Kosmos Energy Stock Forecast
Kosmos Energy stock downgraded to Hold/Accumulate
(Updated on Apr 25, 2024)
The Kosmos Energy stock price fell by -2.02% on the last day (Thursday, 25th Apr 2024) from $5.95 to $5.83. During the last trading day the stock fluctuated 3.47% from a day low at $5.77 to a day high of $5.97. The price has fallen in 7 of the last 10 days and is down by -7.9% 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 -257 thousand shares and in total, 3 million shares were bought and sold for approximately $18.39 million.
The stock lies in the middle of a wide and 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 2.48% during the next 3 months and, with a 90% probability hold a price between $5.63 and $6.51 at the end of this 3-month period.
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KOS Signals & Forecast
There are few to no technical positive signals at the moment. The Kosmos Energy stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $5.94 and $5.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -7.90%. 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 Kosmos Energy stock
Kosmos Energy finds support from accumulated volume at $5.81 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.200 between high and low, or 3.47%. For the last week, the stock has had daily average volatility of 2.92%.
Our recommended stop-loss: $5.50 (-5.62%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (KOS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Kosmos Energy Ltd to open at $5.86, and during the day (based on 14 day Average True Range), to move between $5.60 and $6.06, which gives a possible trading interval of +/-$0.233 (+/-4.00%) up or down from last closing price. If Kosmos Energy Ltd takes out the full calculated possible swing range there will be an estimated 8.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.81 (0.34%) than the resistance at $5.96 (2.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kosmos Energy Ltd stock A Buy?
Kosmos Energy holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.
Current score: -0.263 Hold/Accumulate Downgraded
Predicted Opening Price for Kosmos Energy Ltd of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$5.86 ( 0.457%) | $5.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KOS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.06 | 3.89 % | |
R2 | 5.98 | 2.58 % | ||
R1 | 5.93 | 1.77 % | ||
Current price: | 5.83 | |||
Support | S1 | 5.78 | -0.85 % | |
S2 | 5.73 | -1.66 % | ||
S3 | 5.66 | -2.97 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.22 | 6.69 % | |
R2 | 6.05 | 3.77 % | ||
R1 | 5.96 | 2.23 % | ||
Current price | 5.83 | |||
Support | S1 | 5.81 | -0.343% | |
S2 | 5.59 | -4.12% | ||
S3 | 5.40 | -7.38% |
KOS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 24, 2020 | Mar 04, 2020 | Mar 26, 2020 | $0.0450 | 4.46% |
2 | Nov 04, 2019 | Nov 29, 2019 | Dec 23, 2019 | $0.0450 | 0.82% |
3 | Aug 05, 2019 | Sep 04, 2019 | Sep 26, 2019 | $0.0450 | 0.688% |
4 | May 06, 2019 | Jun 05, 2019 | Jun 27, 2019 | $0.0450 | 0.725% |
5 | Feb 25, 2019 | Mar 06, 2019 | Mar 28, 2019 | $0.0450 | 0.754% |
FAQ
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