Kronos Worldwide Inc Stock Forecast
Kronos Worldwide Inc stock price ended at $11.54 on Monday, after gaining 1.85%.
(Updated on Apr 22, 2024)
The Kronos Worldwide Inc stock price gained 1.85% on the last trading day (Monday, 22nd Apr 2024), rising from $11.33 to $11.54. During the last trading day the stock fluctuated 2.60% from a day low at $11.36 to a day high of $11.66. The price has been going up and down for this period, and there has been a -5.64% loss 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, 103 thousand more shares were traded than the day before. In total, 236 thousand shares were bought and sold for approximately $2.72 million.
The stock lies in the middle of a wide and strong 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 40.64% during the next 3 months and, with a 90% probability hold a price between $14.85 and $18.03 at the end of this 3-month period.
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KRO Signals & Forecast
The Kronos Worldwide Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $11.38 and $11.32. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -6.03%. 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).
Support, Risk & Stop-loss for Kronos Worldwide Inc stock
Kronos Worldwide Inc finds support from accumulated volume at $11.31 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 $0.295 between high and low, or 2.60%. For the last week, the stock has had daily average volatility of 2.28%.
Our recommended stop-loss: $10.91 (-5.47%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (KRO) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Kronos Worldwide Inc to open at $11.52, and during the day (based on 14 day Average True Range), to move between $11.19 and $11.89, which gives a possible trading interval of +/-$0.353 (+/-3.06%) up or down from last closing price. If Kronos Worldwide Inc takes out the full calculated possible swing range there will be an estimated 6.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.31 (1.99%) than the resistance at $11.80 (2.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kronos Worldwide Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Kronos Worldwide Inc stock to perform well in the short-term.
Current score: 3.246 Buy Candidate Unchanged
Predicted Opening Price for Kronos Worldwide Inc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $11.52 ( 0.188%) | $11.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KRO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.81 | 2.37 % | |
| R2 | 11.70 | 1.39 % | ||
| R1 | 11.63 | 0.789 % | ||
| Current price: | 11.54 | |||
| Support | S1 | 11.41 | -1.16 % | |
| S2 | 11.34 | -1.77 % | ||
| S3 | 11.22 | -2.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.98 | 3.81 % | |
| R2 | 11.96 | 3.64 % | ||
| R1 | 11.80 | 2.25 % | ||
| Current price | 11.54 | |||
| Support | S1 | 11.31 | -1.99% | |
| S2 | 10.09 | -12.56% | ||
| S3 | 8.67 | -24.87% |
KRO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Mar 04, 2024 | Mar 14, 2024 | $0.190 | 1.69% |
| 2 | Oct 25, 2023 | Nov 30, 2023 | Dec 14, 2023 | $0.190 | 2.00% |
| 3 | Aug 02, 2023 | Aug 31, 2023 | Sep 14, 2023 | $0.190 | 2.38% |
| 4 | May 17, 2023 | Jun 02, 2023 | Jun 15, 2023 | $0.190 | 2.09% |
| 5 | Feb 22, 2023 | Mar 06, 2023 | Jun 15, 2023 | $0.190 | 2.09% |
FAQ
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