Kontrol Energy Corp. Stock Forecast
Stronger technical forecast for Kontrol Energy Corp. stock price after Wednesday trading.
(Updated on May 08, 2024)
The Kontrol Energy Corp. stock price gained 2.53% on the last trading day (Wednesday, 8th May 2024), rising from $0.198 to $0.203. During the last trading day the stock fluctuated 9.46% from a day low at $0.185 to a day high of $0.203. The price has risen in 5 of the last 10 days but is still down by -0.37% for this period. Volume fell on the last day by -670 shares and in total, 1 thousand shares were bought and sold for approximately $222.75 . 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.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 26.55% during the next 3 months and, with a 90% probability hold a price between $0.220 and $0.334 at the end of this 3-month period.
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KNRLF Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -18.25%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The Kontrol Energy Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.200 and $0.196. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Kontrol Energy Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.185 and $0.180. 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, Kontrol Energy Corp. finds support just below today's level at $0.185. If this is broken, then the next support from accumulated volume will be at $0.180 and $0.170.
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 $0.0175 between high and low, or 9.46%. For the last week the stock has had daily average volatility of 2.14%.
Our recommended stop-loss: $0.193 (-4.49%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (KNRLF) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Kontrol Energy Corp. to open at $0.197, and during the day (based on 14 day Average True Range), to move between $0.192 and $0.213, which gives a possible trading interval of +/-$0.0108 (+/-5.31%) up or down from last closing price. If Kontrol Energy Corp. takes out the full calculated possible swing range there will be an estimated 10.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.185 (8.64%) than the resistance at $0.225 (11.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Kontrol Energy Corp. will release earnings BMO on Monday, May 13, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0200. We will update the financials statements for Kontrol Energy Corp., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.58% in the first trading day after earnings release.
Is Kontrol Energy Corp. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Kontrol Energy Corp. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.152 Buy Candidate Upgraded
Predicted Opening Price for Kontrol Energy Corp. of Thursday, May 9, 2024
Fair opening price May 9, 2024 | Current price |
---|---|
$0.197 ( 2.88%) | $0.203 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KNRLF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.214 | 5.76 % | |
R2 | 0.207 | 2.46 % | ||
R1 | 0.203 | 0.421 % | ||
Current price: | 0.203 | |||
Support | S1 | 0.190 | -6.18 % | |
S2 | 0.186 | -8.22 % | ||
S3 | 0.179 | -11.52 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.245 | 20.99 % | |
R2 | 0.235 | 16.15 % | ||
R1 | 0.225 | 11.21 % | ||
Current price | 0.203 | |||
Support | S1 | 0.185 | -8.64% | |
S2 | 0.180 | -11.11% | ||
S3 | 0.170 | -16.05% |
FAQ
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