Kelso Technologies Inc. Stock Forecast
Evaluation of Kelso Technologies Inc. stock downgraded after the last trading session.
(Updated on Jun 17, 2024)
No changes to the price of Kelso Technologies Inc. stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.150 to a day high of $0.150. 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 -2.69% during the next 3 months and, with a 90% probability hold a price between $0.122 and $0.183 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 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 $0.151 and $0.161. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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 -16.67% to $0.125 within 4 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for Kelso Technologies Inc. stock
Kelso Technologies Inc. finds support from accumulated volume at $0.145 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.690%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KLS.TO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Kelso Technologies Inc. to open at $0.150, and during the day (based on 14 day Average True Range), to move between $0.143 and $0.157, which gives a possible trading interval of +/-$0.0070 (+/-4.66%) up or down from last closing price. If Kelso Technologies Inc. takes out the full calculated possible swing range there will be an estimated 9.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.155 (3.33%) than the support at $0.145 (3.33%), 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 negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.209 Sell Candidate Downgraded
Predicted Opening Price for Kelso Technologies Inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.150 ( 0%) | $0.150 |
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 | 0.150 | - |
| R2 | 0.150 | - |
| R1 | 0.150 | - |
| Price | 0.150 | |
| S1 | 0.150 | - |
| S2 | 0.150 | - |
| S3 | 0.150 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.180 | 20.00% |
| R2 | 0.160 | 6.67% |
| R1 | 0.155 | 3.33% |
| Price | 0.150 | |
| S1 | 0.145 | -3.33% |
| S2 | 0.140 | -6.67% |
| S3 | 0.135 | -10.00% |
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% |
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