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RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of KELTF
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Kelt Exploration Ltd. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 14, 2024)

Buy candidate since Jun 14, 2024 PDF

The Kelt Exploration Ltd. stock price gained 0.682% on the last trading day (Friday, 14th Jun 2024), rising from $4.40 to $4.43. During the last trading day the stock fluctuated 0% from a day low at $4.43 to a day high of $4.43. The price has been going up and down for this period, and there has been a -2.42% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $7.09 thousand.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Kelt Exploration Ltd. stock with a 90% probability to be traded between $4.05 and $4.68 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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KELTF Signals & Forecast

The Kelt Exploration Ltd. 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 $4.46. On a fall, the stock will find some support from the long-term average at approximately $4.42. 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). Kelt Exploration Ltd. 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. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -3.06%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Kelt Exploration Ltd. stock

Kelt Exploration Ltd. finds support from accumulated volume at $4.42 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 (0%) between high and low. For the last week, the stock has had daily average volatility of 0%.

Our recommended stop-loss: $4.26 (-3.94%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)

Trading Expectations (KELTF) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Kelt Exploration Ltd. to open at $4.43, and during the day (based on 14 day Average True Range), to move between $4.38 and $4.48, which gives a possible trading interval of +/-$0.0532 (+/-1.20%) up or down from last closing price. If Kelt Exploration Ltd. takes out the full calculated possible swing range there will be an estimated 2.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $4.42 (0.20%) than the resistance at $4.49 (1.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kelt Exploration Ltd. stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Kelt Exploration Ltd. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.502 Buy Candidate Upgraded

Predicted Opening Price for Kelt Exploration Ltd. of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$4.43 ( 0%) $4.43

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

Trading levels for KELTF

Fibonacci Support & Resistance Levels

Level Price
R3 4.43 -
R2 4.43 -
R1 4.43 -
Price 4.43
S1 4.43 -
S2 4.43 -
S3 4.43 -

Accumulated Volume Support & Resistance Levels

Level Price
R3 4.67 5.42%
R2 4.54 2.48%
R1 4.49 1.35%
Price 4.43
S1 4.42 -0.203%
S2 4.41 -0.422%
S3 4.27 -3.72%

FAQ

What is the symbol for Kelt Exploration Ltd. Stock and on which exchange is it traded?
The symbol for Kelt Exploration Ltd. is KELTF and it is traded on the PINK (Pink Sheets).

Should I buy or sell Kelt Exploration Ltd. Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Kelt Exploration Ltd. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Kelt Exploration Ltd. Stock?
Kelt Exploration Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Kelt Exploration Ltd. Stock.

What's the current price of Kelt Exploration Ltd. Stock?
As of the end of day on the Jun 14, 2024, the price of an Kelt Exploration Ltd. (KELTF) share was $4.43.

What is the 52-week high and low for Kelt Exploration Ltd. Stock?
The 52-week high for Kelt Exploration Ltd. Stock is $5.95 and the 52-week low is $3.65.

What is the market capitalization of Kelt Exploration Ltd. Stock?
As of the Jun 14, 2024, the market capitalization of Kelt Exploration Ltd. is 864.736M.

When is the next earnings date for Kelt Exploration Ltd.?
The upcoming earnings date for Kelt Exploration Ltd. is Aug 01, 2024.
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About Kelt Exploration Ltd.

Kelt Exploration Ltd. Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in northwestern Alberta and northeastern British Columbia, Canada. The company markets its crude oil, natural gas, and natural gas liquids production primarily to third party marketing companies. As of December 31, 2021, it had proved developed producing reserves of 43.9 million barrels of oil equ... KELTF Profile

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