Kaya Holdings Stock Forecast
High volatility in Kaya Holdings stock price on Tuesday which ended trading at $0.0469
(Updated on May 07, 2024)
The Kaya Holdings stock price gained 51.29% on the last trading day (Tuesday, 7th May 2024), rising from $0.0310 to $0.0469. During the last trading day the stock fluctuated 17.25% from a day low at $0.0400 to a day high of $0.0469. The price has risen in 5 of the last 10 days and is up by 67.5% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 48 thousand more shares were traded than the day before. In total, 52 thousand shares were bought and sold for approximately $2.44 thousand.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0464, a level that may pose a second chance to hit a runner. According to fan-theory $0.0657 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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KAYS Signals & Forecast
Mostly positive signals in the chart today. The Kaya Holdings 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 $0.0411 and $0.0366. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 51.29%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Kaya Holdings 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.
Support, Risk & Stop-loss for Kaya Holdings stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0430 and $0.0408. 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, Kaya Holdings finds support just below today's level at $0.0430. If this is broken, then the next support from accumulated volume will be at $0.0408 and $0.0400.
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 $0.0069 between high and low, or 17.25%. For the last week, the stock has had daily average volatility of 16.27%.
Our recommended stop-loss: $0.0452 (-3.70%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (KAYS) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Kaya Holdings to open at $0.0446, and during the day (based on 14 day Average True Range), to move between $0.0418 and $0.0520, which gives a possible trading interval of +/-$0.0051 (+/-10.79%) up or down from last closing price. If Kaya Holdings takes out the full calculated possible swing range there will be an estimated 21.59% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0430, some $0.0039 (8.32%) from the current price of $0.0469, our system finds the risk reward attractive.
Is Kaya Holdings stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Buy candidate.
Current score: 3.220 Buy Candidate Upgraded
Predicted Opening Price for Kaya Holdings of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $0.0446 ( 4.90%) | $0.0469 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KAYS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0515 | 9.81 % | |
| R2 | 0.0489 | 4.19 % | ||
| R1 | 0.0472 | 0.716 % | ||
| Current price: | 0.0469 | |||
| Support | S1 | 0.0420 | -10.52 % | |
| S2 | 0.0403 | -14.00 % | ||
| S3 | 0.0377 | -19.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0469 | |||
| Support | S1 | 0.0430 | -8.32% | |
| S2 | 0.0408 | -13.11% | ||
| S3 | 0.0400 | -14.71% |
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