KKR Real Estate Finance Trust Inc Stock Forecast
Red day on Friday for KKR Real Estate Finance Trust Inc
(Updated on May 10, 2024)
The KKR Real Estate Finance Trust Inc stock price fell by -0.621% on the last day (Friday, 10th May 2024) from $9.66 to $9.60. During the last trading day the stock fluctuated 2.04% from a day low at $9.54 to a day high of $9.73. The price has fallen in 6 of the last 10 days and is down by -0.21% 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 -95 thousand shares and in total, 271 thousand shares were bought and sold for approximately $2.60 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect KKR Real Estate Finance Trust Inc stock with a 90% probability to be traded between $9.44 and $10.31 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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KREF Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 2.02%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The KKR Real Estate Finance Trust 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 $9.63 and $9.74. A break-up above any of these levels will issue buy signals. 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.
A buy signal from a double bottom formation was found on Tuesday, April 30, 2024 and based on theory for this formation the price should go up by 9.32% to $10.49 within 9 trading days since signal was issued (Monday, May 13, 2024).
Support, Risk & Stop-loss for KKR Real Estate Finance Trust Inc stock
KKR Real Estate Finance Trust Inc finds support from accumulated volume at $9.53 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 $0.195 between high and low, or 2.04%. For the last week the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: $9.06 (-5.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (KREF) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect KKR Real Estate Finance Trust Inc to open at $9.62, and during the day (based on 14 day Average True Range), to move between $9.36 and $9.84, which gives a possible trading interval of +/-$0.240 (+/-2.50%) up or down from last closing price. If KKR Real Estate Finance Trust Inc takes out the full calculated possible swing range there will be an estimated 5.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.64 (0.42%) than the support at $9.53 (0.73%), 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.
Is KKR Real Estate Finance Trust Inc stock A Buy?
KKR Real Estate Finance Trust Inc 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.
Current score: 0.107 Hold/Accumulate Unchanged
Predicted Opening Price for KKR Real Estate Finance Trust Inc of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $9.62 ( 0.225%) | $9.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KREF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.82 | 2.26 % | |
| R2 | 9.74 | 1.48 % | ||
| R1 | 9.70 | 1.00 % | ||
| Current price: | 9.60 | |||
| Support | S1 | 9.55 | -0.550 % | |
| S2 | 9.50 | -1.03 % | ||
| S3 | 9.43 | -1.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.71 | 1.15 % | |
| R2 | 9.65 | 0.521 % | ||
| R1 | 9.64 | 0.417 % | ||
| Current price | 9.60 | |||
| Support | S1 | 9.53 | -0.729% | |
| S2 | 9.41 | -1.98% | ||
| S3 | 9.22 | -3.96% |
KREF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.250 | 2.60% |
| 2 | Dec 15, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.430 | 3.34% |
| 3 | Sep 15, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.430 | 3.83% |
| 4 | Jun 15, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.430 | 3.33% |
| 5 | Mar 17, 2023 | Mar 30, 2023 | Apr 14, 2023 | $0.430 | 3.81% |
FAQ
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