Kathmandu Holdings Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Kathmandu Holdings Limited stock price down 1.52% on Wednesday
(Updated on Jun 26, 2024)
The Kathmandu Holdings Limited stock price fell by -1.52% on the last day (Wednesday, 26th Jun 2024) from $0.330 to $0.325. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 5.31% from a day low at $0.320 to a day high of $0.337. The price has fallen in 8 of the last 10 days and is down by -16.67% for this period. 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 -86 thousand shares and in total, 1 million shares were bought and sold for approximately $418.09 thousand.
The stock lies in the middle of a 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 -35.40% during the next 3 months and, with a 90% probability hold a price between $0.200 and $0.227 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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KMD.AX Signals & Forecast
There are few to no technical positive signals at the moment. The Kathmandu Holdings Limited 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 $0.356 and $0.395. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -24.42%. 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 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.
Support, Risk & Stop-loss for Kathmandu Holdings Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0170 between high and low, or 5.31%. For the last week the stock has had daily average volatility of 6.56%.
Kathmandu Holdings Limited is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KMD.AX) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Kathmandu Holdings Limited to open at $0.327, and during the day (based on 14 day Average True Range), to move between $0.307 and $0.343, which gives a possible trading interval of +/-$0.0181 (+/-5.57%) up or down from last closing price. If Kathmandu Holdings Limited takes out the full calculated possible swing range there will be an estimated 11.14% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.360, some $0.0350 (10.77%) from the current price of $0.325, our system finds the risk reward not very attractive.
Is Kathmandu Holdings Limited stock A Buy?
Kathmandu Holdings Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -6.626 Strong Sell Candidate Unchanged
Predicted Opening Price for Kathmandu Holdings Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $0.327 ( 0.718%) | $0.325 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KMD.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.344 | 5.95% |
| R2 | 0.338 | 3.95% |
| R1 | 0.334 | 2.72% |
| Price | 0.325 | |
| S1 | 0.321 | -1.28% |
| S2 | 0.317 | -2.51% |
| S3 | 0.310 | -4.51% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.400 | 23.08% |
| R2 | 0.390 | 20.00% |
| R1 | 0.360 | 10.77% |
| Price | 0.325 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
KMD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 04, 2023 | Oct 04, 2023 | Oct 20, 2023 | $0.0238 | 3.00% |
| 2 | Jun 14, 2023 | Jun 14, 2023 | Jun 14, 2023 | $0.0232 | 2.43% |
| 3 | Nov 09, 2022 | Nov 09, 2022 | Nov 09, 2022 | $0.0275 | 2.92% |
| 4 | Jun 14, 2022 | Jun 14, 2022 | Jun 14, 2022 | $0.0230 | 2.45% |
| 5 | Nov 29, 2021 | Nov 29, 2021 | Nov 29, 2021 | $0.0243 | 1.75% |
FAQ
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