Kaltura, Inc. Stock Forecast
Volatile ride for Kaltura, Inc. stock price on Monday moving between $1.19 and $1.34
(Updated on Jun 17, 2024)
The Kaltura, Inc. stock price gained 6.56% on the last trading day (Monday, 17th Jun 2024), rising from $1.22 to $1.30. During the last trading day the stock fluctuated 12.71% from a day low at $1.19 to a day high of $1.34. The price has risen in 6 of the last 10 days and is up by 27.45% over the past 2 weeks. Volume fell on the last day by -73 thousand shares and in total, 333 thousand shares were bought and sold for approximately $432.47 thousand. 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.
Given the current short-term trend, the stock is expected to fall -18.70% during the next 3 months and, with a 90% probability hold a price between $0.639 and $1.06 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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KLTR Signals & Forecast
The Kaltura, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $1.12 and $1.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 59.71%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 also not.
Support, Risk & Stop-loss for Kaltura, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.22 and $1.19. 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, Kaltura, Inc. finds support just below today's level at $1.22. If this is broken, then the next support from accumulated volume will be at $1.19 and $1.14.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.151 between high and low, or 12.71%. For the last week the stock has had daily average volatility of 14.36%.
Our recommended stop-loss: $1.26 (-3.34%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (KLTR) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Kaltura, Inc. to open at $1.28, and during the day (based on 14 day Average True Range), to move between $1.20 and $1.40, which gives a possible trading interval of +/-$0.0999 (+/-7.69%) up or down from last closing price. If Kaltura, Inc. takes out the full calculated possible swing range there will be an estimated 15.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.32 (1.54%) than the support at $1.22 (6.15%), 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 Kaltura, Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 4.298 Buy Candidate Unchanged
Predicted Opening Price for Kaltura, Inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $1.28 ( 1.82%) | $1.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KLTR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.43 | 9.80% |
| R2 | 1.37 | 5.36% |
| R1 | 1.33 | 2.62% |
| Price | 1.30 | |
| S1 | 1.22 | -6.26% |
| S2 | 1.18 | -9.01% |
| S3 | 1.13 | -13.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.38 | 6.15% |
| R2 | 1.35 | 3.85% |
| R1 | 1.32 | 1.54% |
| Price | 1.30 | |
| S1 | 1.22 | -6.15% |
| S2 | 1.19 | -8.46% |
| S3 | 1.14 | -12.31% |
FAQ
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