Kelso Technologies Inc. Stock Forecast
Kelso Technologies Inc. stock price ended at $0.155 on Tuesday, after gaining 3.33%.
(Updated on Jun 25, 2024)
The Kelso Technologies Inc. stock price gained 3.33% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.150 to $0.155. During the last trading day the stock fluctuated 0% from a day low at $0.155 to a day high of $0.155. The price has been going up and down for this period, and there has been a 3.33% gain for the last 2 weeks. Volume fell on the last day by -33 thousand shares and in total, 1 thousand shares were bought and sold for approximately $186.00 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very 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 3.28% during the next 3 months and, with a 90% probability hold a price between $0.140 and $0.199 at the end of this 3-month period.
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KLS.TO Signals & Forecast
There are mixed signals in the stock today. The Kelso Technologies Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.159. On a fall, the stock will find some support from the short-term average at $0.152. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -3.13%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
A sell signal from a double top formation was found on Wednesday, April 17, 2024 and based on theory for this formation the price should fall by -19.35% to $0.125 within 4 trading days since signal was issued (Tuesday, April 23, 2024).
Support, Risk & Stop-loss for Kelso Technologies Inc. stock
Kelso Technologies Inc. finds support from accumulated volume at $0.150 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. 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 0.690%.
Our recommended stop-loss: $0.150 (-3.49%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (KLS.TO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Kelso Technologies Inc. to open at $0.155, and during the day (based on 14 day Average True Range), to move between $0.149 and $0.161, which gives a possible trading interval of +/-$0.0062 (+/-4.01%) up or down from last closing price. If Kelso Technologies Inc. takes out the full calculated possible swing range there will be an estimated 8.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.160 (3.23%) than the support at $0.150 (3.23%), 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 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: -0.358 Hold/Accumulate Unchanged
Predicted Opening Price for Kelso Technologies Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.155 ( 0%) | $0.155 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KLS.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.155 | - |
| R2 | 0.155 | - |
| R1 | 0.155 | - |
| Price | 0.155 | |
| S1 | 0.155 | - |
| S2 | 0.155 | - |
| S3 | 0.155 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.180 | 16.13% |
| R2 | 0.170 | 9.68% |
| R1 | 0.160 | 3.23% |
| Price | 0.155 | |
| S1 | 0.150 | -3.23% |
| S2 | 0.140 | -9.68% |
| S3 | 0.135 | -12.90% |
KLS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 13, 2015 | Apr 13, 2015 | Apr 30, 2015 | $0.0380 | 0.771% |
| 2 | Apr 03, 2014 | Apr 11, 2014 | Apr 30, 2014 | $0.0110 | 0.174% |
FAQ
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