Keweenaw Financial Corp Stock Forecast

Red day on Wednesday for Keweenaw Financial Corp stock after losing 0%
(Updated on Apr 24, 2024)

KEFI.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 08, 2024, and so far it has risen 2.23%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Keweenaw Financial Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £0.553 and £0.565. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for Keweenaw Financial Corp stock

Keweenaw Financial Corp finds support from accumulated volume at £0.548 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £0.0376 (6.86%) between high and low. For the last week, the stock has had daily average volatility of 6.92%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (KEFI.L) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Keweenaw Financial Corp to open at £0.561, and during the day (based on 14 day Average True Range), to move between £0.513 and £0.587, which gives a possible trading interval of +/-£0.0371 (+/-6.75%) up or down from last closing price. If Keweenaw Financial Corp takes out the full calculated possible swing range there will be an estimated 13.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £0.548 (0.36%) than the resistance at £0.566 (2.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Keweenaw Financial Corp stock A Buy?

Keweenaw Financial Corp holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -1.347 Sell Candidate Unchanged

Predicted Opening Price for Keweenaw Financial Corp of Thursday, April 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.