Kohl's Corporation Stock Forecast

Kohl's Corporation stock upgraded to Sell Candidate.
(Updated on Apr 18, 2024)

KSS Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.53%. Further rise is indicated until a new top pivot has been found. 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. The Kohl's Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $25.85. On a fall, the stock will find some support from the short-term average at $22.65. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Kohl's Corporation stock

Kohl's Corporation finds support from accumulated volume at $22.73 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.51 between high and low, or 7.02%. For the last week, the stock has had daily average volatility of 4.34%.

Kohl's Corporation is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (KSS) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Kohl's Corporation to open at $22.41, and during the day (based on 14 day Average True Range), to move between $21.71 and $23.99, which gives a possible trading interval of +/-$1.14 (+/-5.01%) up or down from last closing price. If Kohl's Corporation takes out the full calculated possible swing range there will be an estimated 10.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $22.73 (0.53%) than the resistance at $25.36 (10.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kohl's Corporation stock A Buy?

Kohl's Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -1.231 Sell Candidate Upgraded

Predicted Opening Price for Kohl's Corporation of Friday, April 19, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.