Kalo Gold Corp. Stock Forecast

Kalo Gold Corp. stock price down 0% on Friday
(Updated on Jun 28, 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. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0300 and $0.0286. A breakdown below any of these levels will issue sell signals. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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 Thursday, June 27, 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).

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Tuesday, June 18, 2024 and based on theory for this formation the price should go up by 27.54% to $0.0383 within 23 trading days since signal was issued (Monday, July 22, 2024).

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.

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

Our recommended stop-loss: $0.0287 (-4.20%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (KALO.V) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Kalo Gold Corp. to open at $0.0300, and during the day (based on 14 day Average True Range), to move between $0.0276 and $0.0324, which gives a possible trading interval of +/-$0.0024 (+/-7.98%) up or down from last closing price. If Kalo Gold Corp. takes out the full calculated possible swing range there will be an estimated 15.97% 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.

Current score: 0.783 Hold/Accumulate Unchanged

Predicted Opening Price for Kalo Gold Corp. of Tuesday, July 2, 2024

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