KEN Price Prediction Next Week
KEN Stock Price Prediction and Recommendation
Technical Analysis:
- Price Trends: KEN's stock price has shown volatility in recent pre-market sessions, with a decline of 4.3% on January 2nd and 3.4% on March 18th, closing at $32.53 and $34.04 respectively.
- RSI: The RSI_14 is 47.26, indicating a bearish trend as it is below 50.
- MACD: The MACD_12_26_9 is 0.29, slightly positive, but the signal line is close, suggesting a potential bearish crossover.
- Fibonacci Levels: Resistance at 34.8 and support at 31.54.
News and Fundamental Analysis:
- Q3 Results: KEN reported a net profit of $23 million for Q3 2024, with OPC Energy showing an adjusted EBITDA of $108 million, a positive sign.
- Market Sentiment: The broader market is impacted by tariffs and trade concerns, with the VIX above 20, indicating heightened volatility.
Prediction and Recommendation:
Based on the technical indicators and market sentiment, KEN's stock is expected to decline slightly next week. The predicted price is $31.50, and the recommendation is to sell.
KEN Similar Chart Price Prediction
The price of KEN is predicted to go up 4.05%, based on the high correlation periods with IQI. The similarity of these two price pattern on the periods is 93.59%.
KEN
IQI
Up: 4.05%Similarity: 93.59%
