RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of KRNT
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Stronger technical forecast for Kornit Digital Ltd. stock price after Thursday trading.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Kornit Digital Ltd. stock price gained 3.96% on the last trading day (Thursday, 28th Mar 2024), rising from $17.43 to $18.12. During the last trading day the stock fluctuated 3.98% from a day low at $17.45 to a day high of $18.14. The price has risen in 6 of the last 10 days and is up by 5.72% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 242 thousand more shares were traded than the day before. In total, 474 thousand shares were bought and sold for approximately $8.60 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.81% during the next 3 months and, with a 90% probability hold a price between $17.86 and $21.90 at the end of this 3-month period.

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KRNT Signals & Forecast

Mostly positive signals in the chart today. The Kornit Digital Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $17.86 and $18.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 6.03%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Kornit Digital Ltd. stock

Kornit Digital Ltd. finds support from accumulated volume at $17.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.695 between high and low, or 3.98%. For the last week, the stock has had daily average volatility of 3.68%.

Our recommended stop-loss: $17.25 (-4.79%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (KRNT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Kornit Digital Ltd. to open at $17.90, and during the day (based on 14 day Average True Range), to move between $17.39 and $18.85, which gives a possible trading interval of +/-$0.728 (+/-4.02%) up or down from last closing price. If Kornit Digital Ltd. takes out the full calculated possible swing range there will be an estimated 8.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $17.45 (3.70%) than the resistance at $18.82 (3.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kornit Digital Ltd. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Kornit Digital Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.091 Buy Candidate Upgraded

Predicted Opening Price for Kornit Digital Ltd. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$17.90 ( 1.20%) $18.12

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

Trading levels for KRNT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 18.60 2.63 %
R2 18.33 1.17 %
R1 18.17 0.260 %
Current price: 18.12
Support S1 17.64 -2.67 %
S2 17.47 -3.58 %
S3 17.21 -5.04 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 19.88 9.71 %
R2 19.16 5.74 %
R1 18.82 3.86 %
Current price 18.12
Support S1 17.45 -3.70%
S2 17.35 -4.25%
S3 17.26 -4.75%

FAQ

What is the symbol for Kornit Digital Ltd. Stock and on which exchange is it traded?
The symbol for Kornit Digital Ltd. is KRNT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Kornit Digital Ltd. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Kornit Digital Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Kornit Digital Ltd. Stock?
Kornit Digital Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Kornit Digital Ltd. Stock.

What's the current price of Kornit Digital Ltd. Stock?
As of the end of day on the 2024-03-28, the price of an Kornit Digital Ltd. (KRNT) share was $18.12.

What is the 52-week high and low for Kornit Digital Ltd. Stock?
The 52-week high for Kornit Digital Ltd. Stock is $31.94 and the 52-week low is $13.29.

What is the market capitalization of Kornit Digital Ltd. Stock?
As of the 2024-03-28, the market capitalization of Kornit Digital Ltd. is 906.022M.

When is the next earnings date for Kornit Digital Ltd.?
The upcoming earnings date for Kornit Digital Ltd. is May 08, 2024.
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About Kornit Digital Ltd.

Kornit Digital Ltd. Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company's solutions include digital printing systems, ink and other consumables, associated software, and value-added services. Its products and services include direct-to-garment printing platfor... KRNT Profile

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