & Co LP holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.

Hold/Accumulate

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