Quaker Chemical Corporation Stock Forecast
Quaker Chemical Corporation stock upgraded from Buy Candidate to Strong Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)
The Quaker Chemical Corporation stock price gained 2.03% on the last trading day (Wednesday, 27th Mar 2024), rising from $203.34 to $207.47. During the last trading day the stock fluctuated 1.06% from a day low at $205.51 to a day high of $207.69. The price has been going up and down for this period, and there has been a 2.22% gain for the last 2 weeks. Volume fell on the last day by -14 thousand shares and in total, 30 thousand shares were bought and sold for approximately $6.30 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 Quaker Chemical Corporation stock with a 90% probability to be traded between $189.96 and $222.61 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
Mostly positive signals in the chart today. 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 $203.06 and $199.41. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 10.05%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched 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 $2.18 between high and low, or 1.06%. For the last week the stock has had daily average volatility of 1.24%.
Our recommended stop-loss: $200.91 (-3.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (KWR) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Quaker Chemical Corporation to open at $206.89, and during the day (based on 14 day Average True Range), to move between $203.19 and $211.75, which gives a possible trading interval of +/-$4.28 (+/-2.06%) up or down from last closing price. If Quaker Chemical Corporation takes out the full calculated possible swing range there will be an estimated 4.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $212.03 (2.20%) than the support at $200.50 (3.36%), 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 and is considered to be a good choice at current levels. We expect the Quaker Chemical Corporation stock to perform great in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.133 Strong Buy Candidate Upgraded
Predicted Opening Price for Quaker Chemical Corporation of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$206.89 ( 0.280%) | $207.47 |
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 | 209.07 | 0.771 % | |
R2 | 208.24 | 0.370 % | ||
R1 | 207.72 | 0.122 % | ||
Current price: | 207.47 | |||
Support | S1 | 206.06 | -0.681 % | |
S2 | 205.54 | -0.93 % | ||
S3 | 204.71 | -1.33 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 220.61 | 6.33 % | |
R2 | 213.42 | 2.87 % | ||
R1 | 212.03 | 2.20 % | ||
Current price | 207.47 | |||
Support | S1 | 200.50 | -3.36% | |
S2 | 196.98 | -5.06% | ||
S3 | 192.08 | -7.42% |
KWR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 28, 2024 | Apr 15, 2024 | Apr 30, 2024 | $0.455 | 0.219% |
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
Click here for our free guide on how to buy Quaker Chemical Corporation Stock.