Kraig Biocraft Laboratories, Inc. Stock Forecast
Red day on Thursday for Kraig Biocraft Laboratories, Inc.
(Updated on Apr 25, 2024)
The Kraig Biocraft Laboratories, Inc. stock price fell by -2.08% on the last day (Thursday, 25th Apr 2024) from $0.0960 to $0.0940. During the last trading day the stock fluctuated 5.78% from a day low at $0.0917 to a day high of $0.0970. The price has been going up and down for this period, and there has been a 9.24% 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 -215 thousand shares and in total, 487 thousand shares were bought and sold for approximately $45.77 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0812 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 stock is expected to rise 36.21% during the next 3 months and, with a 90% probability hold a price between $0.111 and $0.242 at the end of this 3-month period.
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KBLB Signals & Forecast
The Kraig Biocraft Laboratories, Inc. 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 $0.0924 and $0.0898. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -37.17%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Kraig Biocraft Laboratories, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0865 and $0.0820. 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, Kraig Biocraft Laboratories, Inc. finds support just below today's level at $0.0865. If this is broken, then the next support from accumulated volume will be at $0.0820 and $0.0795.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0053 between high and low, or 5.78%. For the last week the stock has had daily average volatility of 11.74%.
Our recommended stop-loss: $0.0888 (-5.52%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 37 days ago.)
Trading Expectations (KBLB) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Kraig Biocraft Laboratories, Inc. to open at $0.0942, and during the day (based on 14 day Average True Range), to move between $0.0832 and $0.105, which gives a possible trading interval of +/-$0.0108 (+/-11.49%) up or down from last closing price. If Kraig Biocraft Laboratories, Inc. takes out the full calculated possible swing range there will be an estimated 22.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0950 (1.06%) than the support at $0.0865 (7.98%), 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 Kraig Biocraft Laboratories, Inc. stock 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 Kraig Biocraft Laboratories, Inc. stock to perform well in the short-term.
Current score: 4.346 Buy Candidate Unchanged
Predicted Opening Price for Kraig Biocraft Laboratories, Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.0942 ( 0.248%) | $0.0940 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KBLB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0995 | 5.89 % | |
| R2 | 0.0975 | 3.73 % | ||
| R1 | 0.0963 | 2.40 % | ||
| Current price: | 0.0940 | |||
| Support | S1 | 0.0922 | -1.91 % | |
| S2 | 0.0910 | -3.24 % | ||
| S3 | 0.0889 | -5.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.100 | 6.38 % | |
| R2 | 0.0976 | 3.83 % | ||
| R1 | 0.0950 | 1.06 % | ||
| Current price | 0.0940 | |||
| Support | S1 | 0.0865 | -7.98% | |
| S2 | 0.0820 | -12.77% | ||
| S3 | 0.0795 | -15.43% |
FAQ
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