Kalo Gold Corp. Stock Forecast

Kalo Gold Corp. stock upgraded to Hold/Accumulate.
(Updated on Jun 26, 2024)

KALO.V Signals & Forecast

The Kalo Gold Corp. 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 $0.0279 and $0.0284. A breakdown below any of these levels will issue sell signals. 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, June 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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.

Sell

Special Signal Notification

Double Top Formation

Support, Risk & Stop-loss for Kalo Gold Corp. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0250. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

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 $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.00%

Our recommended stop-loss: $0.0288 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (KALO.V) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Kalo Gold Corp. to open at $0.0300, and during the day (based on 14 day Average True Range), to move between $0.0272 and $0.0328, which gives a possible trading interval of +/-$0.0028 (+/-9.25%) up or down from last closing price. If Kalo Gold Corp. takes out the full calculated possible swing range there will be an estimated 18.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0250 (16.67%) than the resistance at $0.0350 (16.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kalo Gold Corp. stock A Buy?

Kalo Gold Corp. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

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 Kalo Gold Corp. of Thursday, June 27, 2024

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