KKR Real Estate Finance Trust Inc Stock Forecast
KKR Real Estate Finance Trust Inc stock upgraded to Buy Candidate.
(Updated on Mar 28, 2024)
The KKR Real Estate Finance Trust Inc stock price gained 1.00% on the last trading day (Thursday, 28th Mar 2024), rising from $9.96 to $10.06. During the last trading day the stock fluctuated 1.47% from a day low at $9.96 to a day high of $10.10. The price has been going up and down for this period, and there has been a 1.21% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 190 thousand more shares were traded than the day before. In total, 553 thousand shares were bought and sold for approximately $5.56 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $10.32 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -28.21% during the next 3 months and, with a 90% probability hold a price between $5.32 and $7.41 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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KREF Signals & Forecast
The KKR Real Estate Finance Trust Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $10.12. On a fall, the stock will find some support from the long-term average at approximately $9.79. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, February 20, 2024, and so far it has risen 9.35%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for KKR Real Estate Finance Trust Inc stock
KKR Real Estate Finance Trust Inc finds support from accumulated volume at $9.70 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 $0.146 between high and low, or 1.47%. For the last week the stock has had daily average volatility of 2.23%.
Our recommended stop-loss: $9.59 (-4.67%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (KREF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect KKR Real Estate Finance Trust Inc to open at $10.04, and during the day (based on 14 day Average True Range), to move between $9.79 and $10.33, which gives a possible trading interval of +/-$0.271 (+/-2.69%) 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 5.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.13 (0.70%) than the support at $9.70 (3.58%), 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.898 Buy Candidate Upgraded
Predicted Opening Price for KKR Real Estate Finance Trust Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$10.04 ( 0.211%) | $10.06 |
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 | 10.19 | 1.24 % | |
R2 | 10.13 | 0.688 % | ||
R1 | 10.09 | 0.344 % | ||
Current price: | 10.06 | |||
Support | S1 | 9.98 | -0.767 % | |
S2 | 9.95 | -1.11 % | ||
S3 | 9.89 | -1.67 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.79 | 17.20 % | |
R2 | 10.14 | 0.795 % | ||
R1 | 10.13 | 0.696 % | ||
Current price | 10.06 | |||
Support | S1 | 9.70 | -3.58% | |
S2 | 9.64 | -4.17% | ||
S3 | 9.52 | -5.37% |
KREF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 01, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.250 | 2.49% |
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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