Katoro Gold Plc 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
Weaker technical forecast for Katoro Gold Plc as stock downgraded to Sell Candidate.
(Updated on May 03, 2024)
The Katoro Gold Plc stock price fell by -2.22% on the last day (Friday, 3rd May 2024) from £0.0900 to £0.0880. During the last trading day the stock fluctuated 7.32% from a day low at £0.0820 to a day high of £0.0880. The price has been going up and down for this period, and there has been a 6.67% gain for the last 2 weeks. Volume has increased on the last day by 4 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 million shares were bought and sold for approximately £356.61 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.37% during the next 3 months and, with a 90% probability hold a price between £0.0532 and £0.0960 at the end of this 3-month period.
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KAT.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 10.00%. 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. The Katoro Gold Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £0.0899 and £0.0895. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Katoro Gold Plc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Katoro Gold Plc stock
Katoro Gold Plc finds support from accumulated volume at £0.0850 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £0.0060 between high and low, or 7.32%. For the last week, the stock has had daily average volatility of 13.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KAT.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Katoro Gold Plc to open at £0.0860, and during the day (based on 14 day Average True Range), to move between £0.0782 and £0.0978, which gives a possible trading interval of +/-£0.0098 (+/-11.09%) up or down from last closing price. If Katoro Gold Plc takes out the full calculated possible swing range there will be an estimated 22.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £0.0900 (2.27%) than the support at £0.0850 (3.41%), 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 Katoro Gold Plc stock A Buy?
Katoro Gold Plc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.521 Sell Candidate Downgraded
Predicted Opening Price for Katoro Gold Plc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £0.0860 ( 2.27%) | £0.0880 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KAT.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0920 | 4.55 % | |
| R2 | 0.0897 | 1.94 % | ||
| R1 | 0.0883 | 0.332 % | ||
| Current price: | 0.0880 | |||
| Support | S1 | 0.0837 | -4.88 % | |
| S2 | 0.0823 | -6.49 % | ||
| S3 | 0.0800 | -9.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0975 | 10.80 % | |
| R2 | 0.0925 | 5.11 % | ||
| R1 | 0.0900 | 2.27 % | ||
| Current price | 0.0880 | |||
| Support | S1 | 0.0850 | -3.41% | |
| S2 | 0.0820 | -6.82% | ||
| S3 | 0.0800 | -9.09% |
FAQ
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