Kodal Minerals Plc Stock Forecast
A very strong day for Kodal Minerals Plc stock price on Tuesday
(Updated on Sep 01, 2020)
The Kodal Minerals Plc stock price gained 125.00% on the last trading day (Tuesday, 1st Sep 2020), rising from £0.0004 to £0.0009. During the last trading day the stock fluctuated 0% from a day low at £0.0009 to a day high of £0.0009. The price has been going up and down for this period, and there has been a 200% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 billion more shares were traded than the day before. In total, 3 billion shares were bought and sold for approximately £2.32 million.
Given the current short-term trend, the stock is expected to rise 45.16% during the next 3 months and, with a 90% probability hold a price between £0.0007 and £0.0013 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
KOD.L Signals & Forecast
The Kodal Minerals Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £0.0005 and £0.0004. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Kodal Minerals Plc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%.
Our recommended stop-loss: £0 (-5.00%) (Unable to calculate.)
Trading Expectations (KOD.L) For The Upcoming Trading Day Of Wednesday 2nd
Is Kodal Minerals Plc stock A Buy?
Kodal Minerals Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Kodal Minerals Plc of Wednesday, September 2, 2020
Fair opening price September 2, 2020 | Current price |
---|---|
£0.0009 ( 0.00000000%) | £0.0009 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KOD.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0009 | 0.00000000 % | |
R2 | 0.0009 | 0.00000000 % | ||
R1 | 0.0009 | 0.00000000 % | ||
Current price: | 0.0009 | |||
Support | S1 | 0.0009 | 0.00000000 % | |
S2 | 0.0009 | 0.00000000 % | ||
S3 | 0.0009 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 0.0009 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Kodal Minerals Plc Stock.