KKR - KKR & Co LP Mon 27'th Feb 2017
Stock analysis for Mon 27'th Feb 2017 (Updated daily)
Buy candidate since 2017-02-27
KKR & Co LP Stock Analysis
KKR & Co LP gained 0.67% in the last trading day, rising from USD 18.00 to USD 18.12. The price has been going up and down for this period, and there has been a -0.28% loss for the last 2 weeks. Volume fell in the last day by -1.08 million shares and ,in total, 2.95 million shares bought and sold for approximately USD 53.50 million. You should note that falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
KKR & Co LP lies in the middle of a wide and strong 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 16.1% during the next 3 months and, with 90% probability hold a price between USD 19.82 and USD 22.56 at the end of this period.
Only positive signals in the chart today. KKR & Co LP holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately USD 18.15. On a fall, the stock will find some support from the long-term average at approximately USD 17.66. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Monday February 06, 2017, which indicates further gains 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 may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 64 and the stock is currently not being overbought or oversold
Support & Resistance
KKR & Co LP finds support from accumulated volume at USD 18.01, USD 18.00, and USD 17.14. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 18.24, USD 18.17 and USD 18.37.
The stock is about to test the resistance from accumulated volume at USD 18.24 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
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 0.79 (4.56%) between high and low. For the last week, the stock has had a daily average volatility of 2.55%.
Our recommended stoploss: USD 17.35 (-4.25%) ( criteria: risk and position in trend)
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.