Kulicke and Soffa Industries Forecast and Stock Analysis
Technical KLIC stock analysis for March 15, 2019.
Kulicke and Soffa Industries gained 1.23% in the last trading day, rising from $22.71 to $22.99 , and has now gained 3 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. The price has been going up and down for this period, and there has been a -1.92% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 710 557 more shares were traded than the day before. In total, 878 524 shares bought and sold for approximately $20.20 million.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the KLIC stock was $22.99. This is 1.23% more than the trading day before Thursday, 14th Mar 2019.
During day the stock fluctuated 3.35% from a day low at $22.71 to a day high of $23.47.
30 day high of the KLIC stock price was $24.13 and low was $22.06.
90 day high was $24.13 and low was $17.79.
52 week high for the Kulicke and Soffa Industries - $28.69 and low - $17.40.
Kulicke and Soffa Industries 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 22.88% during the next 3 months and, with 90% probability hold a price between $27.45 and $30.61 at the end of this period.
Only positive signals in the chart today. Kulicke and Soffa Industries 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 $22.90 and $22.65. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday March 13, 2019, 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.
Relative Strength Index (RSI)
RSI14 is 39 and the stock is currently not being overbought or oversold
Support & Resistance
Kulicke and Soffa Industries finds support from accumulated volume at $22.01.
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 $0.76 (3.35%) between high and low. For the last week, the stock has had a daily average volatility of 2.39%.
Our recommended stoploss: $21.61 (-5.98%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
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Evaluation: Buy Candidate
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.