Kelso Technologies Inc Stock Forecast
Red day on Tuesday for Kelso Technologies Inc
(Updated on May 07, 2024)
No changes to the price of Kelso Technologies Inc stock on the last trading day (Tuesday, 7th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.140 to a day high of $0.140. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.55% during the next 3 months and, with a 90% probability hold a price between $0.101 and $0.152 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
KIQ Signals & Forecast
The Kelso Technologies Inc 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 $0.140 and $0.139. A breakdown below any of these levels will issue sell signals. 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 Monday, May 06, 2024, and so far it has fallen 0%. 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 fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Kelso Technologies Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.120 and $0.116. 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, Kelso Technologies Inc finds support just below today's level at $0.120. If this is broken, then the next support from accumulated volume will be at $0.116 and $0.107.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $0.134 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (KIQ) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Kelso Technologies Inc to open at $0.140, and during the day (based on 14 day Average True Range), to move between $0.139 and $0.142, which gives a possible trading interval of +/-$0.0016 (+/-1.13%) up or down from last closing price. If Kelso Technologies Inc takes out the full calculated possible swing range there will be an estimated 2.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.142 (1.57%) than the support at $0.120 (14.35%), 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.
Earnings coming up
Kelso Technologies Inc will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for Kelso Technologies Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 13.15% in the first trading day after earnings release.
Is Kelso Technologies Inc stock A Buy?
Kelso Technologies Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
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 Kelso Technologies Inc of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
$0.140 ( 0%) | $0.140 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KIQ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.140 | . | |
R2 | 0.140 | . | ||
R1 | 0.140 | . | ||
Current price: | 0.140 | |||
Support | S1 | 0.140 | . | |
S2 | 0.140 | . | ||
S3 | 0.140 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.150 | 7.07 % | |
R2 | 0.145 | 3.50 % | ||
R1 | 0.142 | 1.57 % | ||
Current price | 0.140 | |||
Support | S1 | 0.120 | -14.35% | |
S2 | 0.116 | -17.34% | ||
S3 | 0.107 | -23.63% |
KIQ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 02, 2015 | Apr 13, 2015 | Apr 30, 2014 | $0.0300 | 0.533% |
2 | Apr 11, 2014 | Apr 11, 2014 | Apr 11, 2014 | $0.0100 | 0.217% |
FAQ
Click here for our free guide on how to buy Kelso Technologies Inc Stock.