Katana Capital Ltd-Fund Fund Forecast

Green day on Friday for Katana Capital Ltd-Fund
(Updated on Jun 21, 2024)

KAT.AX Signals & Forecast

The Katana Capital Ltd-Fund fund 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 A$1.21 and A$1.20. A breakdown below any of these levels will issue sell signals. Katana Capital Ltd-Fund 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. 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 11, 2024, and so far it has fallen -0.82%. 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).

Support, Risk & Stop-loss for Katana Capital Ltd-Fund fund

Katana Capital Ltd-Fund finds support from accumulated volume at A$1.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved A$0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%.

Our recommended stop-loss: A$1.16 (-3.97%) (This fund has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (KAT.AX) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Katana Capital Ltd-Fund to open at A$1.21, and during the day (based on 14 day Average True Range), to move between A$1.20 and A$1.22, which gives a possible trading interval of +/-A$0.0051 (+/-0.42%) up or down from last closing price. If Katana Capital Ltd-Fund takes out the full calculated possible swing range there will be an estimated 0.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at A$1.22 (0.83%) than the support at A$1.20 (0.83%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Katana Capital Ltd-Fund fund A Buy?

Katana Capital Ltd-Fund 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: 0.000 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 Katana Capital Ltd-Fund of Monday, June 24, 2024

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