Kaltura, Inc. Stock Forecast
Stronger technical forecast for Kaltura, Inc. stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Kaltura, Inc. stock price fell by -0.83% on the last day (Tuesday, 25th Jun 2024) from $1.21 to $1.20. During the last trading day the stock fluctuated 6.84% from a day low at $1.17 to a day high of $1.25. The price has been going up and down for this period, and there has been a 21.33% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -75 thousand shares and in total, 52 thousand shares were bought and sold for approximately $62.68 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $1.28 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -15.65% during the next 3 months and, with a 90% probability hold a price between $0.651 and $1.08 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 a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $1.24. On a fall, the stock will find some support from the long-term average at approximately $1.16. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -7.69%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Kaltura, Inc. stock
Kaltura, Inc. finds support from accumulated volume at $1.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0800 between high and low, or 6.84%. For the last week the stock has had daily average volatility of 7.16%.
Our recommended stop-loss: $1.14 (-5.14%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (KLTR) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Kaltura, Inc. to open at $1.21, and during the day (based on 14 day Average True Range), to move between $1.10 and $1.30, which gives a possible trading interval of +/-$0.0963 (+/-8.02%) up or down from last closing price. If Kaltura, Inc. takes out the full calculated possible swing range there will be an estimated 16.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.19 (0.83%) than the resistance at $1.22 (1.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kaltura, Inc. stock A Buy?
Kaltura, 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.530 Hold/Accumulate Upgraded
Predicted Opening Price for Kaltura, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $1.21 ( 0.556%) | $1.20 |
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 | 1.29 | 7.22% |
| R2 | 1.26 | 4.68% |
| R1 | 1.24 | 3.10% |
| Price | 1.20 | |
| S1 | 1.18 | -1.99% |
| S2 | 1.16 | -3.56% |
| S3 | 1.13 | -6.11% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.35 | 12.50% |
| R2 | 1.26 | 5.00% |
| R1 | 1.22 | 1.67% |
| Price | 1.20 | |
| S1 | 1.19 | -0.83% |
| S2 | 1.14 | -5.00% |
| S3 | 1.05 | -12.50% |
FAQ
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