Kalo Gold Corp. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Kalo Gold Corp. stock price down 0% on Friday
(Updated on Jun 28, 2024)
No changes to the price of Kalo Gold Corp. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0300 to a day high of $0.0300. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.95% during the next 3 months and, with a 90% probability hold a price between $0.0232 and $0.0438 at the end of this 3-month period.
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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).
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
| Fair opening price July 2, 2024 | Current price |
|---|---|
| $0.0300 ( 0%) | $0.0300 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KALO.V
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0300 | - |
| R2 | 0.0300 | - |
| R1 | 0.0300 | - |
| Price | 0.0300 | |
| S1 | 0.0300 | - |
| S2 | 0.0300 | - |
| S3 | 0.0300 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.0350 | 16.67% |
| Price | 0.0300 | |
| S1 | 0.0250 | -16.67% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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