Keweenaw Financial Corp Stock Forecast

Keweenaw Financial Corp stock price ended at £0.526 on Friday, after losing 1.87%.
(Updated on Apr 26, 2024)

KEFI.L Signals & Forecast

There are few to no technical positive signals at the moment. The Keweenaw Financial Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £0.546 and £0.562. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, February 26, 2024, and so far it has fallen -39.54%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Keweenaw Financial Corp stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £0.0460 (9.13%) between high and low. For the last week, the stock has had daily average volatility of 8.01%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (KEFI.L) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Keweenaw Financial Corp to open at £0.527, and during the day (based on 14 day Average True Range), to move between £0.487 and £0.565, which gives a possible trading interval of +/-£0.0388 (+/-7.37%) up or down from last closing price. If Keweenaw Financial Corp takes out the full calculated possible swing range there will be an estimated 14.75% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ £0.566, some £0.0400 (7.60%) from the current price of £0.526, our system finds the risk reward not very attractive.

Is Keweenaw Financial Corp stock A Buy?

Keweenaw Financial Corp holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.334 Sell Candidate Unchanged

Predicted Opening Price for Keweenaw Financial Corp of Monday, April 29, 2024

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