How the price action of Kforce ($KFRC) is used to our Advantage
November 14, 2023, 22:00 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for KFRC
- Buy KFRC slightly over 61.04 target 65.64 stop loss @ 60.86 Details
The technical summary data tells us to buy KFRC near 61.04 with an upside target of 65.64. This data also tells us to set a stop loss @ 60.86 to protect against excessive loss in case the stock begins to move against the trade. 61.04 is the first level of support below 65.19 , and by rule, any test of support is a buy signal. In this case, support 61.04 is being tested, a buy signal would exist.
- Short KFRC slightly under 65.64, target 61.04, stop loss @ 65.83 Details
The technical summary data is suggesting a short of KFRC as it gets near 65.64 with a downside target of 61.04. We should have a stop loss in place at 65.83though. 65.64 is the first level of resistance above 65.19, and by rule, any test of resistance is a short signal. In this case, if resistance 65.64 is being tested, a short signal would exist.
Swing Trading Plans for KFRC
- Buy KFRC slightly over 65.64, target 65.97, Stop Loss @ 65.45 Details
If 65.64 begins to break higher, the technical summary data tells us to buy KFRC just slightly over 65.64, with an upside target of 65.97. The data also tells us to set a stop loss @ 65.45 in case the stock turns against the trade. 65.64 is the first level of resistance above 65.19, and by rule, any break above resistance is a buy signal. In this case, 65.64, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short KFRC slightly near 65.64, target 63.21, Stop Loss @ 65.83. Details
The technical summary data is suggesting a short of KFRC if it tests 65.64 with a downside target of 63.21. We should have a stop loss in place at 65.83 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 65.64, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for KFRC
- Buy KFRC slightly over 65.97, target n/a, Stop Loss @ 65.82 Details
If 65.97 begins to break higher, the technical summary data tells us to buy KFRC just slightly over 65.97, with an upside target of n/a. The data also tells us to set a stop loss @ 65.82 in case the stock turns against the trade. 65.97 is the first level of resistance above 65.19, and by rule, any break above resistance is a buy signal. In this case, 65.97, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short KFRC slightly near 65.97, target 63.28, Stop Loss @ 66.12. Details
The technical summary data is suggesting a short of KFRC if it tests 65.97 with a downside target of 63.28. We should have a stop loss in place at 66.12 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 65.97, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Kforce (KFRC) available here: KFRC.
KFRC Ratings for November 14:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
56.00 |
| P2 |
63.28 |
63.21 |
61.04 |
| P3 |
65.81 |
65.97 |
65.64 |
AI Generated Signals for KFRC
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Kforce (NASDAQ: KFRC) data table below can help you with price action, and we have more details too. Trading plans for KFRC are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for KFRC:
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