Kutcho Copper Corp Stock Forecast

Weaker technical forecast for Kutcho Copper Corp as stock downgraded to Hold/Accumulate.
(Updated on May 30, 2024)

KCCFF Signals & Forecast

The Kutcho Copper Corp stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.147. On a fall, the stock will find some support from the long-term average at approximately $0.119. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, May 20, 2024, and so far it has fallen -17.16%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Kutcho Copper Corp stock

Kutcho Copper Corp finds support from accumulated volume at $0.140 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0106 between high and low, or 7.34%. For the last week the stock has had daily average volatility of 7.82%.

Our recommended stop-loss: $0.141 (-3.34%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 20 days ago.)

Trading Expectations (KCCFF) For The Upcoming Trading Day Of Friday 31st

For the upcoming trading day on Friday, 31st we expect Kutcho Copper Corp to open at $0.148, and during the day (based on 14 day Average True Range), to move between $0.131 and $0.161, which gives a possible trading interval of +/-$0.0149 (+/-10.25%) up or down from last closing price. If Kutcho Copper Corp takes out the full calculated possible swing range there will be an estimated 20.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.151 (3.64%) than the support at $0.140 (3.97%), 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 Kutcho Copper Corp stock A Buy?

Kutcho Copper Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.875 Hold/Accumulate Downgraded

Predicted Opening Price for Kutcho Copper Corp of Friday, May 31, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.