KNT Holdings Limited Stock Forecast

High volatility in KNT Holdings Limited stock price on Thursday which ended trading at HK$0.0770
(Updated on May 16, 2024)

1025.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has risen 30.51%. 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 KNT Holdings Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.159. On a fall, the stock will find some support from the short-term average at HK$0.0753. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for KNT Holdings Limited stock

KNT Holdings Limited finds support from accumulated volume at HK$0.0760 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0110 between high and low, or 15.07%. For the last week the stock has had daily average volatility of 20.12%.

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

Trading Expectations (1025.HK) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect KNT Holdings Limited to open at HK$0.0780, and during the day (based on 14 day Average True Range), to move between HK$0.0569 and HK$0.0971, which gives a possible trading interval of +/-HK$0.0201 (+/-26.06%) up or down from last closing price. If KNT Holdings Limited takes out the full calculated possible swing range there will be an estimated 52.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at HK$0.0760 (1.30%) than the resistance at HK$0.0820 (6.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is KNT Holdings Limited stock A Buy?

KNT Holdings Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.783 Sell Candidate Unchanged

Predicted Opening Price for KNT Holdings Limited of Friday, May 17, 2024

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