KLX Inc. Fund Forecast

Red day on Friday for KLX Inc.
(Updated on Oct 26, 2018)

KLXI Signals & Forecast

There are mixed signals in the fund today. The KLX Inc. fund 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 $62.99 and $64.37. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, September 17, 2018, and so far it has risen 0.91%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for KLX Inc. fund

KLX Inc. finds support from accumulated volume at $62.68 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (KLXI) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect KLX Inc. to open at $62.99, and during the day (based on 14 day Average True Range), to move between $62.81 and $63.17, which gives a possible trading interval of +/-$0.179 (+/-0.28%) up or down from last closing price. If KLX Inc. takes out the full calculated possible swing range there will be an estimated 0.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $62.68 (0.49%) than the resistance at $73.18 (16.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is KLX Inc. fund A Buy?

KLX Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this fund.

Current score: -1.980 Sell Candidate Unchanged

Predicted Opening Price for KLX Inc. of Monday, October 29, 2018

The predicted opening price is based on yesterday's movements between high, low, and closing price.