Kratos Defense & Security Solutions Stock Forecast
Kratos Defense & Security Solutions stock price down 0.392% on Wednesday
(Updated on Apr 24, 2024)
The Kratos Defense & Security Solutions stock price fell by -0.392% on the last day (Wednesday, 24th Apr 2024) from $17.84 to $17.77. During the last trading day the stock fluctuated 2.21% from a day low at $17.50 to a day high of $17.89. The price has fallen in 6 of the last 10 days and is down by -1.82% for this period. Volume has increased on the last day by 255 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, 1 million shares were bought and sold for approximately $20.07 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Kratos Defense & Security Solutions stock with a 90% probability to be traded between $16.62 and $20.28 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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KTOS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 4.53%. 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 Kratos Defense & Security Solutions 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 $17.78 and $17.88. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Kratos Defense & Security Solutions stock
Kratos Defense & Security Solutions finds support from accumulated volume at $17.74 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 $0.387 between high and low, or 2.21%. For the last week the stock has had daily average volatility of 2.90%.
Our recommended stop-loss: $16.99 (-4.42%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (KTOS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Kratos Defense & Security Solutions to open at $17.72, and during the day (based on 14 day Average True Range), to move between $17.20 and $18.34, which gives a possible trading interval of +/-$0.568 (+/-3.20%) up or down from last closing price. If Kratos Defense & Security Solutions takes out the full calculated possible swing range there will be an estimated 6.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.74 (0.17%) than the resistance at $18.05 (1.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Kratos Defense & Security Solutions will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0500. We will update the financials statements for Kratos Defense & Security Solutions, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.93% in the first trading day after earnings release.
Is Kratos Defense & Security Solutions stock A Buy?
Kratos Defense & Security Solutions 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: 0.440 Hold/Accumulate Unchanged
Predicted Opening Price for Kratos Defense & Security Solutions of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $17.72 ( 0.276%) | $17.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KTOS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.11 | 1.90 % | |
| R2 | 17.96 | 1.07 % | ||
| R1 | 17.87 | 0.556 % | ||
| Current price: | 17.77 | |||
| Support | S1 | 17.57 | -1.11 % | |
| S2 | 17.48 | -1.62 % | ||
| S3 | 17.33 | -2.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.68 | 5.12 % | |
| R2 | 18.56 | 4.45 % | ||
| R1 | 18.05 | 1.58 % | ||
| Current price | 17.77 | |||
| Support | S1 | 17.74 | -0.169% | |
| S2 | 17.63 | -0.788% | ||
| S3 | 17.10 | -3.77% |
FAQ
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