KALM USD Stock Forecast
KALM USD stock upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The KALM USD stock price gained 1.37% on the last trading day (Friday, 28th Jun 2024), rising from $0.0519 to $0.0526. During the last trading day the stock fluctuated 2.74% from a day low at $0.0519 to a day high of $0.0533. The price has fallen in 6 of the last 10 days and is down by -27.91% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 16 thousand shares were bought and sold for approximately $829.35 .
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -42.23% during the next 3 months and, with a 90% probability hold a price between $0.0180 and $0.0661 at the end of this 3-month period.
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KALMUSD Signals & Forecast
There are mixed signals in the stock today. The KALM USD 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 $0.0599 and $0.0951. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 1.37%. 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). KALM USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for KALM USD stock
KALM USD finds support from accumulated volume at $0.0519 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0014 between high and low, or 2.74%. For the last week, the stock has had daily average volatility of 7.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KALMUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect KALM USD to open at $0.0526, and during the day (based on 14 day Average True Range), to move between $0.0464 and $0.0589, which gives a possible trading interval of +/-$0.0062 (+/-11.87%) up or down from last closing price. If KALM USD takes out the full calculated possible swing range there will be an estimated 23.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0519 (1.35%) than the resistance at $0.0542 (3.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KALM USD stock A Buy?
KALM USD 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.935 Sell Candidate Upgraded
Predicted Opening Price for KALM USD of Saturday, June 29, 2024
Fair opening price June 29, 2024 | Current price |
---|---|
$0.0526 ( 0.0241%) | $0.0526 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KALMUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0540 | 2.73% |
R2 | 0.0535 | 1.69% |
R1 | 0.0532 | 1.06% |
Price | 0.0526 | |
S1 | 0.0521 | -1.01% |
S2 | 0.0517 | -1.65% |
S3 | 0.0512 | -2.68% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0654 | 24.23% |
R2 | 0.0618 | 17.48% |
R1 | 0.0542 | 3.03% |
Price | 0.0526 | |
S1 | 0.0519 | -1.35% |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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