CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure. CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure.

Kier share price: more downside seems likely

Kier Group has been under heavy pressure, and while there will be some expecting a bounce, the long-term trend points to further downside ahead.

Can the Kier share price go any lower?

Kier Group has a chart that tends to suggest ‘it can’t go any lower’, merely because the shares have already fallen more than 80% since September. Most people will look at the chart and begin to think that the shares cannot fall any further, when of course another 80% decline from here is just as possible as the one we have just witnessed.

Potential for short-term rebound

Now that the shares are at an all-time low, there is the potential for a short-term rebound. The 50-, 100- and 200-day simple moving averages (SMAs) will now take time to catch up with the price, as they did in December when the price slumped before rebounding 60%.

It is possible that such a rebound will occur again, which would take the price to around 195p. Such a rebound may well provide a good selling opportunity. The top end of the recent gap lower is 223p, which may provide some resistance, while 271p would also be a short-term target to the upside.

Even on the hourly chart, short-term rallies have been strong selling opportunities. The latest bounce has run out of steam at 133p. A move above here would target 200p and the previous lower high. A break of support at 106p would spark another significant move to the downside.


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CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

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