Home
News
- 1 KBR stock price decreased by 0.83% over the past week and the current volume is below average volume.
- 2 KBR Inc. ( NYSE: KBR) stock’s 52-week price range is around $47 – $65.
KBR Inc. (KBR) stock market capitalization is $8.204 Billion and the total revenue is $6.564 Billion. Moreover, the stock’s basic EPS is -$0.77 and the price-to-earnings ratio is -82.9. According to Simply Wall St., a financial website, KBR Inc. (KBR) experienced a decline in its earnings at a rate of 34% per year on average. The professional services industry’s average annual earnings growth is 13.5%. Therefore, KBR earnings are extremely lower than the industry average.
Moreover, KBR Inc. (KBR) stock has not performed well last month, decreasing by 6.22% and surging by 15.96% in the last six months. KBR Inc. (NYSE: KBR) stock has a positive year-to-date return of 15.17% and a one-year return of 17.55%. The average volume is 1.096 Million and the current volume is 567.815 K where the current volume is below average volume.
Technical Analysis of KBR Stock Price in 1-D Timeframe
The price action shows that KBR Inc’s ( NYSE: KBR) stock price took support at $50.79 and has been on an inclining trend for the last six months, increasing by 15.96% making higher highs and higher lows.
At the time of writing, KBR stock is trading at around $60.81 and faced resistance around $65.84 and declining by giving a breakdown from the triple top pattern which is a bearish pattern.
Therefore, if the KBR price fails to sustain the current level and drops, it might hit the nearest support levels of $59.90 and $57.63.
However, if it maintains the current level, the KBR prices could continue to move upward and reach the first and second resistances of $62.53 and $65.84.
At the time of publishing, KBR Inc. (NYSE: KBR) is trading below the 20, and 50-day EMA (exponential moving averages), which rejects the KBR price trend.
However, if more selling volume adds up then the price might conquer supporting 100, and 200-day EMA’s by making lower highs and lows.
Hence, the KBR price is expected to move downwards showing a bearish overview over the daily time frame chart.
The current value of RSI is 38.58 points. The 14 SMA is below the median line at 41.36 points which indicates that KBR stock is in bearish territory and the RSI line took rejection from 14 SMA and is headed towards an oversold zone highlighting bearishness.
The MACD line at 0.7188 and signal line at 0.5098 are below the zero line and both lines have crossed each other. A bearish crossover is observed in the MACD oscillator which signals bearishness for the KBR stock price.
Summary
KBR Inc. (NYSE: KBR) indicates that the investors and traders of the stock price are bearish on the 1-D time frame. The price action reflects a bearish outlook at the time of publishing. The technical analysis tools of KBR stock price also support bearishness. The MACD, RSI, and EMA highlight negative signals and imply a downtrend in KBR stock price may continue.
Technical Levels
- Support levels: The nearest support levels for KBR stock price are $59.90 and $57.63.
- Resistance levels: The nearest resistance levels for the KBR stock price are $62.53 and $65.84.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Saurav Bhattacharjee is in charge of the Broadcast development team of The Coin Republic.
He has been covering the Metaverse and NFT niche for the past 2 years.
With stellar interviews on his portfolio like Nicehash, Paxful, WallstreetWolvesNFT, Bitholla, Totemfi, EOS.io etc. Saurav has spearheaded the NFT SUPERSTARS AWARD and successfully hosted the first award in 2021.
