KEP Price Prediction Next Week
Technical Analysis: Based on the recent price data for KEP, the stock shows a bearish trend in the short term. The price has declined from $8.76 to $6.89, breaking below several key support levels.
Technical Indicators Analysis:
- RSI (14) at 45.98 indicates neutral momentum but trending downward
- MACD shows bearish divergence with -0.02 reading
- Stock is trading below both 20-day (7.22) and 200-day (7.56) moving averages, confirming bearish sentiment
- Stochastic RSI at very low levels (8.60) suggests oversold conditions
Support and Resistance Levels:
- Key resistance: $7.37 (Fibonacci R1)
- Current support: $7.07 (Fibonacci S1)
- Next support: $6.98 (Fibonacci S2)
News Impact: Recent positive news about intellectual property dispute resolution with Westinghouse hasn't provided much price support, suggesting underlying weakness in market sentiment.
Price Prediction for Next Week: Based on technical analysis and current market conditions:
- Bearish scenario (70% probability): Price likely to test Fibonacci S2 at $6.98
- Target price: $6.85-6.95
- Key catalysts: Continued technical weakness and broader market uncertainty
Trading Recommendation: SELL with the following parameters:
- Entry: Current price ($6.89)
- Stop loss: $7.15 (above Fibonacci R1)
- Target: $6.85
- Risk/Reward ratio: 1:1.15
The stock's technical indicators and price action suggest continued downward pressure in the short term. The break below key moving averages and weak momentum indicators support a bearish outlook for the next trading week.
KEP Similar Chart Price Prediction
The price of KEP is predicted to go up 2.81%, based on the high correlation periods with EAT. The similarity of these two price pattern on the periods is 93.52%.
KEP
EAT
Up: 2.81%Similarity: 93.52%
