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AI Analysis of KMT
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Kennametal Inc stock price down 2.17% on Monday
(Updated on Mar 18, 2024)

Sell candidate since Mar 11, 2024 Loss -6.40% PDF

The Kennametal Inc stock price fell by -2.17% on the last day (Monday, 18th Mar 2024) from $23.93 to $23.41. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.52% from a day low at $23.38 to a day high of $23.97. The price has fallen in 6 of the last 10 days and is down by -6.32% for this period. Volume has increased on the last day by 89 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 657 thousand shares were bought and sold for approximately $15.38 million.

The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $23.40 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.28% during the next 3 months and, with a 90% probability hold a price between $22.63 and $24.62 at the end of this 3-month period.

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KMT Signals & Forecast

There are few to no technical positive signals at the moment. The Kennametal Inc 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 $24.54 and $24.68. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -8.34%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Kennametal Inc stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.590 (2.52%) between high and low. For the last week, the stock has had daily average volatility of 2.57%.

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

Trading Expectations (KMT) For The Upcoming Trading Day Of Tuesday 19th

For the upcoming trading day on Tuesday, 19th we expect Kennametal Inc to open at $23.59, and during the day (based on 14 day Average True Range), to move between $22.84 and $23.98, which gives a possible trading interval of +/-$0.573 (+/-2.45%) up or down from last closing price. If Kennametal Inc takes out the full calculated possible swing range there will be an estimated 4.90% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $23.66, some $0.250 (1.07%) from the current price of $23.41, our system finds the risk reward not very attractive.

Is Kennametal Inc stock A Buy?

Kennametal Inc holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.416 Sell Candidate Unchanged

Predicted Opening Price for Kennametal Inc of Tuesday, March 19, 2024

Fair opening price March 19, 2024 Current price
$23.59 ( 0.755%) $23.41

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

Trading levels for KMT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 24.18 3.27 %
R2 23.95 2.31 %
R1 23.81 1.72 %
Current price: 23.41
Support S1 23.36 -0.208 %
S2 23.22 -0.80 %
S3 23.00 -1.77 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 24.90 6.36 %
R2 24.49 4.61 %
R1 23.66 1.07 %
Current price 23.41
Support S1 0 .
S2 0 .
S3 0 .

KMT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 30, 2024 Feb 12, 2024 Feb 27, 2024 $0.200 0.81%
2 Oct 24, 2023 Nov 06, 2023 Nov 21, 2023 $0.200 0.87%
3 Aug 01, 2023 Aug 08, 2023 Aug 22, 2023 $0.200 0.767%
4 Aug 01, 2023 Aug 07, 2023 Aug 22, 2023 $0.200 0.767%
5 May 01, 2023 May 08, 2023 May 23, 2023 $0.200 0.766%

FAQ

What is the symbol for Kennametal Inc Stock and on which exchange is it traded?
The symbol for Kennametal Inc is KMT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Kennametal Inc Stock?
Kennametal Inc holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Kennametal Inc Stock?
Kennametal Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Kennametal Inc Stock.

What's the current price of Kennametal Inc Stock?
As of the end of day on the 2024-03-18, the price of an Kennametal Inc (KMT) share was $23.41.

What is the 52-week high and low for Kennametal Inc Stock?
The 52-week high for Kennametal Inc Stock is $30.60 and the 52-week low is $22.08.

What is the market capitalization of Kennametal Inc Stock?
As of the 2024-03-18, the market capitalization of Kennametal Inc is 1.856B.

When is the next earnings date for Kennametal Inc?
The upcoming earnings date for Kennametal Inc is May 06, 2024.
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