Karsten S.A. Stock Forecast

Karsten S.A. stock price ended at R$17.51 on Monday, after losing 0%.
(Updated on Jun 03, 2024)

CTKA4.SA Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, May 24, 2024, and so far it has risen 0.0571%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Karsten S.A. 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 R$17.58 and R$18.68. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Karsten S.A. stock

Karsten S.A. finds support from accumulated volume at R$17.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved R$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Karsten S.A. is oversold on RSI14 (1). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: R$16.29 (-6.95%) (This stock has low daily movements and this gives low risk. Low RSI14 is 1 which reduces the risk some. There is a buy signal from a pivot bottom found 42 days ago.)

Trading Expectations (CTKA4.SA) For The Upcoming Trading Day Of Tuesday 4th

For the upcoming trading day on Tuesday, 4th we expect Karsten S.A. to open at R$17.51, and during the day (based on 14 day Average True Range), to move between R$17.29 and R$17.73, which gives a possible trading interval of +/-R$0.217 (+/-1.24%) up or down from last closing price. If Karsten S.A. takes out the full calculated possible swing range there will be an estimated 2.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at R$17.50 (0.06%) than the resistance at R$18.50 (5.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Karsten S.A. stock A Buy?

Karsten S.A. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 Karsten S.A. of Tuesday, June 4, 2024

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