Kennedy-Wilson Holdings Inc Forecast and Stock Analysis
Technical KW stock analysis for March 15, 2019.
|Shorts||10.43% ( 2019-02-28 )|
Kennedy-Wilson Holdings Inc gained 1.67% in the last trading day, rising from $21.02 to $21.37 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 2.3% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 746 621 more shares were traded than the day before. In total, 988 842 shares bought and sold for approximately $21.13 million.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the KW stock was $21.37. This is 1.67% more than the trading day before Thursday, 14th Mar 2019.
During day the stock fluctuated 1.86% from a day low at $20.99 to a day high of $21.38.
30 day high of the KW stock price was $21.58 and low was $20.45.
90 day high was $21.58 and low was $17.25.
52 week high for the Kennedy-Wilson Holdings Inc - $22.28 and low - $16.50.
Kennedy-Wilson Holdings Inc lies in the middle of a 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 19.26% during the next 3 months and, with 90% probability hold a price between $24.74 and $26.67 at the end of this period.
Only positive signals in the chart today. Kennedy-Wilson Holdings Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $20.99 and $20.67. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday March 13, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 58 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $18.31 and $17.99.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Kennedy-Wilson Holdings Inc finds support just below today's level at $18.31. If this is broken, then the next support from accumulated volume will be at $17.99 and $17.93.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.39 (1.86%) between high and low. For the last week, the stock has had a daily average volatility of 1.34%.
Our recommended stoploss: $20.30 (-4.99%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
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Evaluation: Strong Buy Candidate
Kennedy-Wilson Holdings Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.