Kraig Biocraft Laboratories, Inc. Stock Forecast
Kraig Biocraft Laboratories, Inc. stock downgraded from Strong Buy Candidate to Buy Candidate after Tuesday trading session.
(Updated on May 07, 2024)
The Kraig Biocraft Laboratories, Inc. stock price fell by -4.54% on the last day (Tuesday, 7th May 2024) from $0.106 to $0.101. During the last trading day the stock fluctuated 8.42% from a day low at $0.101 to a day high of $0.110. The price has fallen in 7 of the last 10 days but is still up by 2.2% over the past 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 -2 million shares and in total, 607 thousand shares were bought and sold for approximately $61.29 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.76% during the next 3 months and, with a 90% probability hold a price between $0.0765 and $0.187 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 $0.0942 and $0.0908. 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 -32.49%. 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
Kraig Biocraft Laboratories, Inc. finds support from accumulated volume at $0.100 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0085 between high and low, or 8.42%. For the last week the stock has had daily average volatility of 13.02%.
Our recommended stop-loss: $0.0953 (-5.68%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (KBLB) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Kraig Biocraft Laboratories, Inc. to open at $0.104, and during the day (based on 14 day Average True Range), to move between $0.0904 and $0.112, which gives a possible trading interval of +/-$0.0106 (+/-10.48%) 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 20.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.100 (0.99%) than the resistance at $0.106 (4.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Kraig Biocraft Laboratories, Inc. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Kraig Biocraft Laboratories, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 14.63% in the first trading day after earnings release.
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.701 Buy Candidate Downgraded
Predicted Opening Price for Kraig Biocraft Laboratories, Inc. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $0.104 ( 2.81%) | $0.101 |
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 | 0.112 | 11.22 % | |
| R2 | 0.109 | 8.01 % | ||
| R1 | 0.107 | 6.02 % | ||
| Current price: | 0.101 | |||
| Support | S1 | 0.101 | -0.410 % | |
| S2 | 0.0986 | -2.40 % | ||
| S3 | 0.0953 | -5.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.125 | 23.66 % | |
| R2 | 0.124 | 22.87 % | ||
| R1 | 0.106 | 4.75 % | ||
| Current price | 0.101 | |||
| Support | S1 | 0.100 | -0.99% | |
| S2 | 0.0820 | -18.81% | ||
| S3 | 0.0795 | -21.29% |
FAQ
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