Katana Capital Ltd-Fund Fund 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
Katana Capital Ltd-Fund fund upgraded to Buy Candidate.
(Updated on Jun 27, 2024)
No changes to the price of Katana Capital Ltd-Fund fund on the last trading day (Thursday, 27th Jun 2024). During the last trading day the fund fluctuated 0% from a day low at A$1.21 to a day high of A$1.21. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at A$1.21 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the fund is expected to rise 3.40% during the next 3 months and, with a 90% probability hold a price between A$1.25 and A$1.27 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 0.83%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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.
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 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 fund 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$1.14 (-5.87%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (KAT.AX) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th 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$1.21 and A$1.21, which gives a possible trading interval of +/-A$0.0038 (+/-0.31%) 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 0.62% 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Katana Capital Ltd-Fund fund to perform well in the short-term. We have upgraded our analysis conclusion for this fund since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.853 Buy Candidate Upgraded
Predicted Opening Price for Katana Capital Ltd-Fund of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| A$1.21 ( 0%) | A$1.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KAT.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.21 | - |
| R2 | 1.21 | - |
| R1 | 1.21 | - |
| Price | 1.21 | |
| S1 | 1.21 | - |
| S2 | 1.21 | - |
| S3 | 1.21 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 1.22 | 0.83% |
| Price | 1.21 | |
| S1 | 1.20 | -0.83% |
| S2 | 1.18 | -2.48% |
| S3 | 1.17 | -3.31% |
KAT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 09, 2024 | Apr 09, 2024 | May 03, 2024 | A$0.0050 | 0.424% |
| 2 | Jan 09, 2024 | Jan 09, 2024 | Feb 02, 2024 | A$0.0050 | 0.427% |
| 3 | Oct 09, 2023 | Oct 09, 2023 | Nov 03, 2023 | A$0.0050 | 0.442% |
| 4 | Jul 17, 2023 | Jul 17, 2023 | Aug 11, 2023 | A$0.0050 | 0.446% |
| 5 | Apr 18, 2023 | Apr 18, 2023 | May 12, 2023 | A$0.0050 | 0.455% |
FAQ
Click here for our free guide on how to buy Katana Capital Ltd-Fund Fund.
