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Kayne Anderson MLP/Midstream Investment Company (KYN)

KYN stock forecast: buy or sell

Close on Sep 25th, 2020
$3.94 0.01%
3 months performance
-0.21%
Published: September 27th, 2020 - 22:01

KYN stock outlook

  • Kayne Anderson MLP/Midstream Investment closed on Friday at $3.94 after only moving a 0.51% breaking a streak of 5 sessions in red.
  • Kayne Anderson MLP Investment Company is a closed ended equity mutual fund launched and managed by KA Fund Advisors, LLC. It is co-managed by Kayne Anderson Capital Advisors, L. P.

Important:
The thoughts contained in this article are personal and not recommendations for you to buy or sell stocks. The author of this report does not have any knowledge of the individual positions of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are published for learning motives only

KYN stock charts

Should I buy Kayne Anderson MLP/Midstream Investment stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is KYN stock a buy?

Currently, Kayne Anderson MLP/Midstream Investment stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean KYN will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Kayne Anderson MLP/Midstream Investment stock?

How to know when is it time to sell Kayne Anderson MLP/Midstream Investment stock?. Trading strategies give us the ability us to avoid impulsive decisions based on our personal sentiments or the noise that surrounds the market. We like very simple setups to guide us on when is the best time to sell our shares. Be aware that these setups should not be used for shorting Kayne Anderson MLP/Midstream Investment stock

A golden rule is that you must never keep an investment that results in higher than expected losses upon the buy. When to sell your stock must always be ruled by the stop-loss (automatic or manual)

Is it time to sell Kayne Anderson MLP/Midstream Investment stock?

In the current situation of Kayne Anderson MLP/Midstream Investment there is not any eligible sell setup, so Kayne Anderson MLP/Midstream Investment stock holders with operations in green can keep their positions

Analysts' recommendations to buy or sell Kayne Anderson MLP/Midstream Investment stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the last month we couldn't find any rating for Kayne Anderson MLP/Midstream Investment

Technical analysis

SMAs overview

Moving averages are simple indicators for investors to gauge market momentum. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days

KYN SMAs chart

Supports and resistances

Technical analysts use supports and resistances to identify price points in the stock price action that tend to behave as barriers, preventing the price of an asset to move up or down. Supports are levels where the price tends to find support as it falls. This means that the price is more likely to "rebound" this level rather than break through it. However, if the price breaks down this level, it will probably continue declining until approaching another support level. On the other side, resistances are where the price tends to find a curb as it rises. Likewise, this means that the price is more likely to "bounce off" at this level, and if it finally crosses this level, the price will rise easily until it meets the next resistance

The current resistances are:

  • R1: $21.61 (448.48% above)
  • Price is at lows and there are not lower supports.

    Bollinger bands

    This is an indicator that was created in the 1980s by John Bollinger. By essence, the Bollinger Bands are bands that fluctuate around a moving average, ranging the distance from the bottom to the top depending on market volatility. They are usually drawn by an interval of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    Since the price broke down the lower band on Thursday, the price bounced off by 5.35%. The price is trading very close to the lower Bollinger band, poiting some level of oversold in recent sessions. This is not a buy point, as price can move in these levels for many days and weeks

    KYN RSI chart

    Relative strength index

    The RSI (Relative Strength Index) is an oscillator-type indicator that gauges price movements to spot when the price of a share or financial asset is overbought or oversold. Like other oscillation indicators, the RSI moves in a range between 0% and 100%. The relative strength indicator is one of the best known and most widely used indicators, and it was invented by J. Welles Wilder in 1978

    RSI lost the 30 level Friday, marking a value of 27.24. Crossing down below the level of 30 is not a bullish sign, as shares can be in the undervaluated zone for many, many weeks and can continue to fall

    KYN RSI chart

    Earnings and financials

    Kayne Anderson MLP/Midstream Investment Company (KYN) came out with 2nd-quarter earnings of $0.00 per share, meeting the Market consensus estimate of $0.00 per share. Reported sales were $-56,940,000.00, aligned with the market forecasts as well.

    Same quarter one year ago, reported EPS was $0.00, so recently reported EPS is -. Looking at sales, figures dropped a -142.63% compared to $13.4M year over year.

    KYN is hosting the quarterly earnings call on late next October. Market predicts a per-share earnings of %s of $0.00, compared to previous quarter that made $0.00. Financial reporting day has an additional risk for traders as the data provided can jump up or down the shares price with lower volume and not honouring your buy or stop-loss orders. You can probably find more details about the earnings call and the financial reports on the Investor Relations section of its website: http://www.kaynefunds.com/kyn/fact-sheet/.

    KYN revenues and profits chart