Kemper Corporation Stock Forecast
Kemper Corporation stock downgraded to Sell Candidate
(Updated on Apr 15, 2024)
The Kemper Corporation stock price fell by -2.32% on the last day (Monday, 15th Apr 2024) from $56.01 to $54.71. During the last trading day the stock fluctuated 4.14% from a day low at $54.65 to a day high of $56.92. The price has fallen in 7 of the last 10 days and is down by -10.08% 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 -189 thousand shares and in total, 314 thousand shares were bought and sold for approximately $17.15 million.
The stock has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $56.44 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
KMPR Signals & Forecast
There are few to no technical positive signals at the moment. The Kemper Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $56.72 and $58.55. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -14.58%. 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 Kemper Corporation stock
Kemper Corporation finds support from accumulated volume at $54.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $2.27 between high and low, or 4.14%. For the last week, the stock has had daily average volatility of 3.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KMPR) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Kemper Corporation to open at $55.43, and during the day (based on 14 day Average True Range), to move between $53.03 and $56.39, which gives a possible trading interval of +/-$1.68 (+/-3.08%) up or down from last closing price. If Kemper Corporation takes out the full calculated possible swing range there will be an estimated 6.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $54.45 (0.48%) than the resistance at $55.90 (2.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kemper Corporation stock A Buy?
Kemper Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Hold/Accumulate to a Sell candidate.
Current score: -1.160 Sell Candidate Downgraded
Predicted Opening Price for Kemper Corporation of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $55.43 ( 1.31%) | $54.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KMPR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 57.69 | 5.45 % | |
| R2 | 56.82 | 3.87 % | ||
| R1 | 56.29 | 2.89 % | ||
| Current price: | 54.71 | |||
| Support | S1 | 54.56 | -0.275 % | |
| S2 | 54.03 | -1.25 % | ||
| S3 | 53.16 | -2.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 57.67 | 5.41 % | |
| R2 | 57.33 | 4.79 % | ||
| R1 | 55.90 | 2.18 % | ||
| Current price | 54.71 | |||
| Support | S1 | 54.45 | -0.475% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
KMPR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Feb 16, 2024 | Mar 05, 2024 | $0.310 | 0.534% |
| 2 | Oct 31, 2023 | Nov 13, 2023 | Nov 30, 2023 | $0.310 | 0.701% |
| 3 | Aug 02, 2023 | Aug 11, 2023 | Aug 28, 2023 | $0.310 | 0.670% |
| 4 | May 03, 2023 | May 12, 2023 | May 30, 2023 | $0.310 | 0.701% |
| 5 | Feb 01, 2023 | Feb 10, 2023 | Feb 28, 2023 | $0.310 | 0.503% |
FAQ
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