Kerry Group Plc Class A Stock Forecast
Evaluation of Kerry Group Plc Class A stock downgraded after the last trading session.
(Updated on Mar 27, 2024)
The Kerry Group Plc Class A stock price fell by -3.03% on the last day (Wednesday, 27th Mar 2024) from £82.60 to £80.10. During the last trading day the stock fluctuated 2.36% from a day low at £79.23 to a day high of £81.10. The price has fallen in 6 of the last 10 days and is down by -2.61% 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 -164 thousand shares and in total, 66 thousand shares were bought and sold for approximately £5.29 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £79.82 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.60% during the next 3 months and, with a 90% probability hold a price between £85.09 and £91.83 at the end of this 3-month period.
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KYGA.L Signals & Forecast
There are few to no technical positive signals at the moment. The Kerry Group Plc Class A stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £81.92 and £80.87. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -3.73%. 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 Kerry Group Plc Class A stock
Kerry Group Plc Class A finds support from accumulated volume at £79.00 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 £1.87 between high and low, or 2.36%. For the last week the stock has had daily average volatility of 2.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KYGA.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Kerry Group Plc Class A to open at £80.14, and during the day (based on 14 day Average True Range), to move between £77.86 and £82.34, which gives a possible trading interval of +/-£2.24 (+/-2.79%) up or down from last closing price. If Kerry Group Plc Class A takes out the full calculated possible swing range there will be an estimated 5.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £79.00 (1.37%) than the resistance at £81.40 (1.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kerry Group Plc Class A stock A Buy?
The Kerry Group Plc Class A stock holds several negative signals and despite the positive trend, we believe Kerry Group Plc Class A will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -2.053 Sell Candidate Downgraded
Predicted Opening Price for Kerry Group Plc Class A of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£80.14 ( 0.0541%) | £80.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KYGA.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 82.01 | 2.39 % | |
R2 | 81.30 | 1.50 % | ||
R1 | 80.86 | 0.95 % | ||
Current price: | 80.10 | |||
Support | S1 | 79.43 | -0.84 % | |
S2 | 78.99 | -1.39 % | ||
S3 | 78.27 | -2.28 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 82.35 | 2.81 % | |
R2 | 81.50 | 1.75 % | ||
R1 | 81.40 | 1.62 % | ||
Current price | 80.10 | |||
Support | S1 | 79.00 | -1.37% | |
S2 | 78.70 | -1.75% | ||
S3 | 76.10 | -4.99% |
KYGA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 11, 2024 | Apr 11, 2024 | May 10, 2024 | £0.81 | 1.01% |
2 | Feb 16, 2023 | Apr 13, 2023 | May 12, 2023 | £0.734 | 0.784% |
3 | Jul 29, 2022 | Oct 13, 2022 | Nov 11, 2022 | £0.314 | 0.338% |
4 | Feb 16, 2022 | Apr 07, 2022 | May 06, 2022 | £0.667 | 0.679% |
5 | Jul 30, 2021 | Oct 14, 2021 | Nov 12, 2021 | £0.285 | 0.247% |
FAQ
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