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
Red day on Monday for Kathmandu Holdings Limited
(Updated on Jun 17, 2024)
The Kathmandu Holdings Limited stock price fell by -2.53% on the last day (Monday, 17th Jun 2024) from $0.395 to $0.385. During the last trading day the stock fluctuated 3.90% from a day low at $0.385 to a day high of $0.400. The price has fallen in 5 of the last 10 days and is down by -1.28% for this period. Volume has increased on the last day by 288 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 559 thousand shares were bought and sold for approximately $215.30 thousand.
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 -28.57% during the next 3 months and, with a 90% probability hold a price between $0.225 and $0.294 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
KMD.AX Signals & Forecast
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. 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 $0.398 and $0.418. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -31.25%. Further fall is indicated until a new bottom pivot has been found. Kathmandu Holdings Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
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 is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0150 (3.90%) between high and low. For the last week, the stock has had daily average volatility of 2.82%.
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 Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Kathmandu Holdings Limited to open at $0.390, and during the day (based on 14 day Average True Range), to move between $0.370 and $0.400, which gives a possible trading interval of +/-$0.0150 (+/-3.89%) up or down from last closing price. If Kathmandu Holdings Limited takes out the full calculated possible swing range there will be an estimated 7.77% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.390, some $0.0050 (1.30%) from the current price of $0.385, 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 very 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: -4.448 Sell Candidate Unchanged
Predicted Opening Price for Kathmandu Holdings Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.390 ( 1.30%) | $0.385 |
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 | 0.405 | 5.19% |
| R2 | 0.399 | 3.71% |
| R1 | 0.396 | 2.79% |
| Price | 0.385 | |
| S1 | 0.384 | -0.190% |
| S2 | 0.381 | -1.11% |
| S3 | 0.375 | -2.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.400 | 3.90% |
| R2 | 0.395 | 2.60% |
| R1 | 0.390 | 1.30% |
| Price | 0.385 | |
| 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
Click here for our free guide on how to buy Kathmandu Holdings Limited Stock.
