Kayne Anderson MLP Investment Company Stock Forecast
Kayne Anderson MLP Investment Company stock upgraded to Buy Candidate.
(Updated on Apr 25, 2024)
The Kayne Anderson MLP Investment Company stock price gained 0.82% on the last trading day (Thursday, 25th Apr 2024), rising from $9.75 to $9.83. During the last trading day the stock fluctuated 2.04% from a day low at $9.66 to a day high of $9.86. The price has risen in 6 of the last 10 days and is up by 2.82% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 188 thousand more shares were traded than the day before. In total, 456 thousand shares were bought and sold for approximately $4.49 million.
The stock 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 13.73% during the next 3 months and, with a 90% probability hold a price between $10.84 and $11.77 at the end of this 3-month period.
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KYN Signals & Forecast
The Kayne Anderson MLP Investment Company 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 $9.69 and $9.67. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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, April 03, 2024, and so far it has fallen -1.99%. 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).
Support, Risk & Stop-loss for Kayne Anderson MLP Investment Company stock
Kayne Anderson MLP Investment Company finds support from accumulated volume at $9.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.198 (2.04%) between high and low. For the last week, the stock has had daily average volatility of 1.49%.
Our recommended stop-loss: $9.43 (-4.06%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (KYN) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Kayne Anderson MLP Investment Company to open at $9.78, and during the day (based on 14 day Average True Range), to move between $9.67 and $9.99, which gives a possible trading interval of +/-$0.162 (+/-1.65%) up or down from last closing price. If Kayne Anderson MLP Investment Company takes out the full calculated possible swing range there will be an estimated 3.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.75 (0.81%) than the resistance at $9.96 (1.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kayne Anderson MLP Investment Company stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Kayne Anderson MLP Investment Company stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.443 Buy Candidate Upgraded
Predicted Opening Price for Kayne Anderson MLP Investment Company of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $9.78 ( 0.483%) | $9.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KYN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.98 | 1.53 % | |
| R2 | 9.90 | 0.758 % | ||
| R1 | 9.86 | 0.284 % | ||
| Current price: | 9.83 | |||
| Support | S1 | 9.71 | -1.25 % | |
| S2 | 9.66 | -1.72 % | ||
| S3 | 9.59 | -2.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.01 | 1.83 % | |
| R2 | 10.00 | 1.73 % | ||
| R1 | 9.96 | 1.32 % | ||
| Current price | 9.83 | |||
| Support | S1 | 9.75 | -0.81% | |
| S2 | 9.39 | -4.48% | ||
| S3 | 8.65 | -12.00% |
KYN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 26, 2024 | Apr 04, 2024 | Apr 12, 2024 | $0.220 | 2.29% |
| 2 | Dec 19, 2023 | Jan 02, 2024 | Jan 10, 2024 | $0.220 | 2.48% |
| 3 | Sep 20, 2023 | Sep 29, 2023 | Oct 10, 2023 | $0.210 | 2.50% |
| 4 | Jun 14, 2023 | Jun 23, 2023 | Jul 05, 2023 | $0.210 | 2.56% |
| 5 | Mar 27, 2023 | Apr 06, 2023 | Apr 17, 2023 | $0.210 | 2.47% |
FAQ
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