Kona Gold Solutions, Inc. Stock Forecast
Volatile ride for Kona Gold Solutions, Inc. stock price on Monday moving between $0.0013 and $0.0015
(Updated on Apr 22, 2024)
The Kona Gold Solutions, Inc. stock price fell by -3.33% on the last day (Monday, 22nd Apr 2024) from $0.0015 to $0.0015. During the last trading day the stock fluctuated 15.38% from a day low at $0.0013 to a day high of $0.0015. The price has fallen in 6 of the last 10 days and is down by -54.29% for this period. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 18 million shares were bought and sold for approximately $26.33 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0014 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.22% during the next 3 months and, with a 90% probability hold a price between $0.0013 and $0.0058 at the end of this 3-month period.
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KGKG Signals & Forecast
There are few to no technical positive signals at the moment. The Kona Gold Solutions, Inc. 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 $0.0016 and $0.0035. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -76.23%. 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). Kona Gold Solutions, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Kona Gold Solutions, Inc. stock
Kona Gold Solutions, Inc. finds support from accumulated volume at $0.0014 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0002 between high and low, or 15.38%. For the last week, the stock has had daily average volatility of 27.82%.
Kona Gold Solutions, Inc. is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KGKG) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Kona Gold Solutions, Inc. to open at $0.0014, and during the day (based on 14 day Average True Range), to move between $0.0009 and $0.0020, which gives a possible trading interval of +/-$0.0006 (+/-40.93%) up or down from last closing price. If Kona Gold Solutions, Inc. takes out the full calculated possible swing range there will be an estimated 81.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0014 (3.45%) than the resistance at $0.0015 (3.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kona Gold Solutions, Inc. stock A Buy?
Kona Gold Solutions, Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.986 Sell Candidate Upgraded
Predicted Opening Price for Kona Gold Solutions, Inc. of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $0.0014 ( 2.30%) | $0.0015 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KGKG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0016 | 11.49 % | |
| R2 | 0.0015 | 6.23 % | ||
| R1 | 0.0015 | 2.97 % | ||
| Current price: | 0.0015 | |||
| Support | S1 | 0.0013 | -7.57 % | |
| S2 | 0.0013 | -10.82 % | ||
| S3 | 0.0012 | -16.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0016 | 6.90 % | ||
| R1 | 0.0015 | 3.45 % | ||
| Current price | 0.0015 | |||
| Support | S1 | 0.0014 | -3.45% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
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