Kontrol Energy Corp. 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
Kontrol Energy Corp. stock price up 0.657% on Friday
(Updated on May 17, 2024)
The Kontrol Energy Corp. stock price gained 0.657% on the last trading day (Friday, 17th May 2024), rising from $0.210 to $0.211. During the last trading day the stock fluctuated 1.26% from a day low at $0.211 to a day high of $0.214. The price has risen in 5 of the last 10 days and is up by 4.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 329 more shares were traded than the day before. In total, 329 shares were bought and sold for approximately $69.58 .
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 29.91% during the next 3 months and, with a 90% probability hold a price between $0.238 and $0.355 at the end of this 3-month period.
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KNRLF Signals & Forecast
The Kontrol Energy Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.202 and $0.204. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 10.50%. 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). Kontrol Energy Corp. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Tuesday, April 02, 2024 with a target of $0.172. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
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 $0.166.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0027 between high and low, or 1.26%. For the last week, the stock has had daily average volatility of 1.30%.
Our recommended stop-loss: $0.201 (-5.09%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (KNRLF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Kontrol Energy Corp. to open at $0.212, and during the day (based on 14 day Average True Range), to move between $0.203 and $0.220, which gives a possible trading interval of +/-$0.0088 (+/-4.16%) up or down from last closing price. If Kontrol Energy Corp. takes out the full calculated possible swing range there will be an estimated 8.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.225 (6.49%) than the support at $0.185 (12.52%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Kontrol Energy Corp. stock A Buy?
Kontrol Energy Corp. 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Kontrol Energy Corp. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.212 ( 0.421%) | $0.211 |
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 | 0.215 | 1.68 % | |
| R2 | 0.214 | 1.20 % | ||
| R1 | 0.213 | 0.90 % | ||
| Current price: | 0.211 | |||
| Support | S1 | 0.211 | -0.0614 % | |
| S2 | 0.211 | -0.359 % | ||
| S3 | 0.210 | -0.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.245 | 15.85 % | |
| R2 | 0.235 | 11.22 % | ||
| R1 | 0.225 | 6.49 % | ||
| Current price | 0.211 | |||
| Support | S1 | 0.185 | -12.52% | |
| S2 | 0.180 | -14.89% | ||
| S3 | 0.166 | -21.36% |
FAQ
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