K12 Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for K12 Inc
(Updated on Apr 26, 2024)
The K12 Inc stock price gained 1.08% on the last trading day (Friday, 26th Apr 2024), rising from $66.36 to $67.08. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.80% from a day low at $66.81 to a day high of $68.01. The price has been going up and down for this period, and there has been a 13.44% gain for the last 2 weeks. Volume fell on the last day by -562 thousand shares and in total, 711 thousand shares were bought and sold for approximately $47.70 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 has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $64.80, a level that may pose a second chance to hit a runner. According to fan-theory $72.91 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
LRN Signals & Forecast
Mostly positive signals in the chart today. The K12 Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $60.97 and $61.36. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 18.66%. 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.
Support, Risk & Stop-loss for K12 Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $63.23 and $61.25. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, K12 Inc finds support just below today's level at $63.23. If this is broken, then the next support from accumulated volume will be at $61.25 and $61.24.
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 $1.20 between high and low, or 1.80%. For the last week, the stock has had daily average volatility of 3.78%.
Our recommended stop-loss: $64.97 (-3.14%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (LRN) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect K12 Inc to open at $67.30, and during the day (based on 14 day Average True Range), to move between $65.25 and $68.91, which gives a possible trading interval of +/-$1.83 (+/-2.73%) up or down from last closing price. If K12 Inc takes out the full calculated possible swing range there will be an estimated 5.47% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $63.23, some $3.85 (5.74%) from the current price of $67.08, our system finds the risk reward attractive.
Is K12 Inc stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for K12 Inc stock to perform well in the short-term period.
Current score: 1.602 Buy Candidate Unchanged
Predicted Opening Price for K12 Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $67.30 ( 0.328%) | $67.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LRN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 68.50 | 2.12 % | |
| R2 | 68.04 | 1.43 % | ||
| R1 | 67.76 | 1.01 % | ||
| Current price: | 67.08 | |||
| Support | S1 | 66.84 | -0.355 % | |
| S2 | 66.56 | -0.778 % | ||
| S3 | 66.10 | -1.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 67.08 | |||
| Support | S1 | 63.23 | -5.74% | |
| S2 | 61.25 | -8.69% | ||
| S3 | 61.24 | -8.71% |
FAQ
Click here for our free guide on how to buy K12 Inc Stock.
