Korn Ferry $KFY Trading Report

September 18, 2023, 20:15 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for KFY

• Buy KFY slightly over 46.51 target 50.42 stop loss @ 46.38 Details

The technical summary data tells us to buy KFY near 46.51 with an upside target of 50.42. This data also tells us to set a stop loss @ 46.38 to protect against excessive loss in case the stock begins to move against the trade. 46.51 is the first level of support below 47.82 , and by rule, any test of support is a buy signal. In this case, support 46.51 would be being tested, so a buy signal would exist.

• Short KFY slightly under 50.42, target 46.51, stop loss @ 50.57 Details

The technical summary data is suggesting a short of KFY as it gets near 50.42 with a downside target of 46.51. We should have a stop loss in place at 50.57though. 50.42 is the first level of resistance above 47.82, and by rule, any test of resistance is a short signal. In this case, if resistance 50.42 is being tested, so a short signal would exist.

Swing Trading Plans for KFY

• Buy KFY slightly over 48.04, target 50.42, Stop Loss @ 47.9 Details

If 48.04 begins to break higher, the technical summary data tells us to buy KFY just slightly over 48.04, with an upside target of 50.42. The data also tells us to set a stop loss @ 47.9 in case the stock turns against the trade. 48.04 is the first level of resistance above 47.82, and by rule, any break above resistance is a buy signal. In this case, 48.04, 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 KFY slightly near 48.04, target 46.75, Stop Loss @ 48.18. Details

The technical summary data is suggesting a short of KFY if it tests 48.04 with a downside target of 46.75. We should have a stop loss in place at 48.18 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, 48.04, 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 KFY

• Buy KFY slightly over 48.04, target 50.42, Stop Loss @ 47.93 Details

If 48.04 begins to break higher, the technical summary data tells us to buy KFY just slightly over 48.04, with an upside target of 50.42. The data also tells us to set a stop loss @ 47.93 in case the stock turns against the trade. 48.04 is the first level of resistance above 47.82, and by rule, any break above resistance is a buy signal. In this case, 48.04, 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 KFY slightly near 48.04, target 47.42, Stop Loss @ 48.15. Details

The technical summary data is suggesting a short of KFY if it tests 48.04 with a downside target of 47.42. We should have a stop loss in place at 48.15 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, 48.04, 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 Korn Ferry (KFY) available here: KFY.

KFY Ratings for September 18:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	46.51
P2	46.85	46.75	50.42
P3	47.42	48.04	54.31

AI Generated Signals for KFY

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Trading or Investing in Korn Ferry (NYSE: KFY) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for KFY change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if KFY is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for KFY too.  All of these are offered below the Summary Table.