Kiplin Metals Inc. Stock Forecast

Big movements in Kiplin Metals Inc. stock price on Tuesday moving 15.38% between high and low
(Updated on May 14, 2024)

KIP.V Signals & Forecast

There are few to no technical positive signals at the moment. The Kiplin Metals Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0679 and $0.0663. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -23.53%. 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). Kiplin Metals 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 Kiplin Metals Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0600 and $0.0550. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0550 may give a huge drop in the stock price.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0100 between high and low, or 15.38%. For the last week, the stock has had daily average volatility of 9.36%.

Our recommended stop-loss: $0.0617 (-5.06%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (KIP.V) For The Upcoming Trading Day Of Wednesday 15th

For the upcoming trading day on Wednesday, 15th we expect Kiplin Metals Inc. to open at $0.0683, and during the day (based on 14 day Average True Range), to move between $0.0581 and $0.0719, which gives a possible trading interval of +/-$0.0069 (+/-10.57%) up or down from last closing price. If Kiplin Metals Inc. takes out the full calculated possible swing range there will be an estimated 21.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0700 (7.69%) than the support at $0.0600 (7.69%), 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 Kiplin Metals Inc. stock A Buy?

Kiplin Metals Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Kiplin Metals Inc. of Wednesday, May 15, 2024

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