Quaker Chemical Corporation Stock Forecast
Weaker technical forecast for Quaker Chemical Corporation as stock downgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)
The Quaker Chemical Corporation stock price fell by -1.07% on the last day (Thursday, 28th Mar 2024) from $207.47 to $205.25. During the last trading day the stock fluctuated 1.30% from a day low at $204.79 to a day high of $207.45. The price has been going up and down for this period, and there has been a 3.07% gain for the last 2 weeks. Volume has increased on the last day by 35 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, 65 thousand shares were bought and sold for approximately $13.39 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $207.53 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Quaker Chemical Corporation stock with a 90% probability to be traded between $194.26 and $211.32 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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KWR Signals & Forecast
The Quaker Chemical Corporation 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 $203.81 and $199.82. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wednesday, March 27, 2024, and so far it has fallen -1.07%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Thursday, June 29, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, June 29, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Quaker Chemical Corporation stock
Quaker Chemical Corporation finds support from accumulated volume at $200.50 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 $2.66 between high and low, or 1.30%. For the last week the stock has had daily average volatility of 1.10%.
Our recommended stop-loss: $198.67 (-3.21%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (KWR) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Quaker Chemical Corporation to open at $205.83, and during the day (based on 14 day Average True Range), to move between $201.09 and $209.41, which gives a possible trading interval of +/-$4.16 (+/-2.02%) up or down from last closing price. If Quaker Chemical Corporation takes out the full calculated possible swing range there will be an estimated 4.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $207.47 (1.08%) than the support at $200.50 (2.31%), 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 Quaker Chemical Corporation stock A Buy?
Quaker Chemical Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: -0.033 Hold/Accumulate Downgraded
Predicted Opening Price for Quaker Chemical Corporation of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$205.83 ( 0.283%) | $205.25 |
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 | 208.49 | 1.58 % | |
R2 | 207.47 | 1.08 % | ||
R1 | 206.85 | 0.778 % | ||
Current price: | 205.25 | |||
Support | S1 | 204.81 | -0.212 % | |
S2 | 204.19 | -0.518 % | ||
S3 | 203.17 | -1.01 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 213.42 | 3.98 % | |
R2 | 212.03 | 3.30 % | ||
R1 | 207.47 | 1.08 % | ||
Current price | 205.25 | |||
Support | S1 | 200.50 | -2.31% | |
S2 | 196.98 | -4.03% | ||
S3 | 192.08 | -6.42% |
KWR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 28, 2024 | Apr 15, 2024 | Apr 30, 2024 | $0.455 | 0.222% |
2 | Nov 15, 2023 | Jan 16, 2024 | Jan 31, 2024 | $0.455 | 0.240% |
3 | Jul 26, 2023 | Oct 16, 2023 | Oct 31, 2023 | $0.455 | 0.317% |
4 | May 10, 2023 | Jul 14, 2023 | Jul 31, 2023 | $0.435 | 0.217% |
5 | Feb 22, 2023 | Apr 13, 2023 | Apr 28, 2023 | $0.435 | 0.233% |
FAQ
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