Kontrol Energy Corp. Stock Forecast
Kontrol Energy Corp. stock downgraded to Sell Candidate
(Updated on May 31, 2024)
No changes to the price of Kontrol Energy Corp. stock on the last trading day (Friday, 31st May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.190 to a day high of $0.190. The price has fallen in 4 of the last 10 days and is down by -9.8% for this period.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.185 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 25.61% during the next 3 months and, with a 90% probability hold a price between $0.232 and $0.350 at the end of this 3-month period.
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KNRLF Signals & Forecast
There are mixed signals in the stock today. The Kontrol Energy Corp. 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 $0.197 and $0.207. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Kontrol Energy Corp. stock
Kontrol Energy Corp. finds support from accumulated volume at $0.185 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.82%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KNRLF) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Kontrol Energy Corp. to open at $0.190, and during the day (based on 14 day Average True Range), to move between $0.183 and $0.196, which gives a possible trading interval of +/-$0.0070 (+/-3.67%) up or down from last closing price. If Kontrol Energy Corp. takes out the full calculated possible swing range there will be an estimated 7.34% 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 (2.37%) than the resistance at $0.200 (5.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kontrol Energy Corp. stock A Buy?
Kontrol Energy Corp. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.898 Sell Candidate Downgraded
Predicted Opening Price for Kontrol Energy Corp. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $0.190 ( 0%) | $0.190 |
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 | 0.190 | . | |
| R2 | 0.190 | . | ||
| R1 | 0.190 | . | ||
| Current price: | 0.190 | |||
| Support | S1 | 0.190 | . | |
| S2 | 0.190 | . | ||
| S3 | 0.190 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.235 | 24.12 % | |
| R2 | 0.225 | 18.84 % | ||
| R1 | 0.200 | 5.54 % | ||
| Current price | 0.190 | |||
| Support | S1 | 0.185 | -2.37% | |
| S2 | 0.180 | -5.01% | ||
| S3 | 0.150 | -20.84% |
FAQ
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