Kiwetinohk Energy Corp. Stock Forecast
Kiwetinohk Energy Corp. stock price up 1.31% on Friday
(Updated on Jun 28, 2024)
The Kiwetinohk Energy Corp. stock price gained 1.31% on the last trading day (Friday, 28th Jun 2024), rising from $13.02 to $13.19. During the last trading day the stock fluctuated 4.50% from a day low at $12.90 to a day high of $13.48. The price has risen in 6 of the last 10 days and is up by 0.61% 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, 1 thousand more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $15.97 thousand.
The stock lies in the middle of a weak 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 6.68% during the next 3 months and, with a 90% probability hold a price between $13.42 and $14.58 at the end of this 3-month period.
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KEC.TO Signals & Forecast
The Kiwetinohk Energy Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $12.91 and $12.97. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 5.44%. Further rise is indicated until a new top pivot has been found. Kiwetinohk Energy Corp. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Kiwetinohk Energy Corp. stock
Kiwetinohk Energy Corp. finds support from accumulated volume at $13.17 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.580 between high and low, or 4.50%. For the last week the stock has had daily average volatility of 2.89%.
Our recommended stop-loss: $12.47 (-5.49%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (KEC.TO) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Kiwetinohk Energy Corp. to open at $13.19, and during the day (based on 14 day Average True Range), to move between $12.88 and $13.50, which gives a possible trading interval of +/-$0.314 (+/-2.38%) up or down from last closing price. If Kiwetinohk Energy Corp. takes out the full calculated possible swing range there will be an estimated 4.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.20 (0.08%) than the support at $13.17 (0.15%), 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 Kiwetinohk Energy Corp. 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 Kiwetinohk Energy Corp. stock to perform well in the short-term.
Current score: 2.337 Buy Candidate Unchanged
Predicted Opening Price for Kiwetinohk Energy Corp. of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| $13.19 ( 0%) | $13.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KEC.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.77 | 4.40% |
| R2 | 13.55 | 2.72% |
| R1 | 13.41 | 1.68% |
| Price | 13.19 | |
| S1 | 12.97 | -1.68% |
| S2 | 12.83 | -2.72% |
| S3 | 12.61 | -4.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.29 | 0.758% |
| R2 | 13.25 | 0.455% |
| R1 | 13.20 | 0.0758% |
| Price | 13.19 | |
| S1 | 13.17 | -0.152% |
| S2 | 13.05 | -1.06% |
| S3 | 12.82 | -2.81% |
FAQ
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