Kimberly-Clark Corporation Stock Forecast
Kimberly-Clark Corporation stock downgraded from Buy Candidate to Strong Sell Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The Kimberly-Clark Corporation stock price fell by -0.278% on the last day (Thursday, 18th Apr 2024) from $125.96 to $125.61. During the last trading day the stock fluctuated 1.32% from a day low at $124.93 to a day high of $126.57. The price has fallen in 7 of the last 10 days and is down by -0.7% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -104 thousand shares and in total, 2 million shares were bought and sold for approximately $252.48 million.
The stock lies in the middle of a weak 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 6.01% during the next 3 months and, with a 90% probability hold a price between $130.72 and $138.89 at the end of this 3-month period.
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KMB Signals & Forecast
There are few to no technical positive signals at the moment. The Kimberly-Clark Corporation stock 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 $125.63 and $125.66. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -2.89%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Kimberly-Clark Corporation stock
Kimberly-Clark Corporation finds support from accumulated volume at $124.81 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.65 between high and low, or 1.32%. For the last week the stock has had daily average volatility of 1.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KMB) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Kimberly-Clark Corporation to open at $125.70, and during the day (based on 14 day Average True Range), to move between $123.93 and $127.29, which gives a possible trading interval of +/-$1.68 (+/-1.34%) up or down from last closing price. If Kimberly-Clark Corporation takes out the full calculated possible swing range there will be an estimated 2.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $125.90 (0.23%) than the support at $124.81 (0.64%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Kimberly-Clark Corporation will release earnings BMO on Tuesday, April 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.60. We will update the financials statements for Kimberly-Clark Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.31% in the first trading day after earnings release.
Is Kimberly-Clark Corporation stock A Buy?
The Kimberly-Clark Corporation stock holds several negative signals and despite the positive trend, we believe Kimberly-Clark Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Sell candidate.
Current score: -5.024 Strong Sell Candidate Downgraded
Predicted Opening Price for Kimberly-Clark Corporation of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $125.70 ( 0.0730%) | $125.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KMB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 127.35 | 1.38 % | |
| R2 | 126.72 | 0.88 % | ||
| R1 | 126.33 | 0.573 % | ||
| Current price: | 125.61 | |||
| Support | S1 | 125.07 | -0.427 % | |
| S2 | 124.69 | -0.736 % | ||
| S3 | 124.06 | -1.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 129.35 | 2.98 % | |
| R2 | 127.69 | 1.66 % | ||
| R1 | 125.90 | 0.231 % | ||
| Current price | 125.61 | |||
| Support | S1 | 124.81 | -0.637% | |
| S2 | 121.17 | -3.53% | ||
| S3 | 118.04 | -6.03% |
KMB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 24, 2024 | Mar 07, 2024 | Apr 02, 2024 | $1.22 | 0.96% |
| 2 | Nov 16, 2023 | Dec 07, 2023 | Jan 03, 2024 | $1.18 | 0.97% |
| 3 | Aug 01, 2023 | Sep 07, 2023 | Oct 03, 2023 | $1.18 | 0.98% |
| 4 | Apr 20, 2023 | Jun 08, 2023 | Jul 05, 2023 | $1.18 | 0.86% |
| 5 | Jan 25, 2023 | Mar 09, 2023 | Apr 04, 2023 | $1.18 | 0.88% |
FAQ
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