Kaival Brands Innovations Group, Inc. Stock Forecast
Volatile ride for Kaival Brands Innovations Group, Inc. stock price on Friday moving between $1.45 and $1.74
(Updated on Jun 28, 2024)
The Kaival Brands Innovations Group, Inc. stock price fell by -4.69% on the last day (Friday, 28th Jun 2024) from $1.60 to $1.53. During the last trading day the stock fluctuated 19.67% from a day low at $1.45 to a day high of $1.74. The price has been going up and down for this period, and there has been a 12.13% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 2 million shares were bought and sold for approximately $3.35 million.
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 -29.99% during the next 3 months and, with a 90% probability hold a price between $0.427 and $3.24 at the end of this 3-month period.
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KAVL Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kaival Brands Innovations Group, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.62 and $2.28. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -75.79%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Kaival Brands Innovations Group, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.34 and $1.25. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Kaival Brands Innovations Group, Inc. finds support just below today's level at $1.34. If this is broken, then the next support from accumulated volume will be at $1.25 and $1.21.
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 $0.286 between high and low, or 19.67%. For the last week, the stock has had daily average volatility of 21.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KAVL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Kaival Brands Innovations Group, Inc. to open at $1.57, and during the day (based on 14 day Average True Range), to move between $0.614 and $2.44, which gives a possible trading interval of +/-$0.91 (+/-59.74%) up or down from last closing price. If Kaival Brands Innovations Group, Inc. takes out the full calculated possible swing range there will be an estimated 119.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.53 (0.33%) than the support at $1.34 (12.13%), 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 Kaival Brands Innovations Group, Inc. stock A Buy?
Kaival Brands Innovations Group, Inc. 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.
Current score: -5.412 Strong Sell Candidate Unchanged
Predicted Opening Price for Kaival Brands Innovations Group, Inc. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$1.57 ( 3.15%) | $1.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KAVL
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.86 | 21.90% |
R2 | 1.75 | 14.74% |
R1 | 1.68 | 10.31% |
Price | 1.53 | |
S1 | 1.46 | -4.02% |
S2 | 1.40 | -8.44% |
S3 | 1.29 | -15.61% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.66 | 8.85% |
R2 | 1.60 | 4.92% |
R1 | 1.53 | 0.328% |
Price | 1.53 | |
S1 | 1.34 | -12.13% |
S2 | 1.25 | -18.03% |
S3 | 1.21 | -20.66% |
FAQ
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