Kolibri Global Energy Inc. Common Stock Stock Forecast
Kolibri Global Energy Inc. Common Stock stock upgraded to Strong Buy Candidate.
(Updated on Jun 28, 2024)
The Kolibri Global Energy Inc. Common Stock stock price gained 2.29% on the last trading day (Friday, 28th Jun 2024), rising from $3.49 to $3.57. During the last trading day the stock fluctuated 4.23% from a day low at $3.43 to a day high of $3.57. The price has risen in 5 of the last 10 days and is up by 3.48% 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, 55 thousand more shares were traded than the day before. In total, 60 thousand shares were bought and sold for approximately $214.20 thousand.
The stock lies in the middle of a wide and 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 8.40% during the next 3 months and, with a 90% probability hold a price between $3.46 and $4.13 at the end of this 3-month period.
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KGEI Signals & Forecast
The Kolibri Global Energy Inc. Common Stock 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 $3.48 and $3.37. A breakdown below any of these levels will issue sell signals. Kolibri Global Energy Inc. Common Stock 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. Higher liquidity also reduces the general risk. 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 Wednesday, June 05, 2024, and so far it has fallen -1.65%. 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).
Support, Risk & Stop-loss for Kolibri Global Energy Inc. Common Stock stock
On the downside, the stock finds support just below today's level from accumulated volume at $3.38 and $3.36. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Kolibri Global Energy Inc. Common Stock finds support just below today's level at $3.38. If this is broken, then the next support from accumulated volume will be at $3.36 and $3.22.
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 $0.145 (4.23%) between high and low. For the last week, the stock has had daily average volatility of 2.77%.
Our recommended stop-loss: $3.42 (-4.10%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 28 days ago.)
Trading Expectations (KGEI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Kolibri Global Energy Inc. Common Stock to open at $3.52, and during the day (based on 14 day Average True Range), to move between $3.45 and $3.69, which gives a possible trading interval of +/-$0.123 (+/-3.46%) up or down from last closing price. If Kolibri Global Energy Inc. Common Stock takes out the full calculated possible swing range there will be an estimated 6.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.59 (0.56%) than the support at $3.38 (5.46%), 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 Kolibri Global Energy Inc. Common Stock stock A Buy?
Kolibri Global Energy Inc. Common Stock holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.243 Strong Buy Candidate Upgraded
Predicted Opening Price for Kolibri Global Energy Inc. Common Stock of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$3.52 ( 1.35%) | $3.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KGEI
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3.67 | 2.71% |
R2 | 3.61 | 1.16% |
R1 | 3.58 | 0.198% |
Price | 3.57 | |
S1 | 3.47 | -2.91% |
S2 | 3.43 | -3.86% |
S3 | 3.38 | -5.42% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 3.63 | 1.68% |
R1 | 3.59 | 0.560% |
Price | 3.57 | |
S1 | 3.38 | -5.46% |
S2 | 3.36 | -5.88% |
S3 | 3.22 | -9.80% |
FAQ
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