KKR - KKR & Co LP

Industry: Asset Management Sector: Financial | Exchange: NYSE

Buy Candidate
Wed 20'th Sep 2017

PERIOD COVERED 2017-06-21 - 2017-09-20
CHANGE 0.84%
PRICE $19.25
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

BOLLINGER
Buy
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KKR & Co LP Stock Analysis

Technical stock analysis for Wed 20'th Sep 2017

Buy candidate since 2017-09-14 Gain 2.89%

KKR & Co LP gained 0.84% in the last trading day, rising from $19.09 to $19.25 , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. The price has risen in 7 of the last 10 days and is up by 5.08% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.11 million more shares were traded than the day before. In total, 3.41 million shares bought and sold for approximately $65.68 million.

Trend

KKR & Co LP is the upper part of a horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at $19.45 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect KKR & Co LP with 90% probability to be traded between $17.83 and $19.30 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals

Only positive signals in the chart today. 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 $18.89 and $18.72. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday September 08, 2017, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

The stock had a Golden Star Signal* on Wednesday June 28, 2017 in the short-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Relative Strength Index (RSI)

RSI14 is 56 and the stock is currently not being overbought or oversold

Support & Resistance

KKR & Co LP finds support from accumulated volume at $18.64. On the upside the stock meets some resistance just above today's level from accumulated volume at $19.30, $19.31 and $19.38.

The stock is about to test the resistance from accumulated volume at $19.30 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $18.64 Price: $19.25 Resistance: $19.30
S: $18.64 Price: $19.25 R: $19.30

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 $0.31 (1.63%) between high and low. For the last week, the stock has had a daily average volatility of 1.65%.

Since the KKR & Co LP has been rising for 6 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stoploss: $18.36 (-4.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 8 days ago.)

Overall risk:

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Overall risk:

           

Evaluation

Several short-term signals 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 period.

Buy Candidate

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