Quaker Chemical Corporation Stock Forecast
Quaker Chemical Corporation stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The Quaker Chemical Corporation stock price fell by -1.31% on the last day (Thursday, 25th Apr 2024) from $189.92 to $187.43. During the last trading day the stock fluctuated 1.12% from a day low at $186.92 to a day high of $189.02. The price has fallen in 8 of the last 10 days and is down by -4.65% 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 -21 thousand shares and in total, 32 thousand shares were bought and sold for approximately $6.02 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $187.22 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Quaker Chemical Corporation stock with a 90% probability to be traded between $185.92 and $205.57 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
KWR Signals & Forecast
There are few to no technical positive signals at the moment. The Quaker Chemical Corporation 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 $189.23 and $197.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -9.66%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Quaker Chemical Corporation stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $2.10 between high and low, or 1.12%. For the last week, the stock has had daily average volatility of 1.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KWR) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Quaker Chemical Corporation to open at $187.79, and during the day (based on 14 day Average True Range), to move between $183.05 and $191.81, which gives a possible trading interval of +/-$4.38 (+/-2.34%) up or down from last closing price. If Quaker Chemical Corporation takes out the full calculated possible swing range there will be an estimated 4.68% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $192.06, some $4.63 (2.47%) from the current price of $187.43, our system finds the risk reward not very attractive.
Earnings coming up
Quaker Chemical Corporation will release earnings AMC on Friday, May 03, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.99. We will update the financials statements for Quaker Chemical Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.50% in the first trading day after earnings release.
Is Quaker Chemical Corporation stock A Buy?
Quaker Chemical Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.732 Sell Candidate Downgraded
Predicted Opening Price for Quaker Chemical Corporation of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $187.79 ( 0.192%) | $187.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KWR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 189.89 | 1.31 % | |
| R2 | 189.09 | 0.88 % | ||
| R1 | 188.59 | 0.620 % | ||
| Current price: | 187.43 | |||
| Support | S1 | 186.99 | -0.236 % | |
| S2 | 186.49 | -0.500 % | ||
| S3 | 185.69 | -0.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 200.50 | 6.97 % | |
| R2 | 192.08 | 2.48 % | ||
| R1 | 192.06 | 2.47 % | ||
| Current price | 187.43 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
KWR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Apr 15, 2024 | Apr 30, 2024 | $0.455 | 0.243% |
| 2 | Nov 15, 2023 | Jan 17, 2024 | Jan 31, 2024 | $0.455 | 0.240% |
| 3 | Nov 15, 2023 | Jan 16, 2024 | Jan 31, 2024 | $0.455 | 0.240% |
| 4 | Jul 26, 2023 | Oct 16, 2023 | Oct 31, 2023 | $0.455 | 0.317% |
| 5 | May 10, 2023 | Jul 14, 2023 | Jul 31, 2023 | $0.435 | 0.217% |
FAQ
Click here for our free guide on how to buy Quaker Chemical Corporation Stock.
